ISLAMABAD (September 08, 2010): Prime Minister Yousaf Raza Gilani fears that inflation will touch 20 percent, against the target of 9.5 percent, during the current fiscal year due to unprecedented flood damage on all productive sectors of the economy, according to official documents available with Business Recorder. The budget deficit for 2010-1,1 prior to the crop damage and its impact on food supply, was estimated at 4.5 percent of GDP.

LAHORE (September 08, 2010): Punjab Board of Investment and Trade (PBIT) has been soliciting funds and donations from its partners and facilitated companies in other countries. Among the facilitated companies, Azur Solar from Germany has shown deep interest in fund raising for flood victims in Pakistan.

ISLAMABAD (September 08, 2010): Sindh has suffered Rs 446.8 billion loss on account of damage to various sectors of the economy, and the bad news is that it might not be able to even plant the 'Rabbi' crops in standing water. "The situation is that water is not receding in the affected areas of the province, and might remain in the cropping areas for quite some time" said Dr Kaiser Bengali, advisor to Sindh chief minister for planning and development, here on Tuesday at a news conference.

ISLAMABAD (September 08, 2010): New Annual Policing Plan 2010-11 for Islamabad Police has been developed to help eliminate terrorism and crime from the Capital, besides revamping the policing system, efficient management of resources, improvement in police and community relationship and making Islamabad a safer city by maximising police efficiency.

KARACHI (September 08, 2010): The key challenge to the development of industrial estates in Sindh is governance, according to a recent Asian Development Bank (ADB) report that examined Sindh's public enterprises. The report concluded that there are 'systematic problems, ranging from weak governance, poor financial performance, and operational inefficiency'.

KARAHCI (September 08, 2010): Industrialists have expressed fear that the cost of transportation of goods would go up due to increase in diesel prices by Rs 1.57 per litre. They said that the country is already witnessing another spell of economic slowdown due to floods, high cost of manufacturing, and ever increasing power and gas tariffs.

LAHORE (September 08, 2010): The PIAF-Founders Alliance will continue to supplement the government efforts aimed at bringing country out of present day economic logjam. The team leader of the LCCI Associate Class Sohail Lashari expressed these views while talking to a businessmen delegation from Circular Road here on Tuesday. The Alliance Associate Class candidates Muhammad Yousaf Shah, Fahim-ur-Rehman, Ilyas Majeed Sheikh and Mian Maqsood Ali were also present on the occasion.

LAHORE (September 08, 2010): With a view to ensure transparency in the distribution of relief goods and the collection of donations, the Lahore Chamber of Commerce and Industry on Tuesday placed all the details on its website.

KARACHI (September 08, 2010): At this year's IFA in Berlin, LG Electronics (LG) will unveil 'LEX8', the next generation of flat panel televisions featuring NANO Lighting Technology which will redefine the meaning of "clarity' In FULL LED TVs. The LEX8 NANO FULL LED TV pushes the boundaries of viewing pleasure with Its NANO Lighting Technology, producing IC's brightest, clearest and smoothest picture yet.

KARACHI (September 08, 2010): The Karachi Port handled 137,382 tonnes of cargo including 98,763 tonnes of import cargo, 38,619 tonnes of export cargo, 6,061 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 98,763 tonnes comprised of 43,854 tonnes of containerised cargo; 21,126 tonnes of bulk cargo: 11,855 tonnes of coal; 2,869 tonnes of MAP; 2,753 tonnes of DAP; 3,649 tonnes of rape seeds and 33,783 tonnes of oil/liquid cargo.