Tuesday, May 01, 2012, Jumada Al-Akhir 10, 1433
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Business & Finance
CGT ordinance an opportunity for IPOsAmanullah Khan Karachi—Zafar Moti Director Karachi Stock Exchange has said that the timely promulgation of the Ordinance has saved the stock market from a total crash on the back of heightening political noise on the issue of Prime Minister’s case in the Supreme court as well as worsening law and order situation at a massive scale in Layari.
NBP meets 1250 online branches targetAmanullah Khan Karachi—National Bank of Pakistan has achieved yet another milestone of upgrading 1250 branches across the country with on-line facility. In a major achievement, National Bank of Pakistan has converted its 1250 branches online out of its countrywide network of 1270 branches. In a short span of 10 months NBP’s IT Division was able to meet this uphill task set by Bank’s management.
International LPG price dipsStaff Reporter Karachi—The international price (Saudi Aramco Contact Price) of liquefied petroleum gas (LPG) has been declined by $ 124 to $ 869.50 per ton for May 2012, creating hopes for a price cut in the domestic market. This was stated by the pattern-in-chief of All Pakistan LPG Distributors Association and chairman FPCCI Standing Committee on LPG Abdul Hadi Khan here on Monday.
LCCI urges govt to honour commitment of 5-day gas supplySalim Ahmed Lahore—The Lahore Chamber of Commerce and Industry Monday strongly reacted to SNGPL’s failure to honour its commitment regarding five days a week supply of gas to the industry in Punjab and urged the authorities to fulfill their promise. The LCCI President Irfan Qaiser Sheikh said that it was beyond the understanding of the business community that instead of ensuring of supply of gas to the industry in Punjab five days a week, a notification was issued that gas will be supplied for four days only.
Philips raises awareness on management of asthmaStaff Reporter Karachi—Philips Respironics is the leading provider of innovative solutions in the field of respiratory diseases management. In Pakistan, the company is working towards encouraging better management of asthma through leveraging World Asthma Day on 1 May, 2012. World Asthma Day is organized by the Global Initiative for Healthcare and aims to raise awareness about asthma and improve asthma care worldwide. Philips wholly supports this year’s asthma-day theme, “You Can Control Your Asthma” encouraging patients to control their disease with proper diagnosis, education and treatment.
Government to establish oil refinery in KPKIslamabad—In an apparent bid to reduce the inland freight and to bring investment in petroleum sector, ministry of petroleum and natural resources has decided to establish first oil refinery in the Khyber Pakhtoonkhwa. Well placed sources in the ministry told that Pakistan State Oil (PSO) has showed its interest to install oil refinery in the province while provincial government of Khyber Pakhtoonkhwa would provide land for the project.Circular debt renders thermal plants under utilizedKhalid Butt Lahore—New and efficient thermal plants are being utilized at less than half capacity due to notorious circular debt and non-payment by the government, resultantly the IPPs are bearing much higher cost for power generation. According to industry sources, delayed payment charges are being incurred by power purchaser due to delayed payment to IPPs, hence increasing the generation cost of electricity which can be reduced by timely payments to all IPPs.
Supply chain conference 2012 on May 8-9Staff Reporter Karachi—Supply Chain Association of Pakistan (SCAP) is organizing ‘The Supply Chain Conference [SCC 2012]’ in Karachi on May 8th & 9th, 2012 at Karachi Marriott Hotel. The conference is co-organized by TerraBiz. This year’s conference theme is ‘Improving Business Productivity through Excellence in End to End Supply Chain Management’.
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