Important Business News 30 November, 2017

Important Business News

30 November, 2017

S.# Description Pg # Source
1.       PC to reboot sell-off business

The Privatization Commission (PC) will proceed for privatization of power sector distribution companies as well as insurance and banking sector transactions in a week contingent upon the approval of the Cabinet Committee of Privatization (CCoP) presided over by Prime Minister Shahid Khaqan Abbasi.

http://epaper.brecorder.com/2017/11/30/1-page/685026-news.html

1 Business Recorder
2.       Coal-fired power project at PQ: PM inaugurates first unit

Reiterating the PML-N government’s unwavering resolve towards strengthening and taking forward democracy in the country, Prime Minister Shahid Khaqan Abbasi Wednesday said Pakistan’s future lied in democracy and there were no choices.

http://epaper.brecorder.com/2017/11/30/1-page/685024-news.html

1 Business Recorder
3.       Govt sounds US dollar 5-year Sukuk at 6pc, 10-year bond at low 7 percent

The Islamic Republic of Pakistan is marketing US dollar-denominated five-year sukuk and conventional 10-year bonds at initial price thoughts of 6% and low 7% respectively.

http://epaper.brecorder.com/2017/11/30/1-page/685027-news.html

1 Business Recorder
4.       Winter Safety Awareness launched from Quetta: SSGC all set to complete Shikarpur-Jacobabad pipeline

SSGC gives prime importance to Balochistan and is committed towards ensuring that its customers residing in this province gets uninterrupted gas supply.

http://epaper.brecorder.com/2017/11/30/4-page/685226-news.html

4 Business Recorder
5.       PM gives deadline for viable textile package

Prime Minister Shahid Khaqan Abbasi has given a one week deadline to Ministry of Commerce and Textile to firm up a “viable” package for the textile sector in consultation with other concerned Ministries, well informed sources told Business Recorder.

http://epaper.brecorder.com/2017/11/30/24-page/685217-news.html

24 Business Recorder
6.       Services exports register 4pc growth during July-October

Services sector exports have posted 4 percent growth during the first four months of this fiscal year (FY18) supported by improved performance of travel and telecommunication sector.

http://epaper.brecorder.com/2017/11/30/8-page/685079-news.html

8 Business Recorder
7.       SBP financing five sectors for speedy growth

State Bank of Pakistan (SBP) is providing cheap financing facilities with minimum mark up-rate to five important segments for the speedy, balanced and systematic industrial, economic and commercial growth in the country, said Waqas Kashif Bajwa Chief Manager SBP Faisalabad.

http://epaper.brecorder.com/2017/11/30/13-page/685131-news.html

13 Business Recorder
8.       LCCI urges govt to take steps for revival of PSM

Lahore Chamber of Commerce & Industry (LCCI) while lamenting over miserable state-of-affairs of Pakistan Steel Mills (PSM), has urged the government to take immediate measures for its early revival.

http://epaper.brecorder.com/2017/11/30/13-page/685140-news.html

13 Business Recorder
9.       Over 200,000 students, being trained annually, claims TEVTA chief

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA has become largest organization in South Asia providing technical education to more than 200,000 students annually.

http://epaper.brecorder.com/2017/11/30/13-page/685141-news.html

13 Business Recorder
10.    Ogra recommends Rs1.48 a litter raise in petrol price

In view of the fluctuation in global oil prices, Oil and Gas Regulatory Authority (Ogra) on Wednesday recommended an increase of Rs1.48 per liter in price of petrol (MS 92 RON) for the month of December.

http://epaper.brecorder.com/2017/11/30/20-page/685185-news.html

20 Business Recorder
11.    Qatari royals meet ex-PM at Jati Umra

Qatari royal Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani called on former prime minister Nawaz Sharif at his Jati Umra residence on Wednesday to discuss investment opportunities and mutual relationship. The Qatari royal lauded Pakistan`s economic policies and said these had driven Qatari investments to Pakistan,appreciating the country`s businessfriendly environment.

https://epaper.dawn.com/DetailImage.php?StoryImage=30_11_2017_001_004

1 Dawn
12.    Pakistan is now energy surplus, says PM

Prime Minister Shahid Khakan Abbasi said on Wednesday that the country had become surplus in energy in a short period of four years starting from 2013 when the nation used to face up to 16 hours of load-shedding a day.

https://epaper.dawn.com/DetailImage.php?StoryImage=30_11_2017_003_005

3 Dawn
13.    Bond auction raises $2.5bn

In its first venture into foreign capital markets since the outbreak of major political turbulence in the country, the government managed to attract highest-ever bids in an auction of Pakistani debt.

https://epaper.dawn.com/DetailImage.php?StoryImage=30_11_2017_010_003

10 Dawn
14.    Gas in the pipeline to rid Punjab of shortage: SNGPL

The Sui Nor thern Gas Pipelines Limited (SNGPL) is all set to receive an additional Regasified Liquefied Natural Gas (up to 600MMCF) on a daily basis soon as various processes to add it to the system are under way at the newly-built LNG terminal at Port Qasim.

https://epaper.dawn.com/DetailImage.php?StoryImage=30_11_2017_176_006

30 Dawn
 

International Business News

   
15.   

Oil drops for third day, awaiting OPEC decision

Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC’s meeting in Vienna, as members debate the path for an extension of the group’s supply-cut agreement.

http://epaper.brecorder.com/2017/11/30/21-page/685198-news.html

21 Business Recorder
16.   

US economic growth fastest in three years

The US economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, buoyed by robust business spending on equipment and an accumulation of inventories.

http://epaper.brecorder.com/2017/11/30/19-page/685167-news.html

19 Business Recorder
17.    Currency exchange rates

 

Countries

 

U.S.A

U.K

EURO

CANADA

SAUDIA ARABIA

Selling TT&OD

105.60

140.08

125.16

82.39

28.16

Buying TT Clean

105.40

140.81

125.93

82.23

28.10

Buying OD/T.CHQ

105.18

140.52

124.67

82.02

28.03

7 Business Recorder

 

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