Important Business News 15th October, 2019

Important Business News

15th October, 2019

 

S.# Description Pg # Source
1.

Trio wins economics Nobel for fighting poverty

US-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize on Monday for work in fighting global poverty that has helped millions of children by favouring practical steps over theory.

https://epaper.brecorder.com/2019/10/15/1-page/805487-news.html

01 Business Recorder
2.

Mahathir’s criticism of India’s Kashmir action

Indian buyers slash Malaysian palm oil purchases

Indian refiners have stopped buying Malaysian palm oil for shipment in November and December fearing New Delhi could raise import taxes or enforce other measures to curb imports from the Southeast Asian nation, five traders told Reuters on Monday.

https://epaper.brecorder.com/2019/10/15/1-page/805488-news.html

01 Business Recorder
3.

Ministries asked to help achieve price stability

Prime Minister Imran Khan chairing a meeting of the federal cabinet has directed the ministries concerned to take measures to stabilize the prices of essential items and ensure their availability in markets for the benefit of common man.

https://epaper.brecorder.com/2019/10/15/1-page/805492-news.html

01 Business Recorder
4.

Profit-taking pulls down KSE-100 Index

BRIndex100 sheds 43.74 points

The investors Monday preferred to book profit on available margins on the first day of the week that forced the bourse to close on a negative note.

https://epaper.brecorder.com/2019/10/15/1-page/805491-news.html

01 Business Recorder
5.

Spouses, dependent children: Lawmakers asked to share wealth details with ECP

The Election Commission of Pakistan (ECP) on Monday asked all the lawmakers, including the parliamentarians and members of the provincial assemblies, to share with the commission of their wealth details as well as those of their spouses and dependent children by the end of this year.

https://www.brecorder.com/2019/10/15/530868/spouses-dependent-children-lawmakers-asked-to-share-wealth-details-with-ecp/

03 Business Recorder
6.

Iranian CG for strengthening economic relations with Pakistan

Iranian Consul General Mohammad Reza Nazeri on Monday said that despite all odds, the bilateral trade between Pakistan and Iran is good and hoped that mutual trade and economic relations would be stronger in future.

https://www.brecorder.com/2019/10/15/530933/iranian-cg-for-strengthening-economic-relations-with-pakistan/

08 Business Recorder
7.

FATF challenge

Azhar described as right choice to lead team

The government’s decision to pick Hammad Azhar, Minister for Economic Affairs Division, to represent Pakistan in the critical Financial Action Task Force (FATF) meeting this week in Paris, is a right move given his qualifications as a lawyer and his recent exposure to economy related portfolios.

https://epaper.brecorder.com/2019/10/15/20-page/805653-news.html

20 Business Recorder
8.

‘Govt committed to end smuggling’

The government is committed to end smuggling and encourage legal trade with neighbouring countries including Iran and Afghanistan, Chairman Senate Standing Committee on Commerce Mirza Khan Afridi said on Monday.

https://www.dawn.com/news/1510911

10 Dawn
9.

Investment in govt papers reaches record Rs10.73tr

Investment in government papers, mainly dominated by the banking sector, set new record as it crossed Rs10 trillion-mark.

https://www.dawn.com/news/1510910

10 Dawn
INTERNATIONAL NEWS
10.

Russia, Saudi Arabia seal key oil deal

Russian President Vladimir Putin signed a key deal Monday with Saudi Arabia during a key visit for an OPEC+ grouping aimed at stabilising global oil prices and seeking to calm regional tensions with Iran.

https://epaper.brecorder.com/2019/10/15/1-page/805490-news.html

01 Business Recorder
11.

EU agrees sanctions framework for Turkey Cyprus drilling

The EU on Monday opened the way to sanctions over Turkey’s controversial drilling for hydrocarbons off Cyprus, approving a legal framework to target those involved.

https://epaper.brecorder.com/2019/10/15/4-page/805662-news.html

04 Business Recorder
12.

China imports, exports down in September as growth cools

China’s imports and exports fell more than expected in September, official data showed Monday, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy.

https://epaper.brecorder.com/2019/10/15/13-page/805583-news.html

13 Business Recorder
12.

Singapore eases monetary policy for first time in 3 years

Singapore’s central bank eased monetary policy for the first time in three years on Monday, as widely expected, with the city-state’s bellwether economy narrowly dodging recession.

https://epaper.brecorder.com/2019/10/15/13-page/805591-news.html

13 Dawn
14.

Trade costs of non-tariff measures now more than double that of tariffs: UN report

While applied tariffs in the Asia-Pacific region have halved over the past two decades, the number of non-tariff measures (NTMs) – policy regulations other than tariffs affecting international trade – has risen significantly, according to a new report launched today by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Conference on Trade and Development (UNCTAD).

https://epaper.brecorder.com/2019/10/15/13-page/805594-news.html

13 Business Recorder
EDITORIAL
15.

Beyond deficits

Only a day after the financial adviser to the prime minister, Hafeez Shaikh, announced that both the critical deficits — fiscal and external — that have plagued the economy — are under “complete control”, the World Bank reminded us that far more remains to be done. In a new report in which the bank takes a deep look at growth, its risks and drivers, in the greater South Asian region, the picture that emerges is a bleak one.

https://www.dawn.com/news/1510897/beyond-deficits

08 Dawn
16. Currency exchange rates

 

Countries

 

U.S.

U.K

EURO

CHINA

SAUDIA ARABIA

Symbol

 

$

£

¥

﷼, SR

 

Rates

 

155.70

195.00

171.30

22.20

41.40

07 Business

Recorder

 

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