TMA HEAD OFFICE
NEWS CLIPPINGS
DATE 26-04-2014
DAWN NEWS
Govt’s move to set up Land Port Authority
ISLAMABAD: With a delay of more than three months, Finance Minister Ishaq Dar on Friday convened the first
meeting of high-powered committee to set up Integrated Transit Trade Management System (ITTMS) at border
customs stations to facilitate trade with neighbouring countries.
‘Punjab to introduce new cotton seeds
LAHORE: The Punjab government is considering introducing new cotton seeds with the help of Monsanto through
which cotton production in the country will jump to 26 million bales from 13 million bales, a statement said quoting
an official, as saying,
Private sector happy with Nawaz’s economic policies
LAHORE: Despite that things are not running smooth for this government it keeps hopes of economic revival alive,
a fact much appreciated by the private sector.
Five percent duty imposed on cotton yarn import
The government has imposed five percent custom duty on the import of cotton yarn following a massive increase in
the import of cotton from India during the current fiscal year. Sources said the Economic Co-ordination Committee
of the Cabinet was informed that cotton yarn import rose to 9.2 million bales during July- February 2013-14
compared to the same period of last fiscal year.
Uch-II Power Plant inaugurated: power shortages to be overcome in three years:
Prime Minister
Prime Minister Muhammad Nawaz Sharif on Friday said the electricity shortages in the country would be overcome
in three years. "
Transit trade through land, sea ports: FBR directed to develop integrated master
plan
The Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired the first meeting of the Steering
Committee on Integrated Transit Trade Management System (ITTMS) here on Friday.
Bank holiday
The State Bank of Pakistan and all banks will remain closed on May 1 (Thursday) on account of ''Labour Day'' as
declared by the Government of Pakistan.
EU envoy meets chief minister Punjab
A delegation led by Ambassador of European Union Lars Gunnar Wigemark met Punjab Chief Minister Muhammad
Shahbaz Sharif.
Punjab plans to introduce new cotton Seeds
Punjab Government is considering introducing new cotton seeds with the help of Monsanto through which cotton
production in the country would jump to 26 million bales from 13 million bales.
SPI inflation up 9.88 percent YoY
The weekly Sensitive Price Indicator (SPI) inflation surged by 9.88 percent during the week ended April 24, 2014,
reflecting an increase in prices of some essential commodities.
Punjab textile mills: SNGPL increases supply to eight hours a day
The SNGPL has increased gas supply to the Punjab-based textile industry to eight hours a day from six hours a day
earlier. However, the frequency of gas supply would yet be restricted to twice a week.
Stock lying in ginneries: textile ministry asked to submit report on unsold cotton
Federal government has asked the Ministry of Textile to submit the report of unsold stock of cotton lying in
ginneries, its quality and market value and called the recommendations and proposals from the ministries of
finance, textile industry and commerce for the disposal of this stuck-up stock.
Indian rupee gains
The Indian rupee posted its biggest single-day gain in a month and a half on Friday, snapping a three-session
falling streak as good dollar sales by custodian banks and two large corporates helped offset greenback demand
seen from oil importers.