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News for Wednesday, 28 Dec 2011

Chairman APTMA concerned over textile export decline

Chairman All Pakistan Textile Mills Association (APTMA) has expressed deep concerns over alarming decline in textile exports during November 2011 due to energy shortage and high interest rate. He said...

Cement prices continue to soar

A growth of 3.54 per cent YoY in cement volumes during 5MFY12 may not get the investors too excited. However, 38-39 per cent YoY jump in net retention prices in...

Lucky Cement earns carbon credits

Through its Waste Heat Recovery (WHR) Project, - a power generation unit that does not require any external fed fuel to operate and uses the wasted heat from the system...

500k tonnes wheat to be sold at Rs950 per maund

Punjab government has given approval to the sale of half-million tonnes of wheat at Rs950 per maund, during January. It was disclosed that through the sale of wheat present in...

E-banking transactions mount to Rs12 trillion

The value of e-Banking transactions aggregated to Rs12 trillion during the second half of FY11 showing an increase of 19.0 per cent as compared to the first half of the...

OGDCL inefficiency results in $2 billion loss

After learning that the state owned Oil and Gas Development Company Limited (OGDCL) has incurred $2 billion just on renting rigs and for data processing equipment during the last two...

Prime Minister approves USF projects in Balochistan and Sindh

The meeting of the board of Universal Service Fund (USF) presided over by the Prime Minister Syed Yusuf Raza Gilani on Wednesday approved two projects to provide basic telephony and...

‘Black year’ for agriculture

Identifying rock-bottom stage is tricky enterprise, hence age-old wisdom that “no matter how bad things are, they can always get worse”. But when a chronically stagflated economy’s largest employing and...

SNGPL question

This is with regards to the interview, ‘Addressing the gas dilemma’, published yesterday. I had the opportunity of reading the interview with MD SNGPL, Arif Hameed. The writer has not...

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