` Tuesday, August 05, 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. 177-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 5 Indo-Pak trade: World Bank decides to release technical grant .................................................................. 5 Two soldiers martyred, seven Uzbek terrorists killed................................................................................... 6 Resolution adopted: National Assembly condemns relentless Israeli aggression ........................................ 6 Palestinians, Israel agree on new 72-hour truce .......................................................................................... 8 Power projects: Prime Minister reviews progress ........................................................................................ 9 MQM MNAs stage walkout over raid ......................................................................................................... 10 HSBC profits fall, warns over bank risk-taking ............................................................................................ 10 Portugal averts BES disaster ....................................................................................................................... 11 Imran's demand termed 'unconstitutional': ECP won't brook government intervention .......................... 13 WTO failure points to fragmented future for global trade ......................................................................... 14 THE RUPEE: bears dominate ....................................................................................................................... 15 Significant gas reserve discovered in Gambat ............................................................................................ 16 PSM fails to achieve 20 percent production target for July........................................................................ 17 Supreme Court turns down former CJP's request ...................................................................................... 18 Supreme Court issues notices over PBA's plea ........................................................................................... 19 Condolence reference ................................................................................................................................. 20 Government still struggles to persuade Imran ........................................................................................... 20 Zardari contacts the Chaudhry brothers ..................................................................................................... 21 Alam Khattak new defence secretary ......................................................................................................... 21 British troops could return to Afghanistan: army chief .............................................................................. 22 Equities fall to nine-month low ................................................................................................................... 22 LSE index drops 113.23 points .................................................................................................................... 23 ISE index down by 131.88 points ................................................................................................................ 24 BRIndex30 dips by 480.94 points ................................................................................................................ 24 Business and Economy: Pakistan ............................................................................................................. 25 Italian envoy briefed on investment opportunities .................................................................................... 25 Forex reserves fall by $110 million ............................................................................................................. 26 CPI inflation increases by 7.88 percent during July 2014 ........................................................................... 26 Indo-Pak trade: World Bank decides to release technical grant ................................................................ 27 Simplified tax system, end SRO culture: PIAF-Founders Alliance's manifesto for LCCI elections .............. 28 SAI chief criticises long Eid holidays ............................................................................................................ 29 Paper merchants visit various Chinese trade bodies .................................................................................. 29 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 177-2014 Massive financial bungling detected in NPO projects ................................................................................ 30 Abad chief says political uncertainty to affect investment......................................................................... 32 Cherat Cement to set up new plant in Nowshera ...................................................................................... 33 e2e Supply Chain Management providing best services ............................................................................ 33 Activities at Karachi and Qasim ports ......................................................................................................... 34 New Toyota Corolla model: announcement ............................................................................................... 35 Railways lacks capacity to lift coal in bulk................................................................................................... 35 PSDP projects: NHA directed to ensure speedy completion ...................................................................... 36 100 years of Sahiwal DCB Conservation: PP issuing commemorative postage stamp ............................... 37 Company News: Pakistan ......................................................................................................................... 38 Flying Cement Company Limited ................................................................................................................ 38 Cotton and Textiles: Pakistan .................................................................................................................. 40 MoTI formulating five-year Textile Policy: National Assembly informed ................................................... 40 Unresolved issues, political uncertainty hurt textile export ....................................................................... 41 Usman joins Khaadi as general manager .................................................................................................... 42 Agriculture and Allied: Pakistan ............................................................................................................. 43 Daily trading report of PMEX ...................................................................................................................... 43 Mangla, Tarbela and Chashma reservoirs IRSA stores 11.55MAF water .................................................... 43 NFS&R to take provinces on board to restore PODB's activities ................................................................ 44 Wheat second biggest contributor to inflation: SBP report ....................................................................... 45 Rice export to Iran may go up ..................................................................................................................... 46 PSM fails to achieve 20 percent production target for July........................................................................ 46 Chinese company banned for supplying expired meat .............................................................................. 47 Taxation: Pakistan .................................................................................................................................... 49 Beverage makers' premises in Karachi: IROs deputed to monitor actual production & sales ................... 49 Fuel and Energy: Pakistan ....................................................................................................................... 50 Power projects: Prime Minister reviews progress ...................................................................................... 50 Significant gas reserve discovered in Gambat ............................................................................................ 50 'Unlawful' bank charges, meter rent: MoW&P seeks explanation from K-Electric .................................... 51 Clarification ................................................................................................................................................. 52 Banking & Finance ................................................................................................................................... 54 Pak forex figure $ 14.34006bn .................................................................................................................... 54 SBP issued fresh currency notes of Rs 154bn in Ramazan .......................................................................... 54 BR Research: All ......................................................................................................................................