IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS MONDAY 29th MARCH, 2021

S.# Description Pg # Source
1. Sell-off process of PSEs by PC Hafeez incensed by ‘delaying tactics’ Finance Minister, Dr Abdul Hafeez Shaikh has reportedly grilled Privatisation Commission (PC) for using ‘delaying tactics’ in privatisation process of public sector entities (PSEs), well informed sources told Business Recorder. https://epaper.brecorder.com/2021/03/29/1-page/876631-news.html 1 Business Recorder
2. PSX remains positive BRIndex100 gains 73.75 points Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on March 26, on the back of healthy buying mainly by local investors. https://epaper.brecorder.com/2021/03/29/1-page/876633-news.html 1 Business Recorder
3. Futures spread increases by 1161bps The futures spread increased by 1161bps to 12.45 percent on the last day of outgoing wee. https://epaper.brecorder.com/2021/03/29/1-page/876634-news.html  1 Business Recorder
4. PTA decides to amend cellular mobile network QoS regulations With growing concerns on quality of service parameters including call drop, call quality, and data throughput, the Pakistan Telecommunica-tion Authority (PTA) has decided to amend the cellular mobile network quality of service (QoS) regulations. https://epaper.brecorder.com/2021/03/29/42-page/877112-news.html 42 Business Recorder
5. BoI chief for expediting relocation of Chinese industry in SEZs Minister of State and Chairman Board of Investment (BoI) Atif Bokhari on Sunday emphasized that Pakistan and China need to focus and work towards expediting the relocation of Chinese Industry in the Special Economic Zones (SEZs) including Rashakai SEZ. https://epaper.brecorder.com/2021/03/29/43-page/877114-news.html 43 Business Recorder
6. Erstwhile FATA ECDF identifies measures for economic growth Economic Cooperation and Development Forum (ECDF) had identified crucial measure and interventions required for economic growth of the Newly Merged Districts (NMDs) of erstwhile Federally Administered Tribal Area (FATA). https://epaper.brecorder.com/2021/03/29/43-page/877115-news.html 43 Business Recorder
7. Rice exporters vow to boost health standards of farmers Rice exporters on Sunday have vowed to boost the health standards and high quality of life of rice farmers for maintaining efficiency and productivity in the agriculture sector. https://epaper.brecorder.com/2021/03/29/43-page/877116-news.html 43 Business Recorder
8. Public misconceptions about SBP bill In the following paragraphs I will be dilating on the subject of the role of various stakeholders with respect to proposed amendments in the State Bank of Pakistan Act, 1956. https://epaper.brecorder.com/2021/03/29/45-page/877123-news.html 45 Business Recorder
9. Prices of grocery items up ahead of Ramazan A steep increase in prices of chicken meat, sugar, flour, vegetables, fruits and other grocery items was witnessed ahead of the holy month of Ramazan in the local market, according to a survey conducted by Business Recorder here on Sunday. https://epaper.brecorder.com/2021/03/29/45-page/877126-news.html 45 Business Recorder
10. Housing finance PM asks banks to take pro active approach Boom in construction sector would bring economic stability in the country by generating employment opportunities as 30 industries would benefit from strengthening construction sector, Prime Minister Imran Khan said Sunday. https://epaper.brecorder.com/2021/03/29/46-page/877135-news.html 46 Business Recorder
11. July-December 2020 21.08pc increase in domestic debt servicing cost witnessed There was an increase of 21.08 percent in domestic debt servicing cost during the first six months (July-December 2020) of the current fiscal year compared to the same period (July-December 2019) of last fiscal year largely because of government borrowing. https://epaper.brecorder.com/2021/03/29/46-page/877129-news.html 46 Business Recorder
12. MoMA to challenge GST on CDC imposed by Sindh govt Ministry of Maritime Affairs (MoMA) is to challenge General Sales Tax (GST) on Channel Development Cess (CDC) charges imposed by Sindh Government, as done by the Civil Aviation Authority (CAA) in a similar case, well informed sources told Business Recorder. https://epaper.brecorder.com/2021/03/29/46-page/877130-news.html 46 Business Recorder
13. Currency diary: Rupee appreciation marches on The currency appreciation continues, crossing the psychological level of 155 on Friday. This is almost the pre-Covid day’s level (154.27 on 5th March 2020). https://epaper.brecorder.com/2021/03/29/47-page/877138-news.html 47 Business Recorder
14. Services to the rescue? While the role of stellar remittance inflows has been roundly acknowledged in providing stability to the external account in a challenging time, what has largely gone unnoticed is the small-but-significant contribution from Pakistan’s services trade. https://epaper.brecorder.com/2021/03/29/47-page/877141-news.html 47 Business Recorder
15. Between weak demand and tight supply Oil is a sensitive commodity; only the fear or anticipation of something moves the needle up or down the prices. https://epaper.brecorder.com/2021/03/29/47-page/877140-news.html 47 Business Recorder
