Next general elections: PTI spurns alliance with Musharraf’s party
Pakistan Tehreek-e-Insaf (PTI) was quick to rule out an electoral alliance with the All Pakistan Muslim League (APML) of former military ruler Pervez Musharraf.This came a day after Musharraf urged Pakistanis in an interview to the Indian media to vote the PTI to power in the upcoming general elections.
D-8 meeting begins today in Islamabad
A four-day meeting of the Developing-8 (D-8) countries beginning here today will formulate a strategy to enhance their share in global trade by 15 per cent by 2018. It will be inaugurated by Prime Minister Raja Pervez Ashraf. more... (D)
A word of caution on Sukuk financing
The use of Sukuk is now in vogue. The term itself is a plural for sakk, which in Arabic refers to a note, and is believed to be the origin of the English word cheque. The financial instrument is used in contemporary capital market practices as an investment certificate, note or simply a bond-like instrument, which replicates the economic characteristics of an interest-bearing bond. more... (ET)
Cement manufacturer: Timely investments bring Al-Abbas back to profitability
It is one of the smallest cement manufacturers in the country, but Al-Abbas Cement is determined to become one of Pakistan’s most efficient, investing in new machinery and increasing its capacity utilisation to well-above the market average, a strategy that is already beginning to pay off for the company. more... (ET)
New formula set to cut urea price by Rs 150 per bag
The Ministry of Industries and the fertiliser industry have jointly tailored a new urea price formula, which recommends slashing of Rs68 per MMTBU in Gas Development Surcharge (GDS), 4.7 per cent reduction in GST and provision of 200 MMCFD uninterrupted gas supply to urea plants, which will reduce the price of urea by Rs150 per bag. more... (BR)
Nawaz warns govt against attempts to rig election
The chief of Pakistan Muslim League-Nawaz (PML-N), Mian Nawaz Sharif, has warned the government against any attempt to rig the forthcoming general election and said timely, free and fair election was the pre-requisite for democracy.