Tag Archives: Raise

China, India agree to raise trade to $100bn

China, India agree to raise trade to $100bn

NEW DELHI – After holding delegation-level talks on key security and strategic matters, Chinese Prime Minister Wen Jiabao and his Indian counterpart Prime Minister Manmohan Singh issued a joint communique which showed that both the nation agreed to raise bilateral trade to $100 billion by 2015, step up investments and permit banks of other countries to open branches and representative offices.
The two sides also decided to reduce the trade deficit, which is in favour of China,

Rising cost of coal set to raise cement prices

KARACHI: A likely rise of eight percent in international coal prices due to supply concerns will encourage local manufacturers to raise their prices. Coal is an essential raw material in cement production. This rise comes at a time when there is a 12 percent monthly decline in domestic cement sales in November.
The international coal prices have shot up to $117 per tonne recently since December 1, due to supply concerns arising due to floods in Australia, the world’s biggest

Shujaat to raise Fakhri’s missing son issue in senate

LAHORE: Pakistan Muslim League (PML-Q) President Senator Chaudhry Shujaat Hussian has announced that PML-Q will raise the issue of the missing Ali Ayaz Fakhri, son of the prominent artist Jameel Fakhri, in the senate while talking to reporters at Jameel Fakhri’s residence.
He urged the government to take immediate measures for the recovery of Ali Ayaz, who has been missing in the United States for 20 months, and suggested that Pakistani Ambassador in the US Hussian Haqani needed

DHA elections raise residents’ hopes of participatory decision-making

LAHORE: How will the new DHA Residents’ Association solve residential problems and increase the say of residents in DHA administrative matters is the question residents are asking with the DHA Residents’ Association 2011-2013 elections scheduled for December 5 (Sunday).
With electioneering at full throttle, DHA is set for free, fair and impartial elections with 6,000 members of the association expected to actively participate. Election Commissioner Group Captain Tayyab Siddiqui

LHC directs govt to raise Facebook issue on int’l forums

LAHORE: The Lahore High Court on Monday directed federal government to raise at international forums the issue of hosting blasphemous material against prophet Muhammad (PBUH) and Holy Quran on Facebook and other websites. Justice Ijaz Ahmed Chaudhry passed the instructions directing ministry of foreign affairs and ministry of information technology to submit a detailed report till next date of hearing about the steps taken to stop display of derogatory contents against Islam on

GST will raise poultry prices by 40pc

LAHORE: Prices of poultry products would surge by around 30 to 40 percent after imposition of reformed General Sales Tax (GST), stakeholders of the industry told Pakistan Today on Monday.
Though the government has exempted chicken and egg from the reformed GST, it did not grant relaxations on poultry feed, which would eventually augment the input cost of the poultry farmers, they added.
Prime Minister Yousaf Raza Gilani has granted a relaxation to the industry and

Military to raise India UNSC seat issue with Petreaus

ISLAMABAD: The military leadership, perturbed over the US’s endorsement of India’s bid for a permanent seat at the UN Security Council, will raise this issue with General David Petreaus, commander of American and allied forces in Afghanistan, arriving in Pakistan on Thursday.
The government has already conveyed its annoyance over the US move to Washington through diplomatic channels but the country’s military brass will also take up this issue with the US military authorities

Pakistan aims to raise Rs 80b from Islamic bond

KARACHI: Pakistan plans to raise Rs 80 billion ($932 million) by selling Islamic bonds in the domestic market next month, the State Bank of Pakistan said on Friday, as the government seeks to cut its fiscal deficit.
The issue, titled the Government of Pakistan Ijara Sukuk, will be a three-year bond. In the first auction on November 8, the government aims to raise Rs 40 billion, with settlement on November 15. A second auction will be held on December 13 to raise the remaining Rs

‘Media must help the raped to raise voice’

LAHORE: War Against Rape (WAR) Lahore, lawyers and journalists held a discourse, at WAR’s office in Lahore on Tuesday, aiming at bringing about recommendations to tackle the issue of rape.
The issue of rape was not limited to women and girls only as boys had also been targets in many cases. Therefore one of the matters discussed was that laws against incest were not broad enough and did not protect children to the extent that they should, Sidra Humayun spoke on behalf of WAR.

Standard Chartered to raise $5.3 billion in rights offer

HONG KONG/LONDON: Asia-centric bank Standard Chartered launched a $5.3 billion (3.4 billion pound) rights issue to bolster its finances for new capital rules and provide the firepower to take advantage of growth opportunities, it said.
The bank said it made record profits and income in the third quarter and for the first nine months of the year. Income in the third quarter rose faster than in the first-half and trading volumes were almost back to levels of before the financial

Indonesia to raise tax on tobacco

JAKARTA: Indonesia plans to raise its tobacco excise tax by five percent next year to help meet state revenue targets, a senior official said Wednesday.
The country has one of the highest smoking rates in the world, as 60 percent of the men are estimated to smoke along with a “disturbing” number of children, according to the Asia Pacific Association for the Control of Tobacco (APACT).
Finance ministry official, Agus Supriyanto told Dow Jones Newswires that the excise tax

India to raise $3.5 bln from Coal India IPO

NEW DELHI: The Indian government will raise up to $3.5 billion from a price band of 225 rupees to 245 rupees for state-run Coal India’s initial public offering, the largest in the country’s corporate history.
The Indian government is selling 631.6 million shares, or 10 percent stake in the world’s largest coal miner. The share sale is part of the country’s plan to divest its stakes in roughly 60 companies over the next few years.
“I think the pricing is much better than