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Stabilisation weighs heavily on activity: WBPakistan’s GDP growth rate is projected to bottom out at 2.4 percent in fiscal year 2019-20 and 3 percent in 2020-21 as macroeconomic stabilization efforts weigh on activity, says the World Bank (WB). https://epaper.brecorder.com/2020/01/10/1-page/819192-news.html |
1 | Business Recorder | |||
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Rs30bn earmarked for ‘Hunarmand Pakistan’: PMThe Prime Minister on Thursday said that the government has earmarked Rs 30 billion for ‘Hunarmand Pakistan’ and in the first phase Rs10 billion would be utilized. Under the program, he added that skill training would be provided to 0.5 million youth while 175,000 youth to be provided training in the first phase. https://epaper.brecorder.com/2020/01/10/1-page/819200-news.html |
1 | Business Recorder | |||
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Policy measures start paying offMoF sees recovery towards the end of FY20 https://epaper.brecorder.com/2020/01/10/1-page/819193-news.html |
1 | Business Recorder | |||
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Some NAO sections against Shariah laws: CCIThe Council of Islamic Ideology (CII) has termed forced conversions unconstitutional as well as against the teachings of Islam. https://epaper.brecorder.com/2020/01/10/1-page/819197-news.html |
1 | Business Recorder | |||
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Financial adviser short-listed for HEC transactionPrivatization Commission (PC) has short-listed consortium of Bridge Factor & National Bank of Pakistan (NBP) as Financial Advisor for transaction of Heavy Electrical Complex. https://epaper.brecorder.com/2020/01/10/1-page/819199-news.html |
1 | Business Recorder | |||
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LHC dismisses petitions of registered Tier-I retailersLahore High Court (LHC) has dismissed petitions of registered retailers, falling under the category of Tier-I (big retailers), against computerized integration of retail invoicing with the Federal Board of Revenue (FBR) system. https://epaper.brecorder.com/2020/01/10/1-page/819202-news.html |
1 | Business Recorder | |||
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Changes in turnover tax rateLeading sectors’ traders to meet tax authorities on 13th https://epaper.brecorder.com/2020/01/10/3-page/819221-news.html
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3 | Business Recorder | |||
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Forex reserves up $3.4mThe country’s total liquid foreign exchange reserves slightly increased by $3.4 million to stand at $18.085 billion at the end of last week ended January 3, 2020. https://epaper.brecorder.com/2020/01/10/5-page/819240-news.html |
5 | Business Recorder | |||
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Minister informs NA about CPEC projectsMinister for Planning, Development and Special Initiatives Asad Umar has said that total cost of CPEC projects including ML-1 Railway project is approximately $ 50 billion out of which 13 projects at estimated cost of $ 11 billion are complete, 13 projects at cost of $ 18 billion are under implementation, whereas $ 21 billion projects are in pipeline. https://epaper.brecorder.com/2020/01/10/20-page/819383-news.html |
20 | Business Recorder | |||
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SBP Banking Services Corporation (Amend) Bill introduced in NAPakistan Tehreek-e-Insaf (PTI) government has introduced “The SBP Banking Services Corporation (Amendment) Bill, 2020” in the National Assembly, which states that any action done in good faith of the State Bank and its directors or officers cannot be challenged in any court. https://epaper.brecorder.com/2020/01/10/20-page/819382-news.html |
20 | Business Recorder | |||
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Stock surge by 1, 165 pointsThe Pakistan Stock Exchange settles above the 42,000 mark as tensions between Iran and United States simmer down following President Donald Trumsp’s reconciliatory speech. |
1 | Dawn | |||
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Talks resume between FBR and tradersFederal Board of Revenue (FBR) top tax officials on Thursday met with traders` representatives to review progress on the agreement towards implementing CNIC condition on sale and purchase of goods from Feb 1.https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_001 |
10 | Dawn | |||
13. | Tractor sales plunge 40pc
Owing to persistent depressed demand the tractor sales plunged to 15,200 units during the first half year of 2019-20 from 38,000 units in the same period last year. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_007 |
10 | Dawn | |||
14. | SBP reserves rise to $11.5bn
Foreign exchange reserves held by the State Bank of Pakistan (SBP), during the week ending Jan 5, rose to 21-month high increasing by $14.3 million to $11.503 billion, reported the bank of Thursday. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_005 |
10 | Dawn | |||
15. | Stocks rally 1,165 points as US-Iran tensions ease
Investors who had run to take cover following Iran`s missile attacks on US bases in Iraq on Wednesday, rushed back to the market on Thursday after a highly unexpected reconciliatory code struck by US President Donald Trump in his speech the night before. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_002 |
10 | Dawn | |||
16. | Panic buying on cotton market
The cotton prices on Thursday moved higher on panic buying from spinners amid fears of an expected short crop. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_011_002 |
11 | Dawn | |||
International News | ||||||
17. | World Bank sees uptick in global growth, but warns of trade risks
The World Bank says the global economy should see a modest rebound in growth this year. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_003 |
10 | Dawn | |||
18. | Indian import curbs to start palm oil price war
India`s restrictions on imports of refined palm oil will lead to a loss of market share for Malaysia and spark a price war with rival supplier, Indonesia, a Malaysian industry association said on Thursday. https://epaper.dawn.com/DetailImage.php?StoryImage=10_01_2020_010_004 |
10 | Dawn | |||
19. | Currency exchange rates
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9 | Business
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