IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS FRIDAY 10th September, 2021

S.# Description Pg. # Source
1. Tarin describes food inflation as ‘major’ challenge Finance Minister Shaukat Tarin while terming food inflation a major challenge for the government has said that every possible effort is being made to tackle the problem.  https://epaper.brecorder.com/2021/09/10/1-page/900068-news.html 1 Business Recorder
2. ECC approves tender to import of wheat A meeting of the Economic Coordination (ECC) of the cabinet has approved the tender for import of 120,000 metric tons of wheat besides exemption from taxes and duties on import of auto disable syringes and raw materials/products for local manufacturing of auto disable syringes. https://epaper.brecorder.com/2021/09/10/1-page/900069-news.html 1 Business Recorder
3. IMF for more cautious approach to structural reforms The Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) stated that case studies highlight the need for more cautious assumptions on feasibility and growth payouts of structural reforms in Pakistan. https://epaper.brecorder.com/2021/09/10/1-page/900070-news.html 1 Business Recorder
4. Utility Stores Only Ehsaas beneficiaries may get targeted-subsidy
The government has planned for making targeted subsidy at the Utility Stores only to the Ehsaas beneficiaries by linking their cards/national identity cards with the sales points. https://epaper.brecorder.com/2021/09/10/1-page/900071-news.html
1 Business Recorder
5. THE RUPEE: Fails to sustain recovery On Thursday, PKR went down losing part of the value regained on Wednesday against major currencies. https://epaper.brecorder.com/2021/09/10/1-page/900075-news.html 1 Business Recorder
6. Development projects Umar for using P3A mode of financing
Minister for Planning, Development and Special Initiatives Asad Umar has urged his Cabinet colleagues to use P3A mode of financing for development projects for their respective Ministries/ Divisions. https://epaper.brecorder.com/2021/09/10/1-page/900066-news.html
1 Business Recorder
7. KE’s BQPS-III project: Khusro reviews progress Minister for Industries and Production Makhdum Khusro Bakhtyar on Thursday met with KE’s Senior Management at the company’s Bin Qasim Power Complex to review the progress on K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III), which will add 900MW to K-Electric’s generation capacity and bolster the future of Karachi’s growth. https://epaper.brecorder.com/2021/09/10/1-page/900073-news.html 1 Business Recorder
8. KSE-100 Index rebounds BRIndex100 keeps falling
Pakistan Stock Exchange Thursday witnessed a mixed trend due to absence of positive triggers and lack of interest of local investors. https://epaper.brecorder.com/2021/09/10/1-page/900074-news.html
1 Business Recorder
9. Trade with Afghanistan: FPCCI urges MoC to share ToRs The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged the Commerce Ministry to share the Terms of Reference (ToRs) on trade with Afghanistan. https://epaper.brecorder.com/2021/09/10/3-page/900094-news.html 3 Business Recorder
10. Gold moves up slightly Gold prices on Thursday grew a bit on the local market, traders said. https://epaper.brecorder.com/2021/09/10/3-page/900096-news.html 3 Business Recorder
11. New requirements to cause problems for Tier-1 retailers: expert The requirements of paid-up capital and migration are the serious challenges that will hinder the implementation of vendors’ licensing and integration of Tier-1 retailers under SRO 1063 issued by FBR on August 24, 2021; a tax expert said. https://epaper.brecorder.com/2021/09/10/5-page/900106-news.html 5 Business Recorder
12. New hydrocarbon discovery in Sindh Pakistan Petroleum Limited (PPL) has announced hydrocarbon discovery from exploratory well, Jugan-1, in the Latif Block which is situated in the province of Sindh.
https://epaper.brecorder.com/2021/09/10/12-page/900159-news.html
12 Business Recorder
13. Indian hackers behind attack on FBR website: Tarin Federal Minister for Finance Shaukat Tarin, on Thursday, said the Indian hackers had attacked the Federal Board of Revenue (FBR)’s website and similar kind of Indian attack also took place in 2019. https://epaper.brecorder.com/2021/09/10/12-page/900162-news.html 12 Business Recorder
14. FBR issues draft of common bonded warehouse rules The Federal Board of Revenue (FBR) has issued a new procedure for obtaining licenses of common bonded warehouses for the import of goods, primarily, meant for export by small and medium enterprises (SMEs) and indirect exporters. https://epaper.brecorder.com/2021/09/10/12-page/900163-news.html 12 Business Recorder
15. Forex reserves fall by $125m The total liquid foreign exchange reserves held by the country declined by $125 million during last week.  https://epaper.brecorder.com/2021/09/10/12-page/900160-news.html 12 Business Recorder
16. Cigarette manufacturers FBR to roll out Track, Trace System from Nov 1
The Federal Board of Revenue (FBR) has decided to roll out the Track and Trace System to the cigarette manufacturers from November 1, 2021. https://epaper.brecorder.com/2021/09/10/12-page/900161-news.html
12 Business Recorder
17. No respite in falling trend on cotton market The Spot Rate Committee of the Karachi Cotton Association on Thursday decreased the spot rate by Rs 200 per maund and closed it at Rs 13500 per maund. https://epaper.brecorder.com/2021/09/10/16-page/900173-news.html 16 Business Recorder
18. Ministry told to pursue case about ban on export of poultry products The National Assembly Standing Committee on Commerce has asked the Ministry of Commerce (MoC) to pursue a case in a court of law for lifting ban on exports of poultry products from the country. https://epaper.dawn.com/DetailImage.php?StoryImage=10_09_2021_005_003 5 Dawn
19. Currency exchange rates Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   167.20 230.18 197.95 26.17 44.63
17 Business Recorder

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