Important Business News Monday 16th November, 2020

S.# Description Pg # Source
1. PSX remains under pressure BRIndex100 loses 34.84 points
Pakistan Stock Exchange remained under pressure during the outgoing week ended on Nov 13, due to selling by both local and foreign investors. https://epaper.brecorder.com/2020/11/16/1-page/858408-news.html
1     Business Recorder
2. Futures spread declined by 242bps The futures spread declined by 242bps to 3.30 percent on the last day of outgoing week. https://epaper.brecorder.com/2020/11/16/1-page/858409-news.html 1 Business Recorder
3. Pakistan gets $370m syndicated loan The government of Pakistan has closed a $370 million syndicated loan comprising a conventional and Islamic tranche, Dubai’s biggest bank Emirates NBD, which coordinated the loan, said in a statement on Sunday. https://epaper.brecorder.com/2020/11/16/1-page/858405-news.html 1 Business Recorder
4. Dawood leaves for Kabul today to discuss APTTA Prime Minister Advisor on Commerce and Investment, Abdul Razak Dawood is undertaking three-day visit from Monday (today) to Afghanistan to discuss new draft of Afghanistan-Pakistan Transit Trade Agreement (APTTA) and bilateral trade agreement, official sources told Business Recorder. https://epaper.brecorder.com/2020/11/16/1-page/858400-news.html 1   Business Recorder
5. Prices of petrol and diesel slashed Federal government on Sunday has announced to reduce the prices of motor spirit (petrol) and high speed diesel (HSD) for second half of November in fortnightly review of petroleum prices. https://epaper.brecorder.com/2020/11/16/1-page/858403-news.html 1 Business Recorder
6. Prices of essential kitchen items increased sharply Prices of important kitchen items, like sugar, chicken meat, eggs, flour, vegetable, pulses have increased sharply in the retail market, according to a survey conducted by Business Recorder here on Sunday. Sugar price has increased at Rs115 per kg, which was selling at Rs110 per kg in the previous week in the retail market, the survey noticed. https://epaper.brecorder.com/2020/11/16/3-page/858331-news.html 3 Business Recorder
7. Weekly Cotton Review Bearish trend continues in local market
The bearish trend continues in the rate of cotton. https://epaper.brecorder.com/2020/11/16/11-page/858387-news.html
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8. Comparison with last PML-N govt PTI govt incurs 48pc less external liabilities: Finance
Finance Ministry has claimed that present government led by Pakistan Tehreek-e-Insaf (PTI) incurred 48 percent ($15 billion) less external liabilities in first 9 quarters of (June 2018-September 2020) than Pakistan Muslim League (N) government last nine quarters (March 2016-June 2018) despite 78 percent more debt servicing. https://epaper.brecorder.com/2020/11/16/12-page/858397-news.html
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9. What is driving cement sales CEMENT despatches are ris> ing, both for domestic consumption and exports, since the resumption of business activities following the decline in the coronavirus infections in June. https://epaper.dawn.com/DetailImage.php?StoryImage=16_11_2020_601_003 1 Dawn Business & Finance
10. Reko Dig: saga of bliss or bane? NOT too far from the besieged government, bright stars of the private sector are carefully preparing to dig their heels deeper in the business landscape of Pakistan. https://epaper.dawn.com/DetailImage.php?StoryImage=16_11_2020_601_005 1 Dawn Business & Finance
11. Facilitating foreign investors AFTER launching Roshan Digital Accounts for overseas Pakistanis to boost both home remittances and foreign portfolio investment (FPI) in government debt securities, Pakistan is now trying to boost foreign direct investment (FDI) and exports. https://epaper.dawn.com/DetailImage.php?StoryImage=16_11_2020_602_003   2 Dawn Business & Finance
  International News    
12. World’s largest free trade deal signed Fifteen Asia-Pacific countries on Sunday signed the world’s biggest free trade deal, seen as a huge coup for China in extending its influence. https://epaper.brecorder.com/2020/11/16/1-page/858407-news.html 1 Business Recorder

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