Important Business News
12th November, 2017
|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.
|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.
|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.
|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.
|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.
|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.http://epaper.brecorder.com/2017/11/12/18-page/681755-news.html
|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.
|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.
|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.
|10.||$52m project launched to reduce poverty
The $52.4 million Balochistan Rural Development and Community Empowerment Programme (BRDCEP) was launched on Saturday.
|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.
|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.
|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.
|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.
|15.||Currency exchange rates