IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS SATURDAY 7th JANUARY, 2023

S.# Description Pg. # Source
1. Pakistan: Weekly SPI sharply up 1.09pc The Sensitive Price Indicator (SPI) witnessed a sharp increase of 1.09 percent ended on January 5, 2023 over the previous week on the back of a surge in the prices of essential commodities. https://epaper.brecorder.com/2023/01/07/1-page/951833-news.html 1 Business Recorder
2. Pace of domestic debt accumulation accelerates The pace of domestic debt accumulation further accelerated by 6 percent during this fiscal year (FY23) and reached all time level of Rs 33 trillion mark end of November 2022. https://epaper.brecorder.com/2023/01/07/1-page/951822-news.html 1 Business Recorder
3. IMF team due in a couple of days, says PM Businesspeople urged to support govt’s energy plan Prime Minister Shehbaz Sharif said on Friday that the managing director International Monetary Fund (IMF) has assured him of dispatching a team to Pakistan in the next two to three days for the 9th review. https://epaper.brecorder.com/2023/01/07/1-page/951823-news.html 1 Business Recorder
4. Pakistan fully committed to IMF programme: PM Mana-ging Director of the International Monetary Fund Kristalina Georgieva on Friday called Prime Minister Muhammad Shehbaz Sharif over telephone, expressed her deep sympathy and concern on the human and material losses due to the recent floods and reiterated her commitment to help Pakistan in the difficult period. https://epaper.brecorder.com/2023/01/07/1-page/951825-news.html 1 Business Recorder
5. Economic challenges Dar has failed to provide any roadmap: Tarin Finance Minister Ishaq Dar’s press conference on 4th January 2023 is an attempt to divert attention away from the miseries inflicted by the PDM imported regime on 220 million Pakistanis, said former finance minister Shaukat Tarin. https://epaper.brecorder.com/2023/01/07/1-page/951828-news.html 1 Business Recorder
6. Polyester, other goods DGCV Karachi revises import values upward   Direct-orate General Customs Valuation Karachi has revised upward customs values on the import of polyester/ viscose spun yarn, blends and bleached/ unbleached kraft liner board and paper from Japan, USA, China, Australia, Sweden, Austria, France, Germany, Belgium, Finland, UK, Ireland, Saudi Arabia and Brazil. https://epaper.brecorder.com/2023/01/07/1-page/951830-news.html 1 Business Recorder
7. THE RUPEE: PKR: marginal loss Pakistan’s rupee registered a marginal loss against the US dollar for the 13th straight session, depreciating 0.01% in the inter-bank market on Friday. https://epaper.brecorder.com/2023/01/07/1-page/951834-news.html 1 Business Recorder
8. PSX remains bullish Pakistan Stock Exchange on Friday witnessed bullish trend on the back of healthy buying mainly in E&P and Refinery sectors. https://epaper.brecorder.com/2023/01/07/1-page/951831-news.html 1 Business Recorder
9. Rs 302/40kg fixed as minimum sugarcane price by Sindh govt Sindh cabinet has fixed Rs302 per 40kg of sugarcane as the minimum price for crop 2022-2023 and approved reservation of seats for transgender in the local councils (LCs). https://epaper.brecorder.com/2023/01/07/5-page/951849-news.html 5 Business Recorder
10. Economy: EAG underscores need for reforms The Economic Advisory Group (EAG) has called for necessary reforms to transform Pakistan into a globally competitive economy. https://epaper.brecorder.com/2023/01/07/8-page/951862-news.html 8 Business Recorder
11. Insurance industry SECP chief for improving service standards The Chairman Securities and Exchange Commission of Pakistan (SECP) Akif Saeed emphasized upon improving the corporate image of insurance industry by introducing new products with greater value to policyholders, upgrading service standards and timely disclosure of customers and claims data. https://epaper.brecorder.com/2023/01/07/8-page/951857-news.html 8 Business Recorder
12. Fake transactions FBR illegally takes action against salaried individual The Federal Board of Revenue (FBR) has illegally taken action against a salaried individual, whose tax profile was showing 23,800 fake entries of import declarations and withholding transactions. https://epaper.brecorder.com/2023/01/07/8-page/951863-news.html 8 Business Recorder
13. FTO asks FBR to withdraw notices against deceased taxpayer The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw notices of monitoring of withholding tax issued to a deceased taxpayer. https://epaper.brecorder.com/2023/01/07/8-page/951858-news.html 8 Business Recorder
14. Weekly inflation sees 30pc jump from last year Weekly inflation, measured by the Sensitive Price Index (SPI), jumped by nearly 31 per cent as compared to last year, amid a big surge in the prices of foods and a couple of fuel items. https://epaper.dawn.com/DetailImage.php?StoryImage=07_01_2023_001_008 1 Dawn
15. PBC asks govt to seek `debt forgiveness` Pakistan should seek forgiveness of principal and interest on the debt extended by China, the Paris Club and bilateral and multilateral lenders, said the Pakistan Business Council (PBC) on Friday. https://epaper.dawn.com/DetailImage.php?StoryImage=07_01_2023_009_006 9 Dawn
16. ILO says flexible timings better for work-life balance A new report from the International LabourOrganisation (ILO) has suggested that reduced working hours and more flexible working time arrangements, such as those used during the Covid-19 crisis, can benefit economies, enterprises and workers. https://epaper.dawn.com/DetailImage.php?StoryImage=07_01_2023_009_003 9 Dawn
17. CCLC okays first safety standards for vehicles The Cabinet Committee on Legislative Cases (CCLC) on Friday approved the country`s first-ever safety standards for the auto sector including helmets for motorcycle riders. https://epaper.dawn.com/DetailImage.php?StoryImage=07_01_2023_009_007 9 Dawn
18. Dar, AIIB chief discuss economy Finance Minister Ishaq Dar has said that the country is destined for progress and development. https://epaper.dawn.com/DetailImage.php?StoryImage=07_01_2023_009_005 9 Dawn
  International News    
19. World food prices hit record high in 2022 A surge in the cost of most food commodities last year, as the disruption caused by Russia’s invasion of Ukraine raised concerns of shortages, sent the UN food agency’s average price index to the highest level on record. https://epaper.brecorder.com/2023/01/07/1-page/951832-news.html 1 Business Recorder
  Editorial News    
20. On energy conservation The country needs to vigorously pursue the objective of energy conservation; there are no two ways about it. https://epaper.brecorder.com/2023/01/07/4-page/951839-news.html 4 Business Recorder
21. How to deal with Pakistan’s forthcoming currency crisis “There are no solutions. https://epaper.brecorder.com/2023/01/07/4-page/951842-news.html 4 Business Recorder

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