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Our Reporter

Salman Abudhoo


Ghee, oil mills shut for indefinite period

By: Salman Abudhoo | February 19, 2012

LAHORE – All ghee and cooking oil mills throughout the country remained closed on Saturday to protest against Karachi’s transport mafia after Friday’s incident in which four ...

Sugar export amidst crushing dangerous

By: Salman Abudhoo | February 08, 2012

LAHORE – The Punjab government has asked Islamabad to revise the decision of exporting sugar, saying that lifting of ban amidst the crushing season is dangerous as it is likely to create ...

Businessmen reject massive raise in POL rates

By: Salman Abudhoo | February 02, 2012

LAHORE – Business community has totally rejected the unjust increase in petroleum product prices and demanded of the government to bring down the rates immediately as the bulk raise is bound to ...

Devolution of drug regulations to raise manufacturing cost

By: Salman Abudhoo | January 02, 2012

LAHORE - The devolution of drug regulations has resulted in serious financial implications as it has increased the input cost of drug manufacturing manifold. While the world is going towards more ...

Lahore market exports fish to over 15 countries

By: Salman Abudhoo | January 02, 2012

LAHORE - The Lahore fish wholesale market is supplying around 100-120 tonnes of fish daily all over the country during winter season. This is the largest market of freshwater fish in Pakistan that ...

Rs 225b payment to cane growers on stake

By: Salman Abudhoo | December 19, 2011

LAHORE - The payment of Rs 225 billion to the sugarcane growers by the millers is now on stake, as the federal government is neither purchasing the surplus sugar stock nor it is allowing the ...

Surplus wheat export in jeopardy

By: Salman Abudhoo | December 18, 2011

LAHORE Pakistan is likely to spoil its surplus wheat owing to its high price as compared to the international market and substandard storage system, losing an opportunity to earn millions of dollars ...

High wheat price to fuel inflation

By: Salman Abudhoo | December 17, 2011

LAHORE - Criticizing the significant increase in wheat support price, the economists have warned the government that this step would increase inflation in the country to over 15 per cent. Noted ...

Major fertilizer plants deprived of gas

By: Salman Abudhoo | December 16, 2011

LAHORE - The PPP-led governments policy of preferential treatment regarding gas supply is causing considerable decrease in the production of fertilizer in the country as the plants having capacity to ...

Severe energy crisis gets even worse

By: Salman Abudhoo | December 15, 2011

LAHORE - Lack of planning, illogical use of available resources and corruption have brought the energy crisis to a critical stage. The government still doesnt have any mechanism to control this ...

Gas power plants switch over to oil

By: Salman Abudhoo | December 14, 2011

LAHORE - The consumption of furnace oil in the country has jumped by 11 percent in Nov, as the power plants, including IPPs, have been forced to switch over to oil for generation of their electricity ...

Sugar retailers minting money despite ex-mill rate down

By: Salman Abudhoo | December 12, 2011

LAHORE - The retailers are not ready to pass on the benefit of low sugar rates to the consumers, as the price of sweetener has plummeted to Rs54 per kg in the wholesale market. Consumers, ...

Enhanced trade with India to help cool inflation: Experts

By: Salman Abudhoo | December 11, 2011

LAHORE There is no need to worry over granting MFN status to India as 1,936 goods are already being imported from the neighbouring country. This was the upshot of the lectures delivered at a seminar ...

Gas cut decreases industrial output

By: Salman Abudhoo | December 09, 2011

LAHORE - The gas loadshedding to the urea plants on SNGPL network continued as fertilizer sector is facing a gas cut of 90mmcfd that may result in a production loss of 90,000 tons during the peak ...

Cement sales to stay flat at 12.42 million tons in 5MFY12

By: Salman Abudhoo | December 08, 2011

LAHORE The total cement dispatches are likely to remain flat at 12.42 million tons during 5MFY12 (July-Nov) compared to 12.54 million tons in corresponding period last year. According to industry ...

