Important Business News 9th February, 2020

 

S.# Description Pg # Source
1.

PM assures export sectors

No change in power, gas tariffs for 3 years
Prime Minister Imran Khan has reportedly assured the export-oriented sectors that there will be no change in tariffs of electricity and gas for next three years, industry sources told Business Recorder.

https://epaper.brecorder.com/2020/02/09/10-page/823963-news.html

1 Business Recorder
2.

Gas price notifications

Govt to expedite passage of legislation, IMF told
Federal government has begun to expedite the passage of legislation on regular and timely notifications for end consumers’ gas tariffs as agreed under the $6 billion International Monetary Fund (IMF) programme.

https://epaper.brecorder.com/2020/02/09/10-page/823964-news.html

1 Business Recorder
3.

Ministries, divisions asked to surrender anticipated savings

The Finance Division has directed all ministries and divisions as well as their attached departments (including programmes/projects/schemes) and subordinate offices and autonomous organisations to surrender the anticipated savings to the Finance Division at least 25 days before the presentation of the budget in the National Assembly.

https://epaper.brecorder.com/2020/02/09/10-page/823965-news.html

1 Business Recorder
4.

2019-20 Rabi season

Wheat sowing target missed by 2.5pc
The country has missed the wheat sowing target by 2.5 percent during 2019-20 Rabi season due to climatic changes and delay in the start of sugarcane crushing by mills.

https://epaper.brecorder.com/2020/02/09/10-page/823967-news.html

1 Business Recorder
5.

MoC takes step to forestall possibility of any zoonotic transmission

Ministry of Commerce (MOC) has imposed a ban on the import of any zoonotic (animal, birds, etc.) till further advise in order to prevent spreading coronavirus in Pakistan.

https://epaper.brecorder.com/2020/02/09/10-page/823962-news.html

1 Business Recorder
6.

Front running akin to insider trading, SECP bench tells brokers

An appellate bench of the Securities and Exchange Commission of Pakistan (SECP) has conveyed to the brokers’ community that front running is akin to insider trading and a criminal offence in the stock market.

https://epaper.brecorder.com/2020/02/09/12-page/823977-news.html

12 Business Recorder
7. Currency depreciation main risk for hot money investors: JP Morgan

Pakistan`s capital markets at the moment have all right ingredients to warrant the increasing foreign inflows; high interest rates, short-term macroeconomic stabilisation, and exchange rate stability.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_02_2020_010_002

10 Dawn
8. Stocks lose 1,487 points in shortened week

The stock market fell for fourth week in a row. If the final week of January was bad enough with the KSE-100 index recording a fall of 2.4 per cent, the outgoing one was worse with 3.6pc or 1,487point decline to settle at 40,144.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_02_2020_010_004

10 Dawn
9. Another Green Revolution needed for wheat, says report

A second `Green Revolution` is needed to increase global wheat production by sixty per cent by 2050 when the world population is predicted to be 9.3 billion, global wheat research organisation, `Wheat Initiative` said in a report.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_02_2020_010_005

10 Dawn
10. Currency exchange rates

 

Countries

 

U.S.

U.K

EURO

CHINA

SAUDIA ARABIA

Symbol

 

$

£

¥

﷼, SR

Rates

 

154.60

200.00

170.00

22.17

41.20

7 Business

Recorder

 

 

 

 

 

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