May 3, 2013 - AsiaNet-Pakistan

Archive for May 3rd, 2013

AKD Quotidian about — Soft inflation may not revive easing

May 3, 2013 | Brokerage

Karachi, May 03, 2013 (PPI-OT): CPI forApr’13 has clocked in at 5.8%YoYvs. 6.6%YoY in the previous month. At the same time, Core (trimmed mean) inflation has dropped to 7.6%YoY vs. 8.4%YoY in Apr’13. According to AKD Securities this brings 1OMFY13 CPI average to 7.8%VoY. However, CPI is up 1.1%MoM where the sequential uptick is largely […]

Read More

Morning Call about – CPI to average ~7.5% in FY13, room for a rate cut in sight – Arif Habib Limited

May 3, 2013 | Brokerage

Karachi, May 03, 2013 (PPI-OT): CPI up 5.80% YoY in Apr ’13, marks 1.1% MoM rise Inflation for the month of April 2013 touched 9-year low clocking in at 5.8% YoY. According to Arif Habib Limited this, however, marks a 1.1% MoM rise in the overall inflation. Prior month saw CPI going down to 6.57% […]

Read More

Pakistan’s economy is in shambles, industry is closing down, exports’ target has become impossible to achieve: Korangi Association of Trade and Industry

May 3, 2013 | General Business News

Karachi, May 03, 2013 (PPI-OT): The Trade and Industry has expressed its sheer concern over the KESC’s SOS for the possible load-shedding for long hours due to want of cash flow. The Patron In-Chief Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Mohammad Zubair Chhaya and Vice Chairmen Najmul Arfeen and Niaz […]

Read More

Pakistan Tanners Association hosts dinner-reception in honour of Gulzar Firoz on his election as vice president Federation of Pakistan Chambers of Commerce and Industry

May 3, 2013 | General Business News, Misc.

Karachi, May 03, 2013 (PPI-OT): The Chairman and Executive Committee of Pakistan Tanners Association hosted dinner-reception in honour of Mr. Gulzar Firoz on his un-opposed election as Vice President, FPCCI in Calton Hotel, Karachi. Mr. S.M. Muneer graced the occasion as Chief Guest. The function attended by Mr. Abid Akber Javed, Chief Executive, Trade Development […]

Read More

Union of Small and Medium Enterprises invites attention of Trade Development Authority of Pakistan to the scope of Agricultural Produce Marketing Act 1939 and the revised Agricultural Produce Marketing Act 2010

May 3, 2013 | General Business News, Misc.

Islamabad, May 03, 2013 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has invited the attention of Abid Ahktar Javed the chief executive officer (CEO) of the Trade Development Authority of Pakistan (TDAP) to the scope of the Agricultural Produce Marketing Act 1939 and the revised Agricultural Produce Marketing Act 2010 and urged him […]

Read More

Anti Narcotics Task Force seizes 278 kgs of heroin

May 3, 2013 | Government Institutions

Karachi, May 03, 2013 (PPI-OT): Anti Narcotics Force in continuation of its war against Narcotics / Drugs recovered huge quantity of Heroin. Anti Narcotics Force, on receipt of information that some international drug traffickers have brought huge quantity of Heroin from Afghanistan and dumped in the area of Junejo Town, Karachi and will try to […]

Read More

National Accountability Bureau to set up three new regions as part of its expansion plan for eradication of corruption and better monitoring of its activities

May 3, 2013 | Misc.

Karachi, May 03, 2013 (PPI-OT): The National Accountability Bureau (NAB) has decided to set up three new regions as part of its expansion plan for eradication of corruption and better monitoring of its activities across the country. This expansion is the part of the programe to reach out to district level and be more responsive […]

Read More

European Union co-sponsors the First Islamabad Literature Festival

May 3, 2013 | Misc.

Islamabad, May 03, 2013 (PPI-OT): European Union cosponsored the first Islamabad Literature Festival. Organized by Oxford University Press, the festival received tremendous public response with more than 15,000 participants attending 35 sessions and 70 leading literature and non-fiction English and Urdu writers interacting with them. Youth in huge numbers marked their appreciation for literary heritage […]

Read More

Muhammad Shiraz appointed chairman Federation of Pakistan Chambers of Commerce and Industry body on liaison with government agencies and Young Entrepreneurs and Youth Affairs

Islamabad, May 03, 2013 (PPI-OT): President FPCCI Mr. Zubair Ahmed Malik has appointed Mr. Muhammad Shiraz, as Chairman and Vice Chairman of FPCCI Standing Committees on ‘Liaison with Government Agencies’ and ‘Young Entrepreneurs and Youth Affairs” respectively, for the year 2013. Mr. Muhammad Shiraz represents Pakistan Kiryana Merchants Association on the Executive Committee of FPCCI. […]

Read More

Prime minister’s address to the nation on May 03

Islamabad, May, 03 2013 (PPI-OT): In the name of Allah the most merciful and beneficent. I am grateful to Almighty Allah for having given me an opportunity to serve the nation and I pray to give the caretaker government the strength to fulfill its responsibility of holding the elections in the country. Ameen. Ladies and […]

Read More

Law Minister meets European Union Election Observation Mission Chief

Islamabad, May, 03 2013 (PPI-OT): Federal Law Minister Ahmer Bilal Soofi had a meeting with Chief Observer of the European Union Election Observation Mission (EU EOM) to Pakistan, Michael Gahler here Friday. Ms Salome Hirvaskoski, Gender and Human Right expert of the EU EOM was also present in the meeting. Speaking on the occasion, the […]

Read More

Petroleum Minister urges concerted efforts to address Energy issues

Islamabad, May, 03 2013 (PPI-OT): Federal Minister for Petroleum and Natural Resources, Sohail Wajahat H. Siddiqui has said that concerted and all out efforts are needed to address the issues of energy crisis faced by the Pakistan’s industry. He said this while chairing a meeting on gas pricing for the fertilizer sector under the Fertilizer […]

Read More