Important Business News 1st November, 2019

 Important Business News

1st November, 2019

 

S.# Description Pg # Source
1.

Last date for filing IT returns extended

Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements for individuals and associations of persons for the tax year 2019 up to November 30, 2019.

https://epaper.brecorder.com/2019/11/01/20-page/808372-news.html

20 Business Recorder
2.

Army decides to start generating electricity

Pakistan Army has reportedly decided to start generating power for all its establishments across the country.

https://epaper.brecorder.com/2019/11/01/20-page/808368-news.html

20 Business Recorder
3.

Prices of three petroleum products raised

The government on Thursday increased the prices of three major petroleum products — high speed diesel (HSD), petrol and liquefied petroleum gas (LPG) — for the month of November to generate an additional revenue of about Rs700 million.

https://www.dawn.com/news/1514152

01 Dawn
4.

WB president urges focus on reforms for jobs, growth

World Bank Group President David R. Malpass on Thursday said the reforms carried out by Pakistan for ease of doing business would help create jobs, attract investment and generate more tax revenue.

https://www.dawn.com/news/1514161

10 Dawn
5.

Mansha proposes bond swap for circular debt

With total circular debt close to Rs1.7 trillion, the government is considering to introduce swap bonds to re-profile short- and medium-term payables into long-term coupons having up to 25 years of maturity.

https://www.dawn.com/news/1514160/mansha-proposes-bond-swap-for-circular-debt

10 Dawn
6.

Revenue shortfall rises to Rs162bn in July-Oct

Amid ongoing review meetings with the International Monetary Fund (IMF), the country’s revenue shortfall continued to expand rather dramatically in October as the government extended the deadline for filing of tax returns for another month.

https://www.dawn.com/news/1514156/revenue-shortfall-rises-to-rs162bn-in-july-oct

10 Dawn
7.

Farmers can use EWR for bank loan

The State Bank of Pakistan (SBP) on Thursday allowed the farming community to use Electronic Warehouse Re­­ceipt (EWR) as collateral for lending against agriculture produce and commodities.

https://www.dawn.com/news/1514157

10 Dawn
EDITORIAL
8. Caving in to traders

IT is a little difficult to say what exactly happened between the government and the trader community, but one thing is clear: the outcome looks very much like a capitulation on the part of the rulers.

https://www.dawn.com/news/1514163/caving-in-to-traders

08 Dawn
9. Currency exchange rates

Countries

U.S.

U.K

EURO

CHINA

SAUDIA ARABIA

Symbol

$

£

¥

﷼, SR

Rates

155.50

200.20

172.70

22.00

41.35

09 Business Recorder

                      

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