Important Business News 10th February, 2020

 

S.# Description Pg # Source
1.

Embittered PM starts arm-twisting MoE

Prime Minister Imran Khan has reportedly started arm-twisting Ministry of Energy – Petroleum Division and Power Division – to pass on all efficiencies of power and gas sectors to the end consumers, well informed sources told Business Recorder.

https://epaper.brecorder.com/2020/02/10/14-page/824103-news.html

1 Business Recorder
2.

PM vows to bring down rising inflation

Finally Prime Minister Imran Khan has said that the government will announce the measures to be taken to reduce prices of basic food items after a federal cabinet meeting scheduled for tomorrow (Tuesday).

https://epaper.brecorder.com/2020/02/10/14-page/824104-news.html

1 Business Recorder
3.

CCP analyzing data of sugar sector

After imposition of maximum penalty of Rs 75 million on Pakistan Flour Mills Association (PFMA), the Competition Commission of Pakistan (CCP) is analyzing data of sugar sector to ascertain whether sugar mills are involved in collusive practices or cartelization.

https://epaper.brecorder.com/2020/02/10/14-page/824099-news.html

1 Business Recorder
4.

Equities under severe pressure

Pakistan Stock Exchange remained under severe pressure during the outgoing week due to heavy selling in almost all sectors.

https://epaper.brecorder.com/2020/02/10/14-page/824106-news.html

1 Business Recorder
5.

WEEKLY COTTON REVIEW

No business in market as price remains stable
The prices of cotton remained stable. There was almost no business in the market. The organizations related to agriculture and economy asked the government to take practical steps to increase the production of cotton.

https://epaper.brecorder.com/2020/02/10/10-page/824066-news.html

 

13 Business Recorder
6. CPEC: the ball is in Pakistan`s court

CHINA asserts that it is not wavering from its commitment to assist Pakistan in the second, people-centric phase of the ChinaPakistan Economic Corridor (CPEC).

https://epaper.dawn.com/DetailImage.php?StoryImage=10_02_2020_601_006

1 Dawn Business & Finance
7.

The week as the visiting International Monetary Fund’s performance review concludes, top officials of the Federal Board of Revenue deny all talk of a mini-budget to bridge the shortfall in the revenue collection posted in the first two quarters of this fiscal year.

1 Dawn Business & Finance
8. Performance, perception deficit

 THE government appears trying to generate hopes about the future as it comes under criticism from all sides over the tough present economic conditions and public unrest. The response, however, appears cosmetic and restricted to promises.
1 Dawn Business & Finance
9. Dealing with bad loans is a tough job

AT the end of September 2018, non-performing loans (NPLs) of the banking sector stood at Rs636.7 billion. One year on, the amount swelled to Rs758.1bn. An increase of Rs121.4bn or 19 per cent in bad loans over a year is alarmingly high and worth probing.

https://epaper.dawn.com/DetailImage.php?StoryImage=10_02_2020_602_001

2 Dawn Business & Finance
10. Edible oil needs attention

EVERY year, Pakistan spends three to four billion dollars on the import of crude edible oils and oilseeds. Increased local production of oilseed crops and the improved working of the domestic edible oil refining industry can help reduce this huge import bill.

https://epaper.dawn.com/DetailImage.php?StoryImage=10_02_2020_602_003

2 Dawn Business & Finance
11. Battling poverty amid economic slowdown

UNDER mounting political pressure, Prime Minister Imran Khan is rebranding, revamping and expanding social safety nets for the poor hit by the ongoing stability programme and economic downturn.

https://epaper.dawn.com/DetailImage.php?StoryImage=10_02_2020_602_004

2 Dawn Business & Finance
12. Currency exchange rates

 

Countries

 

U.S.

U.K

EURO

CHINA

SAUDIA ARABIA

Symbol

 

$

£

¥

﷼, SR

Rates

 

154.60

200.00

170.00

22.17

41.20

7 Business

Recorder

 

 

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