` Thursday, July 10, 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. 160-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 6 Certain oil companies involved in oil smuggling from Iran: Senate panel told ............................................ 6 Joint Pak-Chinese venture to launch electric car .......................................................................................... 7 Power tariff may increase by Rs 1.30 per unit .............................................................................................. 7 PTI seeks disqualification of Prime Minister ................................................................................................. 8 Lahore killings: tribunal seeks record of telephonic data of chief minister, others ..................................... 9 Regulators detail new capital buffer for top insurers ................................................................................... 9 China-US confrontation to spell disaster: Xi ............................................................................................... 10 Miranshah largely cleared of militants ....................................................................................................... 11 Prime Minister, CoAS take stock of situation ............................................................................................. 12 MoF faces AGP-AGPR charges over PDCs ................................................................................................... 13 Residual concessions: Customs told to apply conditions under Finance Act ............................................. 14 53 blindfolded bodies found in Iraq ............................................................................................................ 16 Israel pounds Gaza as Hamas flexes rocket reach ...................................................................................... 17 NACTA national coordinator: appointment declared null and void ........................................................... 17 Government withdraws petition against Gilani's bail ................................................................................. 18 Saeed Mehdi appointed SNGPL chief ......................................................................................................... 18 MPS now on July 19 .................................................................................................................................... 19 Prime Minister to visit Karachi today .......................................................................................................... 19 SHC bars FIA from arresting Amin Fahim .................................................................................................... 19 Anger mounts as Germany unearths second US spy suspect ..................................................................... 20 US blacklists UAE Company......................................................................................................................... 21 Stocks slide .................................................................................................................................................. 21 LSE index loses 22.98 points ....................................................................................................................... 22 ISE index improves marginally .................................................................................................................... 23 BRIndex30 sheds 37.02 points .................................................................................................................... 23 Business and Economy: Pakistan ............................................................................................................. 24 Slow development-spending: provinces may achieve larger-than-envisaged surpluses: IMF ................... 24 KCCI chief urges SBP to bring down discount rate ...................................................................................... 25 MCCI chief for steps to end loadshedding .................................................................................................. 26 KCCI's annual election will be held on September 20 ................................................................................. 26 Fire tenders' project: TI-Pakistan points out manipulation in tendering ................................................... 27 Samsung announces second quarter earning guidance ............................................................................. 28 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 160-2014 81km Swat Expressway to cost Rs 28.30 billion, Khyber Pakhtunkhwa chief minister told ....................... 29 International donors and NGOs: provincial governments asked to examine accords thoroughly............. 30 Khyber Pakhtunkhwa to set up chamber for skilled craftsmen .................................................................. 31 Shipping Intelligence ................................................................................................................................... 31 Company News: Pakistan ......................................................................................................................... 35 Pakistan Oilfields Limited ............................................................................................................................ 35 HSBC Bank Oman S.A.O.G declares PLS profit rates ................................................................................... 37 Taxation: Pakistan .................................................................................................................................... 38 MoF faces AGP-AGPR charges over PDCs ................................................................................................... 38 Residual concessions: Customs told to apply conditions under Finance Act ............................................. 39 Customs appears feckless to check 'Haram' food items ............................................................................. 40 Duty on pet resins raised to 8.5 percent under PCT ................................................................................... 41 Constitution of PCB: notification to be issued on July 9, Supreme Court told ........................................... 43 Cricketers won't be treated as professionals: Misbah, Azhar meet Dar .................................................... 44 Inputs, raw materials: IOCO empowered to determine entitlement ......................................................... 45 Transfers, postings of FBR officials ............................................................................................................. 46 Taxation: World ......................................................................................................................................... 47 Modi''s government recommends cutting food, fertiliser subsidies .......................................................... 47 Credit Suisse seeks delay in sentencing in US tax case ............................................................................... 47 Cotton and Textiles: Pakistan .................................................................................................................. 49 Cotton market: spot rate slides on easy supply position ............................................................................ 49 July-May 2013-14: import of textile machinery grows by 58 percent ........................................................ 50 Agriculture and Allied: Pakistan ............................................................................................................. 51 Rainee Canal Project case: NAB arrests one accused from Ghotki ............................................................. 51 Sufficient stocks available: SABIC suspends further urea supply to local market ...................................... 51 Wheat flour price not increased in Punjab: minister .................................................................................. 52 No slackness in meeting Ramazan package target: Dr Javed ..................................................................... 54 Daily trading report of PMEX ...................................................................................................................... 54 Government inaction irks mango exporters ............................................................................................... 55 Fuel and Energy: Pakistan ....................................................................................................................... 56 Oil, gas sector: Khyber Pakhtunkhwa government approves Rs 7.5 billion investments ........................... 56 Saeed Mehdi appointed SNGPL chief ......................................................................................................... 56 CNG stations: Supreme Court dismisses identical petitions ....................................................................... 57 Shell in terminal expansion deal to boost LNG fuel for transport .............................................................. 57 KP to