Important Business News 12th to 13th March 2017


12 March 2017

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Jul- Feb trade deficit widens to $20.20bn

Pakistans trade deficit widened to $20.20 billion during the first eight months (July-February 2017) of the current fiscal year, up by 34.33 percent from $15.039 billion for the same period a year before, according to Pakistan Bureau of Statistics (PBS).Provisional trade data released by the PBS showed a decline of 3.9 percent in exports during July-February 2017 with exports contracting to $13.318 billion in the first eight months of the current fiscal year as compared to $13.859 billion for the same period of last fiscal year.

http://www.brecorder.com/2017/03/12/338969/jul-feb-trade-deficit-widens-to-2020bn/

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FBR to grant tax exemption to Gwadar projects

The Federal Board of Revenue (FBR) has decided to grant exemption of taxes for projects related to Gwadar, including Gwadar International Airport, under China-Pakistan Economic Corridor (CPEC) project. http://fp.brecorder.com/2017/03/20170312153281/

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Trade war will only bring ‘pain’: China

China on Saturday warned the US against launching a trade war, saying that both countries would suffer if US President Donald Trump follows through on his threats.

http://epaper.brecorder.com/2017/03/12/1-page/856971-news.html

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18th Amendment not implemented in true spirit: Rabbani

Senate Chairman Mian Raza Rabbani Saturday regretted that 18th Constitutional Amendment has not been implemented in its true spirit to ensure provincial autonomy and empower the Council of Common Interests (CCI) with a view to strengthening the federation. http://epaper.brecorder.com/2017/03/12/1-page/856965-news.html

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Traders urged to explore business opportunities in Belarus

http://epaper.brecorder.com/2017/03/12/2-page/856991-news.html

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Undermining the spirit of WTO

http://epaper.brecorder.com/2017/03/12/16-page/857128-news.html

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Pakistan can pay off entire debt with money in Swiss banks: PIAF

http://epaper.brecorder.com/2017/03/12/5-page/857014-news.html

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Overseas Pakistanis making serious efforts for country’s development :OPS

Chairman Overseas Pakistan Solidarity (OPS) Malik Javaid Ahmed said expatriate Pakistanis are making serious efforts for the solidarity, development and prosperity of Pakistan. He said that from the platform of OPS, they have started practical efforts to help Pakistan in the resolution of its social problems in addition to attracting maximum Foreign Direct Investment (FDI) for Pakistan.

http://epaper.brecorder.com/2017/03/12/5-page/857015-news.html

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13 March 2017

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Centre yet to release funds for Foreign Affairs, Textile industry

http://epaper.brecorder.com/2017/03/13/3-page/857198-news.html

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Rising debt of SOEs

The accumulation of debt of state-owned entities (SOEs) continues unabated and State Bank of Pakistan’s Statistical Bulletin March 2017 indicates that Rs 168.5 billion was added to this debt in one year – 2016 – giving a grand total of Rs 628 billion by December 2016. http://epaper.brecorder.com/2017/03/13/16-page/857343-news.html

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Restaurants invoice monitoring system launched in Faisalabad

Under the joint arrangements of the Punjab Revenue Authority(PRA) and the Punjab Information Technology Board(PITB), the Restaurants Invoice Monitoring System (RIMS) has been launched in Faisalabad for which 42 restaurants in Faisalabad are paying sales tax under RIMS by February, 2017.

http://epaper.brecorder.com/2017/03/13/5-page/857224-news.html

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Best regards,


Information Department,
Faisalabad Chamber of Commerce & Industry,
Tel: +92-41-9230265-67 EXT. 218 / 231
Fax: +92-41-9230270
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