IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS MONDAY 11th OCTOBER, 2021

S.# Description Pg. # Source
1. Making Karachi loadshedding-free city PD seeks Nepra’s nod on proposed NTDC-KE IA deal
The Power Division (PD) has sought nod of National Electric Power Regulatory Authority (Nepra) on the proposed Inter-Connection Agreement (IA) between NTDC and KE, to achieve the dream of making Karachi, the country’s business hub, a load-shedding free city by 2023, sources in Nepra told Business Recorder. https://epaper.brecorder.com/2021/10/11/1-page/903605-news.html
1 Business Recorder
2. FBR asked to resolve 4pc WHT issue of IPPs The Economic Coordination Committee (ECC) of the Cabinet has directed Federal Board of Revenue (FBR) to resolve four per cent withholding tax (WHT) regarding the 1994 policy of Independent Power Producers (IPPs) within one month, well-informed sources told Business Recorder. https://epaper.brecorder.com/2021/10/11/1-page/903606-news.html 1 Business Recorder
3. PSX witnesses bearish trend BRIndex100 loses 54.74 points
Pakistan Stock Exchange (PSX) witnessed bearish trend during the outgoing week ended October 08, 2021 due to selling pressure on investors concerns over rising global commodity prices, higher inflation and alarming import bill. https://epaper.brecorder.com/2021/10/11/1-page/903607-news.html
1 Business Recorder
4. Futures spread declines by 168bps The futures spread declined by 168bps to 5.02 percent on the last day of outgoing week. https://www.brecorder.com/news/40125868/futures-spread-declines-by-168bps 1 Business Recorder
5. Retail chain’s 15 stores sealed for ‘fleecing’ people The District Administration sealed 15 big Cash and Carry Stores on violation of the prices fixed by the authorities concerned during last seven days. https://epaper.brecorder.com/2021/10/11/4-page/903642-news.html 4 Business Recorder
6. Weekly Cotton Review Cotton market experiences fluctuations
Unprecedented fluctuation was observed in the local market under the influence of New York Cotton where the fluctuation of 5-6 American cents per pound was witnessed. https://epaper.brecorder.com/2021/10/11/5-page/903645-news.html
5 Business Recorder
7. Prices of poultry, wheat flour, sugar, other food items soar Prices of poultry, flour, sugar, vegetable, fruits and other important food items have risen sharply in the local market, according to a survey conducted by Business Recorder here on Sunday. https://epaper.brecorder.com/2021/10/11/7-page/903662-news.html 7 Business Recorder
8. PKR ends on positive note PKR started last week in the negative but took a breather mid week and ended on a positive note against USD in both interbank and open markets with significantly higher gains in open market than in interbank market.  https://epaper.brecorder.com/2021/10/11/12-page/903701-news.html 12 Business Recorder
9. Gas transmission network being reinforced The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) would lay around 18,731-kilometer (km) pipelines in their respective areas to strengthen their network transmission and distribution networks during the current fiscal year. https://epaper.brecorder.com/2021/10/11/16-page/903725-news.html 16 Business Recorder
10. ADB okays technical assistance for Pakistan The Asian Development Bank (ADB) has approved technical assistance to Pakistan for reforming state-owned enterprises and supporting the government in high priority areas included in the draft SOE (Governance and Operations) Bill, 2021, and the new SOE Ownership and Management Policy currently being developed. https://epaper.dawn.com/DetailImage.php?StoryImage=11_10_2021_005_003 5 Dawn
11. The Week Finance Minister Shaukat Tarin takes strict notice of high prices of wheat flour prevailing in Sindh and Baluchistan and urges the chief secretaries to start the daily release of wheat to stabilize prices. https://epaper.dawn.com/Advt.php?StoryImage=11_10_2021_601_003 1 Dawn Business & Finance
12. The petroleum price challenge PAKISTAN`S oil consumption is gradually getting back to normal pre-Covid lockdown levels as economic activities regain momentum and international prices are again rising amid supply limits maintained by oil-exporting countries and other supply chain problems. https://epaper.dawn.com/DetailImage.php?StoryImage=11_10_2021_601_004 1 Dawn Business & Finance
  Editorial News    
13. How govt can fix energy sector Energy sector, no doubt, has been Pakistan Tehreek-e-Insaf (PTI) government’s Achilles heel from the day one.  https://epaper.brecorder.com/2021/10/11/6-page/903654-news.html 6 Business Recorder

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