PM lays greater emphasis on higher exports
Prime Minister Imran Khan has directed the Commerce Division to fix targets of export growth as increase in exports is priority of the government.
PM meets businesspeople, orders steps
Prime Minister Imran Khan Monday assured the representatives of business community that the government would unveil a comprehensive policy soon for revival of sick industrial units as well as sales tax adjustment procedure to move the wheels of economy and generate employment opportunities.
MoF upbeat about achieving $24bn target
NA passes key bills
The National Assembly on Monday passed ‘The Banks (Nationalization) (Amendment) Bill, 2020’ for regulatory supervision of all non-banking institutions, including National Investment Trust Limited (NITL), under the regulatory purview of Securities and Exchange Commission of Pakistan (SECP).
Fitch affirms long-term foreign currency IDR at ‘B-’ with a stable outlook
Fitch Ratings has affirmed Pakistan’s long term foreign currency issuer default rating (IDR) at ‘B-’ with a stable outlook.
Minister tells NA
Saudi co to invest $4bn in renewable energy sector
Evasion of sales tax
IR Faisalabad raids premises of two manufacturing firms
FBR launches crackdown on counterfeit cigarette sellers
The Federal Board of Revenue (FBR) Monday launched a crackdown against the traders/businessmen involved in selling of counterfeit cigarettes, but also started nationwide awareness campaign among the traders to avert from selling such non-duty paid items. https://epaper.brecorder.com/2020/01/14/5-page/819817-news.html
Stock brokers voice concern over SECP proposal
SBP governor underscores need for higher exports
State Bank of Pakistan (SBP) Governor Dr Reza Baqir Monday said that there is a need for shifting from ‘inward-oriented’ to an ‘outward-oriented’ economy that puts a greater emphasis on exports to achieve high and sustained growth.
Gold prices down by Rs700
Gold on Monday was traded for Rs 89,600 per tola, down by Rs 700 on the local market, traders said.
Industrialists postpone their protest against SSGC
Industrialists of seven industrial estates have postponed further protest program on the assurance of Sui Southern Gas Company (SSGC) management to take appropriate measures and improve gas supply.
Dull activity seen on cotton market
Leading mills and spinners were on the sidelines on the cotton market on Monday as the ginners did not show any interest in fresh deals in expectations of better profit, dealers said. https://epaper.brecorder.com/2020/01/14/8-page/819836-news.html
PMEX daily trading report
KARACHI: On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,467. https://epaper.brecorder.com/2020/01/14/8-page/819843-news.html
Makers of 4G & 5G mobile sets
Incentives to be announced soon: Dawood
Goods transporters end strike; decision welcomed
Textile exporters have welcomed the end of goods transporters’ strike as it was giving big blow to the export-oriented industry causing delay of inland supplies and export consignments and also incurring billions of rupees loss to the economy.
SECP introduces new regime for securities brokers
Securities and Exchange Commission of Pakistan (SECP) Monday introduced new brokers regime for securities brokers by dividing brokers into three categories i.e. ‘Trading Only’, ‘Trading and Self-Clearing’ and ‘Trading and Clearing’ category with minimum net worth and net capital balance requirements for each of the categories.
Auto industry comes under fire in Senate
The local car industry came under fire in the Senate for assembling vehicles in the name of manufacturing, increasing prices without any checks and failing to maintain safety standards threatening lives of those who drive them.
Auto sector troubles continue as car sales plunge 43pc
The first half of 2019-20 proved highly disappointing for the entire auto sector as car sales plunged by 43.2 per cent to 59,097 units, from 104,038 in same period last year.
Indonesia, UAE sign $23bn investment deals
Indonesia and the United Arab Emirates have struck nearly $23 billion in business deals, including agreements in the energy sector and on infrastructure projects, the Southeast Asian nation said Monday.
Germany, France to push EU to end shredding of male chicks
Berlin and Paris will join forces to end mass shredding of male chicks at the EU level by the end of 2021, agriculture ministers Julia Kloeckner and Didier Guillaume said Monday.
Cotton climbs to over 8-month peak ahead of US-China trade deal
ICE cotton futures rose on Monday, hitting a more than eight-month high, supported by optimism ahead of the signing of a Phase 1 US-China trade deal.
A deeper look into textile industry’s proposals
It is very common for the textile industry to make its proposals for the consideration of government authorities almost on a regular basis.
Food inflation rises to 22pc!
The Sensitive Price Index (SPI) for the first full week of 2020 ending on the 9th of January has been released by the Pakistan Bureau of Statistics (PBS).
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