IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS MONDAY 25th OCTOBER, 2021

S.# Description Pg. # Source
1. Chinese firm ready to resume work on Dasu Dam Chinese company M/s China Gezhouba Group Company (CGGC) has reportedly agreed to resume work on Dasu Hydropower Project from next week in phases. https://epaper.brecorder.com/2021/10/25/1-page/905085-news.html 1 Business Recorder
2. Govt to receive Rs60bn GDS from private plants Petroleum Division has testified before a panel of Public Account Committee (PAC) that an amount of Rs.60 billion is recoverable from power plants on account of Gas Development Surcharge (GDS). https://epaper.brecorder.com/2021/10/25/1-page/905086-news.html 1 Business Recorder
3. RLNG storage Petroleum Div. asked to explore possibilities
The Cabinet Committee on Energy (CCoE) has directed Petroleum Division to explore possibilities for establishment of RLNG storage to cater for system imbalances of demand and supply and submit viable recommendations for consideration, official sources told Business Recorder. https://epaper.brecorder.com/2021/10/25/1-page/905087-news.html
1 Business Recorder
4. PSX remains positive BRIndex100 gains 63 points
Sentiments at the Pakistan Stock Exchange (PSX) remained positive during the outgoing week on reports that Pakistan-IMF are inching towards striking staff-level agreement. https://epaper.brecorder.com/2021/10/25/1-page/905083-news.html
1 Business Recorder
5. Futures spread increases by 345bps The futures spread increased by 345 basis points (bps) to 2.06 points during the outgoing week compared to 1.39 percent a week earlier. https://epaper.brecorder.com/2021/10/25/1-page/905084-news.html 1 Business Recorder
6. Chinese SMEs creating employment opportunities in Pakistan: Cheng In recent years, more and more Chinese small and medium-sized enterprises have invested in Pakistan and cooperated with Pakistani small and medium-sized enterprises, creating a large number of employment opportunities for Pakistan and making more and more contributions to Pakistan’s tax revenue. https://epaper.brecorder.com/2021/10/25/3-page/905111-news.html 3 Business Recorder
7. Stakeholders’ Group ‘identifies’ legal flaws in PSM sell-off process Pakistan Steel Mills Corporation Stakeholders Group (PSMC-SG) has strongly opposed government’s move to sell valuable assets of Pakistan’s largest industrial enterprise by making a subsidiary company Steel Corp Private Ltd and offering its majority stake (51% to 74%) with management control to private investors through the Privatisation Commission. https://epaper.brecorder.com/2021/10/25/4-page/905115-news.html 4 Business Recorder
8. Weekly Cotton Review: Bullish trend prevails in cotton market In the local cotton market during the last week, bullish trend prevailed after fluctuations. https://www.brecorder.com/news/40128737 5 Business Recorder
9. Prices of grocery items increase further on hike in rates of POL products Prices of essential food items continue to rise in the local market, according to a survey carried out by Business Recorder here on Sunday. https://epaper.brecorder.com/2021/10/25/7-page/905137-news.html 7 Business Recorder
10. $419m earned from IT services’ export in 2 months Pakistan earned US $419.992 million by providing different information technology (IT) services in various countries during the first two months of financial year 2021-22. https://epaper.brecorder.com/2021/10/25/7-page/905143-news.html 7 Business Recorder
11. PKR under pressure Rising import payments and uncertainly in IMF Pakistan talks kept Pakistan rupee under pressure last week. https://epaper.brecorder.com/2021/10/25/12-page/905177-news.html 12 Business Recorder
12. Congestion at ports causes headache to petrol, oil shippers Port congestion and relating infrastructure constraints have put the shippers of strategically important supplies in a tough situation besides economic losses to the nation as the ministries of energy and maritime affairs like to run port operations to their preferences. https://epaper.dawn.com/DetailImage.php?StoryImage=25_10_2021_001_004 1 Dawn
13. Economic ties with Pakistan to be strengthened: EU envoy European Union`s Ambassador Androulla Kaminara has said that bilateral relations between Pakistan and the EU will be further strengthened. https://epaper.dawn.com/DetailImage.php?StoryImage=25_10_2021_003_004 3 Dawn
14. PAEC to provide technical support to IAEA members Regulators and users of nuclear technology from Africa, Asia and the Pacific will soon be able to tap into the Pakistan Atomic Energy Commission`s (PAEC) 50 years of experience in managing nuclear power and application projects, a PAEC official source confirmed to Dawn on Sunday. https://epaper.dawn.com/DetailImage.php?StoryImage=25_10_2021_005_011 5 Dawn
15. The Week Days after raising the petrol prices to a record level, the federal government decides in principle to provide subsidized petrol to motorcycle and rickshaw owners. https://epaper.dawn.com/Advt.php?StoryImage=25_10_2021_601_003 1 Dawn Business & Finance
16. Is it the U-turn of the recovery? THE import-dependent national economy has landed at a difficult juncture within months of a sharp rebound.  https://epaper.dawn.com/DetailImage.php?StoryImage=25_10_2021_601_006   1 Dawn Business & Finance
  Editorial News    
17.  Chickens always come home to roost Sustained flawed policies and mismanagement, spanning not just one administration’s tenure but several with the incumbent not an exception either, accounts for the current state of the economy. https://epaper.brecorder.com/2021/10/25/6-page/905133-news.html 6 Business Recorder

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