16. Interview with Abdul Razak Dawood, Adviser for Commerce and Investment – Ministry of Commerce ‘Industries cross-subsidizing very cheap electricity to the domestic sector’ In this interview with BR Research, Abdul Razak Dawood – the Advisor for Commerce and Investment – talks about the federal government’s objectives as well as progress in boosting exports and import substitution; diversifying bilateral trade and connectivity; the status of GSP Plus extension, and why foreign investment has not been able to pick up. https://epaper.brecorder.com/2021/03/29/50-page/877166-news.html 50 Business Recorder
17. Withdrawal of tax exemptions to affect ease of doing business: FPCCI Preisent Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Mian Nasir Hayat Magoon, has stated that pre-budget withdrawal of exemption will badly hit the ease of doing business in the country. https://epaper.brecorder.com/2021/03/29/50-page/attachment/1237068-picture.html 50 Business Recorder
18. SNGPL, SSGC told to address LNG operators` concerns The Prime Minister Office has directed the two gas utilities to immediately engage with two new liquefied natural gas (LNG) operators who have complained about roadblocks and apathetic responses to setting up of their terminals. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_001_006 1 Dawn
19. 2,094 ghost employees working in USC: report An audit of the Utility Stores Corporation (USC) for the year2019-2020hasrevealed that 9,756 employees are workingintheorganisation`s 42 regions against the sanctioned or authorised strength of 7,662. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_001_005 1 Dawn
20. Why our drug market is askew UNDER harsh flickering lights in a room lined with hard plastic chairs, a man rolls up a small discreet paper sachet filled with tiny pink and white tablets and slides it across the counter. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_601_005 1 Dawn Business & Finance
21. Economics of poor communities ABDUL Rahim (not his real name) came to Karachi in 2012 in search of work. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_601_004 1 Dawn Business & Finance
22. Digital banks: still a distant dream WHILE much of the country, particularly prime-time TV anchors and politicians, was hooked to the issue of the central bank`s independence and its possible impact, another major development took shape last Friday: the State Bank of Pakistan (SBP) unveiled the Digital Bank Regulatory Framework draft. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_601_006 1 Dawn Business & Finance
23. The Week Pakistan hires a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated bonds. https://epaper.dawn.com/Advt.php?StoryImage=29_03_2021_601_003 1 Dawn Business & Finance
24. In praise of price stability PRICE stability contributes to financial stability.
Financial stability helps banks price and reprice loans easily and enable them to increase the volume of private-sector credit for economic growth. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_602_003
2 Dawn Business & Finance
25. No bailout for the poor THE situation is tough. The third wave of Covid-19 is threatening.  https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_603_001 3 Dawn Business & Finance
26. The electric vs hybrid conundrum THE debate over the new auto policy, which will determine the government`s plans about which route electric or hybrid it intends to take for developing the automotive industry and reducing carbon emissions and fuel imports from now onwards, is getting a bit intense. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_603_003 3 Dawn Business & Finance
27. National security lies in a vibrant economy NOTWITHSTANDING some fleeting moments of political triumphs and economic gains for the policymakers, the lack of strategic breakthrough over the past two years plus the political heat generated by multiple crises are together turning out to be a game-changer.  https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_603_002 3 Dawn Business & Finance
28. Consumer spending, income temporarily fall ahead of massive fiscal stimulus US consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middleand lower-income households faded. https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_604_006 4 Dawn Business & Finance
29. The economics of trade INTERNATIONAL trade is premised not on the ability to produce an output with lower inputs than other nations but on the appetite to forego the least quantum of the other commodity for the sake of making another.  https://epaper.dawn.com/DetailImage.php?StoryImage=29_03_2021_604_007 4 Dawn Business & Finance
  Editorial News    
30. Discos’ sell-off: tread the path with care Nothing is more important than fixing the energy circular debt problem in Pakistan. Increasing tariff would not suffice in the absence of better governance at the distribution end. Moreover, incentive to steal would increase with the rise in tariff. https://epaper.brecorder.com/2021/03/29/44-page/877117-news.html 44 Business Recorder

Leave a Reply