April 11, 2012 - AsiaNet-Pakistan

Archive for April 11th, 2012

AKD Quotidian about — FY13 budget News flow: Key Highlights

[ 0 ] April 11, 2012 |

Karachi: While the FY13 Federal Budget will reportedly be unveiled in the last week of May’12, key points from official document have started to appear in news flow. According to AKD Securities, in this regard, the FY13 Budget projects GDP growth of 4.5%, single-digit inflation of 9.5%, a contracting fiscal deficit to 4.2% of GDP […]

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Oil consumption declines by 2%YoY during 9MFY12 – Alfalah Securities Limited

[ 0 ] April 11, 2012 |

Karachi: Oil sales stood at 14.3 million tons during 9M FY12 against 14.6 million tons in the same period last year, registering a decline of 2%. According to Alfalah Securities Limited, Oil consumption was 1.6 million tons in March 2012 registering a decline of 11%YoY and a surge of 18% MoM. Lower sales are mainly […]

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9MFY12 Remittances reaches USD 9.735bn, up by 21.45%YoY – Alfalah Securities Limited

[ 0 ] April 11, 2012 |

Karachi: According to the data released by SBP recently, Overseas Pakistanis have remitted an amount of USD 9.735 billion during the 9MFY12 period (July-March 2012) against USD 8.016 billion in the same period last year, depicting a substantial YoY growth of 21.45%. According to Alfalah Securities Limited, Likewise on monthly basis, remittances sent by overseas […]

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Economic estimates for budget FY13 – Alfalah Securities Limited

[ 0 ] April 11, 2012 |

Karachi: The Ministry of Finance has prepared Federal Budget FY13 document projecting a growth in GDP of 4.5%, inflation at 9.5% and fiscal deficit at 4.2 %. According to Alfalah Securities Limited, The consolidated tax ratio is likely to be raised from 10.4% in FY12 to 12% in the next three years. The tax to- […]

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Budget allocation for textile sector about to lapse – Pakistan Readymade Garments Manufacturers and Exporters Association demands immediate release of Rs4.5 billion

[ 0 ] April 11, 2012 | General Business News

Karachi: The textile sector has demanded of the government to immediately release allocated amount of the refund claims against Duty Drawback of Local Taxes and Levies (DLTL) before it get lapsed. Central and Zonal Chairmen, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Shehzad Salim and Atiq Kochra have pointed out that budgetary allocation for […]

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A 30 member trade delegation of Rice Exporters Association of Pakistan is on a trip to India.

[ 0 ] April 11, 2012 | General Business News

Lahore: In first phase of the visit, the delegation under the leadership of Mr. Abdul Rahim Janoo, Ex-Chairman REAP and Mr. Safder Hussain Mehkri, Vice Chairman REAP and Deputy Leader of the Delegation visited All India Rice Exporters Association (AIREA), New Delhi yesterday. Mr. Vijay Setia, President, All India Rice Exporters Association (AIREA) welcomed the […]

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Pakistan Telecommunication Company Limited storms Sindh’s cities with creative customer outreach

[ 0 ] April 11, 2012 | Telecommunication

Karachi: Pakistan Telecommunication Company Limited (PTCL) recently conducted a creative town marketing campaign in Sindh province to reach its valuable customers. The “PTCL Town Storming” campaign spread awareness about the Company’s exciting products and services, and also offered on-spot sales to potential customers by setting up attractive town kiosks and running mobile floats manned by […]

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Faryal talpur directs IG Sindh to arrest the killers

[ 0 ] April 11, 2012 | Government Institutions

Karachi: Faryal Talpur Secretary General Pakistan People’s Party Women Wing has strongly condemned the incidents in which body parts of the woman were found in some parts of Karachi and she has directed Inspector General Sindh to probe the matters and arrest the culprit immediately. This was stated in a statement issued here on Wednesday […]

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Karachi Chamber of Commerce and Industry’s President Mian Abrar Ahmad emphasized to form Cairo-Karachi Joint Chamber to bridge together two economies.

Karachi: While exchanging views with the Ambassador of the Arab Republic of Egypt Said Hindam, he also asserted upon the multi-lateral trade between the Muslim countries of the Arab-African region. He focused that the regional trade is the key solution to sustain peace and prosperity in the region. He articulated that the Pakistan due to […]

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20,000 MW Hydel Projects Underway: Water and Power Development Authority Chairman

[ 0 ] April 11, 2012 | Misc.

Lahore: The Pakistan Water and Power Development Authority (WAPDA) is working on hydropower projects with cumulative generation capacity of about 20,000 MW. Of them, the projects about 7000 MW are in the construction phase, while rest are in the final stage of their detailed engineering designs. This was stated by WAPDA Chairman Shakil Durrani while […]

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The Under-14 Boys Festival of football has been launched on Wednesday at Jinnah Stadium Islamabad in a most colourful manner

[ 0 ] April 11, 2012 | Government Institutions

Islamabad: The opening ceremony was started with the passing out parade of the participating teams of Pakistan, Pakistan A, Tajikistan and Afghanistan. The opening ceremony was witnessed by a large gathering of football fans. According to the press release issued here by Pakistan Football Federation (PFF) Mr. Paul Molloy, the Australian Deputy High Commissioner who […]

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Indo-Pakistan relations: Private Sector gears up to keep pace with political development

Islamabad: While the India and Pakistan are making headways to improve bilateral relations on political fronts, the Private Sector is geared up to practically demonstrate its potential to unleash the economic potential. “We are committed to keep pace with the recent development in bilateral relation between India and Pakistan and perceive the recent meet between […]

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