IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS FRIDAY 30th APRIL, 2021

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1. Balance of payment (BoP) stability Tapping expatriates only way in absence of export boost: PM Prime Minister Imran Khan Thursday said that the overseas Pakistanis, especially workers are an asset of the country, and keeping the economy of the country moving must be the priority of the Pakistani embassies. https://epaper.brecorder.com/2021/04/30/1-page/884292-news.html 1 Business Recorder
2. Withdrawal of funds from public account of federation Special assignment account procedure issued The Finance Division has issued special assignment account procedure for withdrawal of funds from the public account of the federation 2021. https://epaper.brecorder.com/2021/04/30/1-page/884293-news.html 1 Business Recorder
3. Performance in SDG sectors Pakistan lags behind its emerging market peers: IMF Pakistan’s performance in critical Sustainable Development Goals (SDGs) sectors including education, water and sanitation lags that of its emerging market peers and achieving its SDGs by 2030 would require nine percent of the GDP in additional financing each year, says the International Monetary Fund (IMF).  https://epaper.brecorder.com/2021/04/30/1-page/884294-news.html 1 Business Recorder
4. ‘Stay home, stay safe’ plan unveiled ahead of Eid National Command and Operation Centre (NCOC) has announced six-day Eid holidays (May 10-15) in the country with a view to containing Covid-19. https://epaper.brecorder.com/2021/04/30/1-page/884284-news.html 1 Business Recorder
5. Govt to get 15.4m doses of vaccine: SAPM Government has purchased 13 million doses of Covid-19 vaccine from three Chinese companies, Special Assistant to the Prime Minister (SAPM) Faisal Sultan told Reuters on Thursday. https://epaper.brecorder.com/2021/04/30/1-page/884285-news.html 1 Business Recorder
6. Pakistan’s weight may remain around 0.02pc in MSCI EM Pakistan’s weight is likely to remain around 0.02 percent in MSCI EM in the MSCI May 2021 Semi Annual Index Review, experts said. https://epaper.brecorder.com/2021/04/30/1-page/884296-news.html 1 Business Recorder
7. No GST chargeable on auction for serviceable old cars: FBR To avoid practice of double payment of sales tax on vehicles auction, the Federal Board of Revenue (FBR) has legally clarified that no sales tax is chargeable on auction of serviceable old and used vehicles provided sales tax has already been paid at the time of local or import stage. https://epaper.brecorder.com/2021/04/30/1-page/884298-news.html 1 Business Recorder
8. PSM sell-off process hits a snag The privatisation process of Pakistan Steel Mills (PSM) has reportedly hit a snag as Chairman PSM Board Aamir Mumtaz has tendered his resignation as member Transaction Commission due to differences on the final draft of ‘due diligence’ prepared by the consultants, well-informed sources told Business Recorder.  https://epaper.brecorder.com/2021/04/30/1-page/884287-news.html 1 Business Recorder
9. Markets.Rates.The Rupee THE RUPEE: Mixed movement On Thursday, PKR exhibited mixed movement. It went down against USD in interbank market while in open market; it went up against USD, remained unchanged against Euro and went up for buying against AED and SR. https://epaper.brecorder.com/2021/04/30/1-page/884299-news.html 1 Business Recorder
10. NGMS spectrum Tarin asks PTA to expedite sale process Federal Minister for Finance and Revenue Shaukat Tarin has directed to expedite the sale process for the available spectrum of Next Generation Mobile Services (NGMS). https://epaper.brecorder.com/2021/04/30/1-page/884288-news.html 1 Business Recorder
11. Privatisation of selected PSEs Authorities told to address legal, administrative issues Federal Minister Mohammedmian Soomro Thursday chaired regular weekly meeting to review progress made so far in the privatisation of selected Public Sector Entities. https://epaper.brecorder.com/2021/04/30/1-page/884289-news.html 1 Business Recorder
12. PSX maintains drawdown BRIndex100 stays bearish A bearish trend continued on Pakistan Stock Exchange Thursday due to selling by local and foreign investors in almost all sectors. https://epaper.brecorder.com/2021/04/30/1-page/884291-news.html 1 Business Recorder
13. SECP launches combined digital registration with provincial agencies As part of its transformational journey, the Securities and Exchange Commission of Pakistan (SECP) has now introduced a single combined digital certificate evidencing registration with SECP and some provincial departments simultaneously. https://www.brecorder.com/news/40089094/secp-launches-combined-digital-registration-with-provincial-agencies 2 Business Recorder
14. Govt discontinues Rs7,500, Rs15,000 prize bonds The government has decided to withdraw circulation of Rs 15,000 and Rs 7,500 prize bonds with immediate effect. https://epaper.brecorder.com/2021/04/30/4-page/884316-news.html 4 Business Recorder
15. 3G and 4G users reach 95.38m: PTA The number of 3G and 4G users in Pakistan reached 95.38 million by end February 2021 compared to 92.99 million by end January 2021, registering an increase of 2.39 million, said the Pakistan Telecommunication Authority (PTA). https://epaper.brecorder.com/2021/04/30/6-page/884331-news.html 5 Business Recorder
16. ‘Cotton support price to be announced soon’ The support price of cotton would be announced soon as consideration at government level to set per mound support price has been started. 7 Business Recorder
