Important Business News 12th November, 2017

Important Business News

12th November, 2017

S.# Description Pg # Source
1.       CAA held responsible for PIA’s woes

Civil Aviation Authority (CAA) has reportedly been grilled in the federal cabinet meeting for allegedly inking anti-PIA interests Air Services Agreements (ASA) and failing to act as an independent regulator as well as hurting the national flag carrier’s financial interests, well informed sources told Business Recorder.


1 Business Recorder
2.       Oil, gas output: Ministry unable to provide real-time data to Sindh, KPK

The Ministry of Energy (Petroleum Division) has expressed its inability to provide real-time data on oil and gas to the provinces, subsequent to a request by Khyber Pakhtunkhwa (KP) and Sindh, on technical grounds, prompting the provinces to raise the matter in the Council of Common Interests (CCI) meeting scheduled to be held on Monday (tomorrow), sources revealed.


1 Business Recorder
3.       US congress approves $700m under CSF

The US Congress has given green signal to release around 700 million dollars under the umbrella of Coalition Support Fund, a reimbursement amount for Pakistan on its continued support of US operations in Afghanistan.


1 Business Recorder
4.       LNG indispensable to bridge demand-supply gap of natural gas: SSGC

Amin Rajput, Acting MD, Sui Southern Gas Company (SSGC) has said that LNG is the fuel of the future and its availability is indispensable to bridge the demand-supply gap of natural gas as well as overcoming energy crisis in the country. In this regard, he said, SSGC has developed the requisite pipeline infrastructure for transmitting RLNG volumes to the consumption nodes in the northern part of the country.


2 Business Recorder
5.       PAJCCI calls for segregation of trade from political, military tension

Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has called for the segregation of Pak-Afghan trade from political and military tensions, though, establish strong security measures that are vital for stabilization and sustainability of both the countries without compromising upon the sentiments of the business community across the border.


4 Business Recorder
6.       SECP disposed 502 cases of cos’ dissolution
The Securities and Exchange Commission of Pakistan (SECP) has disposed of 502 cases of dissolution of companies during 2016-17 including 496 companies struck off from the register of the Commission.


18 Business Recorder
7.       Increased cost of doing business hurting exports: PIAF

The Pakistan Industrial and Traders Associations Front (PIAF) has said that the cost of doing business has increased manifold, leading to constant decline in exports due to the flawed policies of the government.


5 Business Recorder
8.       Cotton market: Business activity down on cautious buying

Business activity slowed down on the cotton market on Saturday as mills adopted cautious attitude towards new deals, dealers said.


14 Business Recorder
9.       Eight districts account for over 3m male-female voters gap

With Lahore in the lead, eight districts in the country account for a gap of over three million between the numbers of male and female voters more than one fourth of the difference of slightly over 12m in all 136 districts.


1 Dawn
10.    $52m project launched to reduce poverty

The $52.4 million Balochistan Rural Development and Community Empowerment Programme (BRDCEP) was launched on Saturday.


5 Dawn
11.    MoUs signed at trade fair

Several memorandum of understandings (MoUs) and joint ventures were signed on the sidelines of the Expo Pakistan at the Karachi Expo centre on Saturday.
Several B2B (business-to-business) meetings were also held between local and visiting foreign delegates with many maturing into MoUs and proposals for entering into joint venture.


10 Dawn


12.    Exports to Tajikistan dip on tariff restriction

Pakistan`s exports to Tajikistan plunged 40 per cent owing to tariff restrictions and non-availability of cost-effective transportation system.


10 Dawn
  International Business News    
13.    OPEC opens door to US-Asia trade for battered crude oil

Cuts in OPEC output that have led to a surge in US oil exports to Asia may prove a godsend for struggling global shippers, driving rates for large crude shipments to China, India and other major oil importers sharply higher over the next year.


15 Business Recorder
14.    Trans-Pacific  trade deal advances without US

Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of multilateral trade pacts after US President Donald Trump ditched the TPP early this year in favour of an “America First” policy he believes would save US jobs.


1 Business Recorder
15.    Currency exchange rates









Selling TT&OD






Buying TT Clean






Buying OD/T.CHQ






7 Business Recorder



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