Important Business News 7th September, 2020

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1. Neeca all set to start auditis of textile CPPs The National Energy Efficiency and Conservation Authority (Neeca) is all set to start energy audits of Captive Power Plants (CPPs) of textile sector in the light of a decision of the Cabinet Committee on Energy (CCoE). 1           Business Recorder
2. Bullish momentum continues Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on September 4, 2020 on the back of healthy buying mainly by local investors and institutions. 1       Business Recorder
3. Futures spread down by 532 bps The futures spread declined by 532bps to 9.92 percent on the last day of the outgoing week. 1 Business Recorder
4. Cases shifting to LTU Islamabad FBR urged to remove grievances of businessmen Businessmen of Khyber Pakhtunkhwa have urged the Federal Board of Revenue (FBR) to remove their grievances and apprehensions over the shifting cases of 128 units from regional tax office Peshawar to Large Taxpayers Unit Islamabad, asking to make the LTU as optional instead of mandatory for them.   3 Business Recorder
5. Weekly Cotton Report Prices increase under influence of int’l market Continuous rains affected the cotton crop due to which farmers are worried. Prices of cotton increased by Rs 300 to Rs 350 per maund and rate of cotton reached at Rs 9300 per maund which is highest in the season. 11 Business Recorder
6. Agreements with IPPs in final stages: Qureshi Foreign Minister Makhdoom Shah Mahmood Qureshi said revised agreements with Independent Power Plants on new tariff of electricity would surely facilitate masses. 12 Business Recorder
7. The Week The Privatization Commission Board Approves transaction structure for the  revival of Pakistan Steel Mills 1 Dawn Business & Finance
8. Why getting foreign investment is difficult FACED with a balance-of-payments problem, Pakistan urgently needs as much foreign investment as possible. This need becomes all the more urgent keeping in view a limited scope of volumetric expansion in exports and remittances in the short term. 2 Dawn Business & Finance
9. Rain spells disaster for Sindh`s agriculture sector THE monsoon rains in August have spelt disaster for the agriculture sector in rural Sindh. The economy of mediumand small-size farmers has been dealt a serious blow at a time when crops were at the harvesting stage. Besides cotton, vegetables, onion and tomato crops have been destroyed.   2 Dawn Business & Finance
10. Lip service alone AUGUST was the month of sharing good news on Twitter by Prime Minister Imran Khan and his team regarding the economic front. 3 Dawn Business & Finance
  Editorial News    
11. Currency exchange rates   Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   165.83 219.64 196.25 24.23 44. 22
7 Business Recorder

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