IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS MONDAY 22nd NOVEMBER, 2021

S.# Description Pg. # Source
1. PM concerned at encroachment of state land Prime Minister Imran Khan on Sunday expressed shock over massive encroachment of state land, including forest land worth Rs5595 billion, saying it has aggravated country’s existing lack of sufficient forest cover. https://epaper.brecorder.com/2021/11/22/1-page/908507-news.html 1 Business Recorder
2. Gas being made available only during meal hours The gas supply to different parts of the country has been cut short by 15 hours, as now the consumers will receive gas only three times a day (breakfast, lunch and dinner) as per the decision taken by the federal government on Sunday. https://epaper.brecorder.com/2021/11/22/1-page/908502-news.html 1 Business Recorder
3. Petrol pump dealers to go on strike The Petroleum Dealers Association on Sunday announced a countrywide strike on Nov 25 after the government showed its reluctance to revise their margin by 6 per cent of the sale price. https://epaper.brecorder.com/2021/11/22/1-page/908506-news.html 1 Business Recorder
4. Tractors’ parts from Turkey and China Minimum customs’ values on import revised
Directorate General of Customs Valuation Karachi has revised minimum customs values on the import of 28 different types of tractors’ parts from Turkey and China. https://epaper.brecorder.com/2021/11/22/1-page/908508-news.html
1 Business Recorder
5. Personal data protection law on the cards The Ministry of Information Technology and Telecommunication has finalised the “Personal Data Protection Bill, 2021” and sent it to the Law Ministry for vetting, proposing up to Rs25 million fine for those who processes or cause to be processed, disseminates or discloses personal data in violation of any of the provisions of the proposed legislation. https://epaper.brecorder.com/2021/11/22/1-page/908503-news.html 1 Business Recorder
6. Stocks close on positive note Bullish trend in two trading sessions during the outgoing week ended on November 19 supported the Pakistan Stock Exchange (PSX) to close on positive note on week-on-week basis. https://epaper.brecorder.com/2021/11/22/1-page/908504-news.html 1 Business Recorder
7. Futures spread declines by 750bps The futures spread declined by 750bps to negative 3.78 percent on the last day of outgoing week. https://epaper.brecorder.com/2021/11/22/1-page/908505-news.html 1 Business Recorder
8. Cars production witnesses 70pc increase in 4 months: PAMA The production of cars in the country has witnessed an increase of 70.86 percent during the first four months of current financial year 2021-22 as compared to corresponding period of last year. https://epaper.brecorder.com/2021/11/22/3-page/908524-news.html 3 Business Recorder
9. MoIT&T, DCO agree to enhance cooperation in IT field The Federal Ministry of IT and Telecommunication Pakistan and Digital Cooperation Organization (DCO) had agreed to enhance cooperation and collaboration in the field of Information Technology and Telecommunication between member countries.
https://epaper.brecorder.com/2021/11/22/3-page/908525-news.html
3 Business Recorder
10. Weekly Cotton Review Cotton, Phutti rates remain largely stable
 The rate of quality cotton remained stable at Rs18000 per maund while the rate of Phutti remained stable at Rs 9000 per 40 kg and the spot rate remained stable at Rs 17500 per maund. https://epaper.brecorder.com/2021/11/22/5-page/908540-news.html
5 Business Recorder
11. Prices of essential kitchen items remain high Prices of essential kitchen items, including live chicken/meat, black tea, cooking oil/ghee, flour, fresh milk, pulses, vegetables, fruits and others have remained on high-side in the retail market, according to a survey conducted by Business Recorder here on Sunday. https://epaper.brecorder.com/2021/11/22/7-page/908562-news.html 7 Business Recorder
12. PKR records gains During five days of trading last week, PKR recorded gains for first three days and recorded losses in last two days resulting in a net gain at the end of week.  https://epaper.brecorder.com/2021/11/22/12-page/908609-news.html 12 Business Recorder
13. ‘Thorough surgery’ of economy required: economists Renowned economists at a session on “State of the Economy: Inequality in Income and Wealth in Pakistan” at the Asma Jahangir Conference 2021 on Sunday expressed that a thorough surgery of the economy is required to be done to pull the country out of current financial crisis besides making it ‘people serving’ instead of ‘elite serving’. https://epaper.brecorder.com/2021/11/22/12-page/908610-news.html 12 Business Recorder
14. Poultry: don’t panic Poultry prices are on the rise again. https://epaper.brecorder.com/2021/11/22/13-page/908617-news.html 13 Business Recorder
15. Multan, Khanewal and Bahawalpur Medicinal plants cultivated in over 1,000 kanals of land
Medicinal plants, in connection with vision to promote high value crops, were cultivated at area of over 1000 kanals in districts Multan, Khanewal and Bahawalpur. https://epaper.brecorder.com/2021/11/22/13-page/908619-news.html
13 Business Recorder
16. IMF may unveil steps for revival of package today With policy rate increased by 1.5 percent, the International Monetary Fund (IMF) is set to declare a staff-level agreement with Pakistan on revival of $ 6 billion Extended Fund Facility (EFF) which has been ‘in recess’ since Aril. https://epaper.dawn.com/DetailNews.php?StoryText=22_11_2021_001_004 1 Dawn
17. The Week The State Bank expresses serious concerns over speculation by banks in the currency business, saying they were involved in the multibillion-rupee game https://epaper.dawn.com/Advt.php?StoryImage=22_11_2021_601_003 1 Dawn Business & Finance
18. What next? Karachi waits with bated breath A WEEK after the blaze, stench and despair marked the environment as one visited the Cooperative Market in downtown Saddar. https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_601_004 1 Dawn Business & Finance
19. Focus reverts to stabilisation THE State Bank of Pakistan (SBP) pulled a big surprise on the market when it boosted its key policy rate last week by a lot more than anticipated by analysts to contain the soaring prices and stop the consistent decline in the rupee on a growing current account deficit. https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_601_005 1 Dawn Business & Finance
20. Smart drafting of tax laws THE government promulgated the presidential ordinance-the Tax Laws (Third Amendment) Ordinance 2021 on September 15 bringing certain enforcement measures on the premise of improving documentation of the national economy, enhancing tax compliance and broadening the tax base. https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_603_001 3 Dawn Business & Finance
21. Improving refinery utilisation THE reopening of the global economy after pandemic-induced lockdowns and travel restrictions increased crude oil consumption. https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_603_003 3 Dawn Business & Finance
22. Self-made women billionaires Beauty e-commerce company Nykaa`s founder Falguni Nayar`s worth soared to $7.48 billion this month she is the second Indian self-made female billionaire after Biocon founder Kiran Mazumdar-Shaw, reports The Economic Times https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_604_001 4 Dawn Business & Finance
23. Abusing restaurant workers According to a report by restaurant analytics firm Black Box Intelligence, 62pc of restaurant workers say they have suffered from emotional abuse and disrespect from customers https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_604_005 4 Dawn Business & Finance
24. Monetary policy in tricky times THE first step was apparently not `measured`. https://epaper.dawn.com/DetailImage.php?StoryImage=22_11_2021_604_010 4 Dawn Business & Finance
  Editorial News    
25.  Monetary Policy Statement The Monetary Policy Committee (MPC) raised the discount rate by 150 basis points to 8.75 – widening the difference with other regional countries (against India’s 4 percent, Sri Lanka’s 5 percent and Bangladesh’s 4.75 percent) as well as the prevalent rate in our major trading partners in Europe and the US. https://epaper.brecorder.com/2021/11/22/6-page/908551-news.html 6 Business Recorder

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