` Friday, August 08, news 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. 180-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 5 Hostile rhetorics raise spectre of big showdown .......................................................................................... 5 MQM urges Prime Minister to call APC ........................................................................................................ 6 Sharifs mulling fleeing Pakistan, claims Qadri .............................................................................................. 6 The ball is in government's court: Jamaat-i-Islami chief ............................................................................... 7 Former CJP seeks to use record of contempt case against Imran ................................................................ 7 10,400 megawatts projects: Beijing to make required funding ................................................................... 8 Power sector receivables soar to Rs 466.542 billion .................................................................................... 9 Shale gas policy formulated: E&P companies to get $13/mmbtu well-head gas price .............................. 10 No concessionary SRO to be issued in fiscal year 2015: APTMA told ......................................................... 12 Russia threatens to block flights ................................................................................................................. 13 ECB says Ukraine crisis threatens EU recovery, keeps rates low ................................................................ 14 Tapi gas line project: top priority to timely completion: Nawaz ................................................................ 15 Kerry in Kabul to push for new president within weeks ............................................................................. 16 US mulls action in Iraq, warns of 'catastrophe' .......................................................................................... 17 Russia grants Snowden three-year residence ............................................................................................. 18 DVD played in courtroom: Defence challenges veracity ............................................................................ 19 PTI loses PS-93 seat to Jamaat-i-Islami after review................................................................................... 19 WTO confirms China rare earth trade limits break rules ............................................................................ 20 Tensions flare as Gaza truce deadline looms .............................................................................................. 21 Khmer Rouge leaders jailed for life ............................................................................................................. 22 Stocks recoup losses ................................................................................................................................... 22 Business and Economy: Pakistan ............................................................................................................. 24 Domestic debt, other liabilities hit record Rs 11 trillion mark .................................................................... 24 Pakistan's foreign exchange reserves fall by $33.7 million......................................................................... 25 LCCI chief for joint approach to get rid of economic mire .......................................................................... 25 Outlook for Pakistan economy marked by uncertainties ........................................................................... 26 Illegal clearance of pharma raw material: FIA indicts over 75 Karachi-based customs officers ................ 27 Honda honoured with two PakWheels Car Awards.................................................................................... 28 GTF earns acclaim from leading cultural bodies ......................................................................................... 29 'Dilip Kumar's house declared protected heritage site' .............................................................................. 30 Four-day Swat Tourists' Gala kicks off in Kalam Valley ............................................................................... 31 Activity at Karachi and Qasim ports ............................................................................................................ 31 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 180-2014 Company News: Pakistan ......................................................................................................................... 33 'Trading of government securities will take time to show results,' Managing Director, Karachi Stock Exchange ..................................................................................................................................................... 33 Cotton and Textiles: Pakistan .................................................................................................................. 36 Exporters, mills continue buying afresh...................................................................................................... 36 Cotton prices slump due to uncertainty ..................................................................................................... 37 No concessionary SRO to be issued in fiscal year 2015: APTMA told ......................................................... 38 Energy supply to textile industry still under pressure ................................................................................ 40 Leather goods' export increases by 11 percent to $621.52 million............................................................ 40 Taxation: Pakistan .................................................................................................................................... 42 SRB collects Rs 3.23 billion of ST in July ...................................................................................................... 42 Challenging business conditions SCB income, profits for 1HCY14 lower ................................................... 42 Taxation: World ......................................................................................................................................... 44 US taxpayers to get another big cheque from Fannie Mae, Freddie Mac .................................................. 44 Greek government red-faced over property tax error ............................................................................... 45 South Korea sets rules to tax excessive corporate cash reserves............................................................... 45 Agriculture and Allied: Pakistan ............................................................................................................. 47 PARC's BoG approves Rs 3.59 billion budget for fiscal year 2015 .............................................................. 47 Irsa reduces outflows of Mangla dam to 10,000 cusecs ............................................................................. 48 Clarification ................................................................................................................................................. 49 'Uncertified' sugar being sold in market ..................................................................................................... 49 Daily trading report of PMEX ...................................................................................................................... 50 Pulses' cultivation to be promoted in Punjab ............................................................................................. 50 Early radish variety to be beneficial, claims PAD ........................................................................................ 51 Fuel and Energy: Pakistan ....................................................................................................................... 52 Abid Sher concerned over politics of discord ............................................................................................. 52 Power sector receivables soar to Rs 466.542 billion .................................................................................. 52 Shale gas policy formulated: E&P companies to get $13/mmbtu well-head gas price .............................. 53 Opinion issued to OGRA, MPNR: CCP for ending discriminatory application of IFEM ............................... 54 Efforts on to overcome gas theft incidents: SSGC chief ............................................................................. 56 K-Electric extends last date for payment of bills ........................................................................................ 57 'Innocent protestors' are defaulters: KE ..................................................................................................... 57 LNG import scheduled for March 2015, National Assembly told ............................................................... 58 Fuel and Energy: World ...........................................................................................................................