Dar forms bodies on easing of doing business, broadening tax base – 04:00 PM – May 25, 2015
Federal Minister for Finance Senator Ishaq Dar has constituted committees to improve Pakistan’s rating on ease of doing business index as well as broadening of tax base.
The committee on ease of doing business will review Pakistan’s ranking of ease of doing business by the World Bank. It will strive to develop a comprehensive plan for components of doing business indicators and other investment climate areas. The committee is also to advise government on implementation of doing business reforms besides assisting in any other task assigned by the finance minister.
IEP for allocation of funds for dams in budget 2015-16 – 03:05 PM – May 25, 2015
The Institution of Engineers Pakistan has expressed hope that the government will keep its focus on resolving the energy crisis and allocate maximum funds for the construction of big dams including Kalabagh Dam in upcoming budget 2015-16.
IEP Lahore Centre Chairman Captain (r) Syed Khalid Sajjad, while presenting a lecture here at IEP, said that policymakers would have to address the concerns of the public since they suffer the most as a result of the power crisis.
COUNTRY WIDE WEATHER FORECAST FOR NEXT 24-HOURS – 12:15 PM – May 26, 2015
Mainly hot and dry weather is expected over most parts of the country. However, thundershower with dust storm at scattered places is expected over Malakand, Hazara, Gilgit-Baltistan, Kashmir, Islamabad , Gujranwala, Sargodha divisions and thundershower with dust storm at isolated places is expected over Peshawar, Kohat and Lahore divisions.
Wheat Procurement update – 01:40 PM – May 26, 2015
The National Assembly Standing Committee on National Food Security has recommended the government to increase wheat procurement target of Pakistan Agricultural Storage and Services Corporation (Passco).
Wheat Procurement update – 11:40 AM – May 26, 2015
Scores of farmers from Mamu Kanjan and Kanwani on Monday staged a protest demonstration against the administration Mamu Kanjan Wheat Procurement Centre for failing to provide them gunny bags.
Pakistan Sugar market: Both, Punjab & Sind prices were decreased yesterday 25/5/2015 Apparently due to profit taking activities and also because of some correction occurring which resulted in excess buying but still bullish factors persist in the domestic market; said by market sources.
LIFFE White Sugar# 5 Future Contracts Closing – 10:30 AM – May 26, 2015
Pakistan Cotton Market Overnight Commentary – 11:30 AM – May 26, 2015
The local market yesterday remained very slow. Trading activities were on the lower side pillung down the spot rate to Rs 5450 form Rs5500. The whole industry is very worried about the Gas Infrastructure Development Cess, they said that the government has to revise these policies as cost of doing business has become very high. Business took place between Rs.5175 and Rs5700 according to reports.
NYBOT Cotton Future Contracts Closing – 09:35 AM – May 26, 2015