IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS SATURDAY 11th SEPTEMBER, 2021

S.# Description Pg. # Source
1. PM says there’s need to check wide import-export gap Prime Minister Imran Khan has directed the Commerce Division to submit the Strategic Export Framework for approval in the next two weeks as there is an urgent need of taking immediate measures to lessen the gap between imports and exports. https://epaper.brecorder.com/2021/09/11/1-page/900232-news.html 1 Business Recorder
2. Workers’ remittances continue to post strong growth Workers’ remittances continued strong growth and rose by 27 percent during the second month of this fiscal year (FY22) due to proactive policy measures by the government and the State Bank of Pakistan (SBP). https://epaper.brecorder.com/2021/09/11/1-page/900233-news.html 1 Business Recorder
3. Ecnec approves three projects worth Rs339bn A meeting of the Executive Committee of the National Economic Council (Ecnec) Friday approved three development projects – two projects of the communication sector and one project of education – with an estimated cost of around Rs339 billion. https://epaper.brecorder.com/2021/09/11/1-page/900234-news.html 1 Business Recorder
4. SPI up 1.37pc WoW The Sensitive Price Indicator (SPI) for the week ended September 9, 2021 recorded an increase of 1.37 percent due to increase in food items’ prices. Onions (23.35 percent), tomatoes (20.38 percent), chicken (7.67 percent), wheat flour (4.97 percent), eggs (3.83 percent), masoor (2.04 percent), vegetable ghee (1.32 percent) and beef (1.11 percent) posted increase, says the Pakistan Bureau of Statistics (PBS). https://epaper.brecorder.com/2021/09/11/1-page/900235-news.html 1 Business Recorder
5. Country likely to face another gas crisis The country is on track to face another gas crisis from 13-16 September, 2021 due to re-deployment of Floating Storage and Regasification Unit (FSRU) Exquisite after dry dock. https://epaper.brecorder.com/2021/09/11/1-page/900224-news.html 1 Business Recorder
6. Pak-Afghan trade in PKR not in sight? State Bank of Pakistan (SBP) is reportedly not in favour of trade with Afghanistan in Pak Rupees, due to the sword of Financial Action Task Force (FATF) notably money laundering and Know Your Customer (KYC) hanging over Pakistan’s financial sector, well informed sources told Business Recorder. https://epaper.brecorder.com/2021/09/11/1-page/900225-news.html 1 Business Recorder
7. Assets Declaration Ord Taxpayers making payment to get one-time opportunity: FBR
The Federal Board of Revenue (FBR) has decided to grant one-time opportunity to taxpayers who paid their tax within the due date, ie, July 3rd, 2019 under the Assets Declaration Ordinance-2019 but could not file their declarations due to any reason. https://epaper.brecorder.com/2021/09/11/1-page/900229-news.html
1 Business Recorder
8. Govt describes CEC as opposition parties’ ‘designated mouthpiece’ A day after the Election Commission of Pakistan (ECP) rejected electronic voting machines (EVMs), the government, on Friday, declared the chief election commissioner (CEC) Sikandar Sultan Raja as the opposition parties’ “designated mouthpiece”. https://epaper.brecorder.com/2021/09/11/1-page/900237-news.html 1 Business Recorder
9. International passengers Online currency declaration module developed
Pakistan Customs has developed an online currency declaration module for facilitation of international passengers.  https://epaper.brecorder.com/2021/09/11/1-page/900230-news.html
1 Business Recorder
10. KSE-100 Index roars back BRIndex100 snaps losing streak
Aggressive buying in almost all sectors Friday supported the Pakistan Stock Exchange to close on a strong positive note with healthy gains. https://epaper.brecorder.com/2021/09/11/1-page/900239-news.html
1 Business Recorder
11.  New ‘industrial park’ to be built in Karachi: Khusro Minister for Industries and Production Khusro Bakhtiar said the government is working on establishing a new industrial park in Karachi on 1500 acres of land. https://epaper.brecorder.com/2021/09/11/3-page/900255-news.html 3 Business Recorder
12. Pakistan’s 2nd aircraft carrying relief goods lands in Kandahar The second C-130 aircraft carrying relief goods consignment including medicines, utensils, food items from Pakistan landed at Kandahar Airport on Friday. https://epaper.brecorder.com/2021/09/11/3-page/900251-news.html 3 Business Recorder
13. PIA to operate special flights to Najaf, Baghdad, Damascus Pakistan International Airline (PIA) has announced to operate special flights for Najaf, Baghdad, and Damascus on the occasion of Arbaeen. https://epaper.brecorder.com/2021/09/11/3-page/900257-news.html 3 Business Recorder
14. World must recognise ‘new reality’ in Afghanistan: Qureshi Foreign Minister Shah Mahmood Qureshi, Friday, urged the international community to recognise the new reality in Afghanistan and engage with the Taliban’s interim set-up for peace and stability in the war-ravaged country. https://epaper.brecorder.com/2021/09/11/5-page/900264-news.html 5 Business Recorder
15. Spot rate loses more Rs300 amid hectic trading The Spot Rate Committee of the Karachi Cotton Association on Friday decreased the spot rate by Rs 300 per maund and closed it at Rs 13200 per maund. https://epaper.brecorder.com/2021/09/11/12-page/900295-news.html 12 Business Recorder
16. Nation observes Quaid`s death anniversary today  The 73rd death anniversary of Quaidi-Azam Mohammad Ali Jinnah is being observed on Saturday (today) throughout the country with reverence and solemnity. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_001_001 1 Dawn
17. Relaxation in filing of declarations under amnesty scheme allowed In what appears to be a major relief, the Federal Board of Revenue (FBR) has allowed those people to file their declarations who have paid their tax on whitening of assets under the 2019 tax amnesty scheme for the construction industry. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_001_008 1 Dawn
18. Auto sector robust despite August dip in car sales The first two months of the fiscal year 202122 (2MFY22) proved highly satisfying for the entire auto sector, with car sales posting growth of 93 per cent, followed by an increase of 199pc in jeeps. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_009_003 9 Dawn
19. Remittances see 10pc increase in 2MFY22 The country received $5.364 billion during the first two months of the fiscal year 2021-22 (2MFY22), showing growth of 10.4 per cent compared to the same period in FY21 when inflows were $4.859bn, data shared by the State Bank of Pakistan (SBP) showed on Friday. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_009_007 9 Dawn
20. Dollar hits 13-month high at Rs168.02 During this period the dollar appreciated by 10.3 per cent against the Pak rupee. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_009_012 9 Dawn
21. `E-commerce allows SMEs to boost exports` E-commerce provides opportunities to small and medium enterprises (SMEs) to boost exports if linked with the right ecosystem and policy environment to trade internationally through digital platforms. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_009_006 9 Dawn
22. No gas for industry, CNG and cement sectors from 13th to 15th Gas supply to the general industry and its captive power (non-export), compressed natural gas (CNG) and cement sectors will remain suspended for three days in Punjab, Khyber Pakhtunkhwa and other areas due to re-deployment of the Floating Storage and Re-gasification Unit (FSRU) at the Karachi port. https://epaper.dawn.com/DetailImage.php?StoryImage=11_09_2021_176_007 13 Dawn
  International News    
23. Big Tech made billions during ‘war on terror’: report Tech giants made billions through contracts with the US military and other government agencies during the so-called “war on terror”, according to a report released ahead of the 20th anniversary of 9/11. https://epaper.brecorder.com/2021/09/11/1-page/900231-news.html 1 Business Recorder
24. Currency exchange rates Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   167.60 232.10 198.62 26.30 44.73
9 Business Recorder

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