` Friday, July news 25, 2014 updates Office # 05, Ground Floor, Arshad Mansion, Near Chowk A.G Office, Nabha Road Lahore. Ph. 042-37350473 Cell # 0300-8848226 NEWS OF Mail to: [email protected], [email protected] THE DAY PLP NEWS ALERTS EMAIL No. 172-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 5 Pakistan urges 'humanitarian pause' in Gaza ............................................................................................... 5 Mourning Day today ..................................................................................................................................... 6 15 dead as Israeli shell hits school ................................................................................................................ 7 Former CJP seeks Rs 20 billion in damages from Imran ............................................................................... 7 PTI says it welcomes legal notice .................................................................................................................. 8 Government working to give India MFN status ............................................................................................ 9 Saarc urged to develop EDI to resolve teething issues ............................................................................... 10 More than 2.2 billion people 'poor or near-poor': UNDP ........................................................................... 12 Pakistan ranked at bottom in South Asia .................................................................................................... 13 Wreckage of missing Algerian airliner found in Mali .................................................................................. 13 IMF lowers 2014 global growth forecast .................................................................................................... 14 LNG import: Ministries reluctant to become members of body ................................................................ 15 Gunmen kill two Finnish women in Herat .................................................................................................. 16 Iraq elects Kurdish lawmaker as president ................................................................................................. 17 Reko Diq project: Balochistan government accused of trying to award contract to blacklisted company 18 Setting up credit rating company: Rs 100 million minimum equity proposed by SECP ............................. 19 PBS clarification .......................................................................................................................................... 21 Lahore killings: Sanaullah, Shah to be cross-examined today .................................................................... 22 Ukraine Prime Minister resigns over coalition break-up ............................................................................ 22 Equities inch up ........................................................................................................................................... 23 Business and Economy: Pakistan ............................................................................................................. 24 Reserves decline by $63.4 million ............................................................................................................... 24 PBS clarification .......................................................................................................................................... 24 13.2 percent of GDP: national saving rate lowest in South Asia ................................................................ 25 Government working to give India MFN status .......................................................................................... 27 Saarc urged to develop EDI to resolve teething issues ............................................................................... 28 Shahbaz for strict implementation of development programme ............................................................... 30 Economic activities: PIAF urges government to ensure participation of women ...................................... 31 One Stop Shop to be set up at LCCI to facilitate investment ...................................................................... 32 CDA directives: Development work in Park Enclave housing scheme soon after Eid ................................ 33 Bestway Cement acquires Lafarge Pakistan plant in Chakwal .................................................................... 34 Activities at Karachi and Qasim ports ......................................................................................................... 34 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 172-2014 Paapam chief pinpoints factors hitting auto industry ................................................................................ 36 Yellow cab scheme from October: Punjab chief minister ........................................................................... 37 Punjab Metro Bus Authority approves budget: 68 buses to be purchased ................................................ 38 PIA faux pas! ............................................................................................................................................... 38 Emirates Airlines resumes operations from Peshawar ............................................................................... 40 KP governor inaugurates Khushal Garh Bridge near Kohat ........................................................................ 40 Double pension at 75 years of age: Punjab government issues notification.............................................. 41 Cotton and Textiles: Pakistan .................................................................................................................. 42 Lean business on cotton market ahead of Eid holidays .............................................................................. 42 Moderate trading ........................................................................................................................................ 43 Agriculture and Allied: Pakistan ............................................................................................................. 45 Pakistan, France to promote bilateral trade in agriculture sector ............................................................. 45 Daily trading report of PMEX ...................................................................................................................... 46 Rice export decreased by 8.44 percent in June .......................................................................................... 46 'Monsoon rains likely to boost major Kharif crop production' ................................................................... 47 Poultry contributes 40 percent of total meat consumption ....................................................................... 48 Exporters still disappointed: record fisheries worth $367.472 million exported in fiscal year 2014 ......... 48 Contamination of Manchhar Lake: Zakat department, BISP to provide funds for relief to fishermen, rehabilitation of lake ................................................................................................................................... 49 Taxation: Pakistan .................................................................................................................................... 51 Where further tax is included: taxmen told not to entertain output tax claims ........................................ 51 Retailers' registration with ST department: RTOs to carry out market surveys ......................................... 51 Fuel and Energy: Pakistan ....................................................................................................................... 54 Increase in GIDC to push up prices of daily use items ................................................................................ 54 More protests likely after Eid against loadshedding .................................................................................. 55 Fuel and Energy: World ............................................................................................................................ 56 Brent oil dips below $107, market well-supplied ....................................................................................... 56 Iraq oil exports dip after jihadist offensive ................................................................................................. 57 Banking & Finance ................................................................................................................................... 58 Pakistan’s liquid foreign reserves reach $14.45 billion............................................................................... 58 Markets ...................................................................................................................................................... 59 232 fined during crackdown against profiteering ....................................................................................... 59 BR Research: All ....................................................................................................................................... 60 PML-Ns subpar report card ........................................................................................................................