Important Business News
30 November, 2017
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
International Business News
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.
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.
|17.||Currency exchange rates