17. Taxation system FPCCI to discuss significant changes today Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will discuss significant fundamental changes in taxation system of the country with Finance Minister Shaukat Tarin on Friday (today). https://epaper.brecorder.com/2021/04/30/15-page/884406-news.html 15 Business Recorder
18. All CCI parameters witness decline in Q1 All parameters of Consumer Confidence Index (CCI) witnessed an overall decline during the first quarter of 2021. https://epaper.brecorder.com/2021/04/30/16-page/884414-news.html 16 Business Recorder
19. Forex accounts attached to recover dues IR dept accused of deviating from statutory provisions In an apparent move to achieve budgetary targets, the Inland Revenue Department has been accused of resorting to attachment of foreign currency accounts of the directors of the company for recovering amount due from the company, deviating from the statutory provisions and the FBR’s instructions. https://epaper.brecorder.com/2021/04/30/16-page/884410-news.html 16 Business Recorder
20. Waqar Masood redesignated The government has redesignated Dr Waqar Masood Special Assistant to the Prime Minister on Revenue as Special Assistant to the Prime Minister on Finance and Revenue with the status of Minister of State with immediate effect. https://epaper.brecorder.com/2021/04/30/16-page/884413-news.html 16 Business Recorder
21. Revival of industry, exports growth Business council comes up with recommendations The Pakistan Business Council (PBC) has come up with a set of recommendations for the revival of industry, growth of exports, and reforms in the energy sector etc to put the country on a growth trajectory. https://epaper.brecorder.com/2021/04/30/16-page/884417-news.html 16 Business Recorder
22. Time to negotiate with the real ‘wheat barons’ Over the past 18 months, BR Research has run a concerted campaign warning policymakers of a looming food security crisis due to intermittent shortfalls in agricultural output. https://epaper.brecorder.com/2021/04/30/17-page/884419-news.html 17 Business Recorder
23. Slow trading activity on cotton market The local cotton market on Thursday remained sluggish. Market sources told that trading volume remained very low because textile sector is not taking interest in buying of cotton amid increasing threats of lock down during the third wave of coronavirus Cotton Analyst Naseem Usman told Business Recorder ICE cotton futures fell by over 1% on Wednesday, tracking a retreat in core grains markets from multi-year highs, with focus turning to a weekly export sales report. https://epaper.brecorder.com/2021/04/30/20-page/884426-news.html 20 Business Recorder
24. Imran terms expats biggest asset of Pakistan Terming over nine million overseas Pakistanis a `big asset` of the country, Prime Minister Imran Khan on Thursday urged all Pakistani embassies and high commissions to resolve issues of Pakistani expatriates instead of creating problems for them. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_001_003 1 Dawn
25. Survey finds consumer confidence slipping Consumer confidence in Pakistan further deteriorated during the period between January and March this year, primarily owing to the restrictions renewed by the government to stop the rising Covid-19 infections that heralded the third wave of the pandemic in the country. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_003_004 3 Dawn
26. Tabeer, Energas get construction licences The Oil & Gas Regulatory Authority (Ogra) has granted construction licences to Tabeer Energy and Energas to start construction of Liquefied Natural Gas (LNG) Receiving Terminals at Port Qasim for import, regasification, storage and supply of LNG to their customers. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_009_007 9 Dawn
27. Apni Car scheme lifts manufacturers` spirits Car stakeholders appear highly upbeat over Prime Minister Imran Khan`s announcement regarding the option of `Roshan Apni Car`for overseas Pakistanis who have opened Roshan Digital Accounts (RDAs) that recently crossed the $1 billion mark. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_009_002 9 Dawn
28. Pakistan to auction mobile telecom spectrum in June The auction for mobile telephony spectrum is expected to be held in June, and consultants have expressed optimism that it will be successful because of the potential available in Pakistan.
https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_009_003  
9 Dawn
29. Tarin directs early completion of PSW Federal Minister for Finance and Revenue Shaukat Tarin has asked the Federal Board of Revenue to make all-out efforts for the early completion of Pakistan Single Window (PSW) to pave the way for ease in imports and exports. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_009_004 9 Dawn
  Editorial News    
30. A beaming RDA Within eight months of its launch, the amount received by Roshan Digital Account (RDA) has crossed the one billion-dollar mark. https://epaper.brecorder.com/2021/04/30/14-page/884398-news.html 14 Business Recorder
31. Tobacco tax ASY access to and the low prices of cigarettes and other tobacco products is a key reason why their use is so widespread in the country. https://epaper.dawn.com/DetailImage.php?StoryImage=30_04_2021_006_003 6 Dawn
32. Currency exchange rates Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   153.80 214.48 186.51 23.91 41. 05
21   Business Recorder

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