Important Business News 9th January, 2020

 

S.# Description Pg # Source
1.

1US$ will be equal to Rs172 by year’s end, Nepra told

National Electric Power Regulatory Authority (Nepra) was apprised on Wednesday that US 1$ will be equal to Rs 170-172 by the end of the current year as per International Monetary Fund’s (IMF’s) and State Bank of Pakistan’s (SBP’s ) foreign exchange forward policy for commercial banks.

https://epaper.brecorder.com/2020/01/09/1-page/819022-news.html

1 Business Recorder
2.

Inquiry against taxmen

FBR inaction annoys SC
The Supreme Court Wednesday expressed annoyance over the Federal Board of Revenue (FBR) for its failure to implement its order regarding initiation of regular inquiry against its officials allegedly involved in issuance of refund vouchers to some companies illegally.

https://epaper.brecorder.com/2020/01/09/1-page/819011-news.html

1 Business Recorder
3.

Goods transporters’ strike enters into 3rd consecutive day

The goods transporters’ strike on Wednesday entered into third day, halting all movement of cargos across the country that left the trade with an additional financial burden of over Rs350 million approximately in terms of shipping charges.

https://epaper.brecorder.com/2020/01/09/5-page/819047-news.html

5 Business Recorder
4.

Nausheen gets charge as FBR chief goes on sick leave

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has gone on sick leave from January 6 to January 19, 2020.

https://epaper.brecorder.com/2020/01/09/20-page/819186-news.html

 

20 Business Recorder
 

5.

Containers sans int’l specifications

No transit movement of Afghan exports goods from Feb 1: DGTT
Pakistan will not allow the transit movement of exports goods from Afghanistan in containers, lacking international specifications from February 1, 2020.

https://epaper.brecorder.com/2020/01/09/20-page/819185-news.html

20 Business Recorder
6.

CCP should focus on market study of e-commerce: report

The Competition Commission of Pakistan (CCP) should focus on market study of e-commerce to check any anti-competitive practices and consumer protection in the fast-growing e-commerce and examine the report titled “Market Study on e-commerce in India” issued by the Competition Commission of India (CCI) on Wednesday.

https://www.brecorder.com/2020/01/09/560300/ccp-should-focus-on-market-study-of-e-commerce-report/

20 Business Recorder
7. Fresh roadblock for Tapi as Pakistan seeks gas price cut

The multi-billion dollar Turkmenistan-Afghanistan-PakistanIndia (Tapi) Pipeline project have hit fresh snags as its two major stakeholders and prospective gas purchasers Islamabad and New Delhi have sought gas price openers before the project could physically take off.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_010_006

10 Dawn
8.

World Bank revises growth projections downward

The World Bank on Wednesday slightly lowered country`s growth rate projections for the current fiscal year and next two years owing to continuation of tight monetary policy and fiscal consolidation coupled with external f actors.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_010_003

10 Dawn
9. US doesn`t need Middle East oil: Trump

US President Donald Trump on Wednesday categorically made it clear that his country doesn`tneedanyoilfromtheMiddle East since it has become 100 per cent self-sufficient in meeting energy needs.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_010_002

10 Dawn
 

10.

 

FBR asked to check Iranian oil smuggling

The Federal Tax Ombudsman (FTO) has directed the FBR to constitute a joint task force of Customs and law-enforcing agencies to control smuggling, transportation and business of Iranian petroleum products throughout Pakistan.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_010_004

10 Dawn
11.

Quality cotton price moves up

Slow trading was witnessed on the cotton market on Wednesday as buyers and sellers continued to stay away. Price of quality cotton increased by Rs400, though the Karachi Cotton Association kept its sport rate unchanged at Rs8,900.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_011_001

11 Dawn
 

International News

   
12. EU-UK deal unlikely by year end

It will be `basically impossible` to negotiate all aspects of the future relationship between the European Union and Britain by the end of this year, the head of the European Commission said on Wednesday, adding that both sides must pick priorities.

https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2020_010_005

10 Dawn
13. Currency exchange rates

 

Countries

 

U.S.

U.K

EURO

CHINA

SAUDIA ARABIA

Symbol

 

$

£

¥

﷼, SR

Rates

 

154.85

204.55

173.63

22.26

41.23

9 Business

Recorder

 

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