Unchanged monetary policy depresses stock market investors

By: Salman Abudhoo | December 05, 2011

LAHORE The unchanged monetary policy by the State Bank kept the stock market investors depressed during the outgoing week. The KSE 100-share index closed at 11,372 points, declining by 276 points or ...

Country set to face worst power crisis

By: Salman Abudhoo | December 04, 2011

LAHORE The country is all set to face the worst power crisis as the water level will be going down in a few weeks, reducing electricity generation from hydel power plants by 2,000-3,000MW. And the ...

Pakistan to miss rice export target

By: Salman Abudhoo | December 01, 2011

LAHORE The country will miss the 4 million tons target of rice export, as the constant power breakdowns has affected the whole chain of rice growers, millers, shellers and exporters, who are unable ...

Textile industry remains shut for three days a week

By: Salman Abudhoo | November 30, 2011

LAHORE - Textile industry continued to remain closed for three days a week, as Sui Northern Gas Pipelines Limited (SNGPL) has suggested a cut in gas supply to the industries in Punjab in the winter ...

Inefficiency main cause of downfall

By: Salman Abudhoo | November 28, 2011

LAHORE Rejecting the privatizations of the public enterprises, the former Punjab Accountant General has suggested the government to restructure PIA, Pakistan Railways and PSM, as there is no use of ...

Institutional profit-taking keeps bourse bearish

By: Salman Abudhoo | November 27, 2011

LAHORE Political uncertainty continued to keep the bourse bearish due to institutional profit-taking ahead of SBP policy announcement next week. The KSE 100-index closed down 2.4 per cent WoW to ...

72pc power hike in 5 months causing meltdown

By: Salman Abudhoo | November 26, 2011

LAHORE The business community and the manufacturers associations, while expressing grave concern over massive jumps in power tariff, have observed that more than 72 per cent hike in electricity ...

Wheat price raise for feudals only

By: Salman Abudhoo | November 25, 2011

LAHORE - The PPP-led government, which has once again increased the wheat support price by Rs100 per maund, has not taken into account the implications it could have on the general public, especially ...

Upcoming monetary policy at crossroads

By: Salman Abudhoo | November 24, 2011

LAHORE The upcoming monetary policy statement (MPS), due on November 30, stands at a crossroads of either to protect the feeble economic recovery or to curb the looming inflationary pressure, ...

Food Dept supplying wheat in substandard bags

By: Salman Abudhoo | November 23, 2011

LAHORE The Punjab Food Department is supplying wheat to the flour mills in substandard and old jute bags, besides charging them high rates as compared to the open market. The Pakistan Flour Mills ...

Pakistan should focus on CARs for trade

By: Salman Abudhoo | November 21, 2011

LAHORE - The Jamat-Ud-Dawa Pakistan, while rejecting the MFN status to India, has suggested the government to focus the central Asia and enhance trade with those Muslim countries, which could become ...

MFN status to ruin agriculture, industry alike

By: Salman Abudhoo | November 20, 2011

LAHORE If the government, by granting MFN status to India, is eager to enhance its imports from the neighbouring country, firstly it should import cheaper fertilisers, diesel and electricity from ...

Chambers oppose FBR bid to enhance revenue

By: Salman Abudhoo | November 19, 2011

LAHORE The Lahore Chamber of Commerce and Industry flayed the FBR bid of enhancing revenue collection terming, the SRO 1012 unjustified, which actually declares levy of 5 percent sales tax on ...

Cement manufacturers profit rises by 107 per cent

By: Salman Abudhoo | November 18, 2011

LAHORE The cement manufacturers quickness to pass on increase in cost to consumers and skill of securing very high margins,have lifted their profitability by up to 107 per cent annually. The cement ...

Misdeclaration at ports costs billions

By: Salman Abudhoo | November 17, 2011

LAHORE - Inefficiencies and corruption at national ports are inflicting billions of rupees of losses to national exchequer as many importers of various goods are exploiting loopholes in import policy ...

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