IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS SUNDAY 21st NOVEMBER, 2021

S.# Description Pg. # Source
1. Domestic sector Gas supply plan finalised
The Petroleum Division has finalised winter seasonal plan for uninterrupted gas supply to the domestic sector by curtailing supply to the CNG stations and the general industry (non-export) from December 1 to January 15, 2022. https://epaper.brecorder.com/2021/11/21/1-page/908403-news.html
1 Business Recorder
2. Jul-Oct ICT exports surge 39.26pc to $830m YoY The Information and Communications Technology (ICT) export remittances, including telecommunication, computer, and information services, have surged to $830 million during July-October of the current fiscal year, posting a growth rate of 39.26 percent as compared to $596 million during the same period of 2020-21. https://epaper.brecorder.com/2021/11/21/1-page/908405-news.html 1 Business Recorder
3. Saif Jonejo made EPZA chairman The Federal Government has appointed Dr Saif ud-Din Jonejo as Chairman Export Processing Zones Authority (EPZA), as he has reportedly got the backing of a key group of Karachi-based businessmen, well informed sources told Business Recorder. https://epaper.brecorder.com/2021/11/21/1-page/908406-news.html 1 Business Recorder
4. FCA for August CPPA-G seeks Rs4.75/u hike for Discos
The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of Rs 4.75 per unit in tariffs of power Distribution Companies (Discos) for October 2021, the highest ever raise under monthly Fuel Component Adjustment (FCA) mechanism. https://epaper.brecorder.com/2021/11/21/1-page/908412-news.html
1 Business Recorder
5. FBR urged to allow conventional modes of payments for one year Tax experts have urged upon the Federal Board of Revenue (FBR) to allow corporate sector digital mode of payment simultaneously with other conventional modes of payments for one year. https://epaper.brecorder.com/2021/11/21/1-page/908413-news.html 1 Business Recorder
6. Prices of essential kitchen items further rise Prices of essential kitchen items overall have witnessed an increasing trend during this week past as compared with the previous week, a survey carried out by Business Recorder revealed here on Saturday. https://epaper.brecorder.com/2021/11/21/2-page/908416-news.html 2 Business Recorder
7. Industrialists reject 150bps hike in policy rate Industrialists have rejected 1.5 per cent hike in interest rates and demanded its reversal. https://epaper.brecorder.com/2021/11/21/3-page/908424-news.html 3 Business Recorder
8. Governor SBP meets DG FIA, banks’ presidents Governor SBP hosted Director General FIA and banks’ presidents to strengthen coordination against money laundering, digital frauds, and cyber-attacks. https://epaper.brecorder.com/2021/11/21/3-page/908429-news.html 3 Business Recorder
9. Winter season Textile sector lauds govt’s approach to gas supply to export-oriented sector
The value-added textile export sector profoundly appreciates the government thoughtfulness to ensure uninterrupted supply to the export industries during winter season. https://epaper.brecorder.com/2021/11/21/3-page/908425-news.html
3 Business Recorder
10. Economic stability linked to technical education, vocational training Speakers at a webinar, while stressing the need to grab a substantial share of employments in global as well as local labour market, have said only way to achieve the goal is technical education and vocational training that will also ensure economic stability in Pakistan. https://epaper.brecorder.com/2021/11/21/5-page/908447-news.html 5 Business Recorder
11. Rate of quality cotton reaches highest level of Rs18,000/maund The Spot Rate on Saturday remained unchanged at Rs 17,500 per maund. https://epaper.brecorder.com/2021/11/21/7-page/908454-news.html 7 Business Recorder
12. Gold prices decline Gold prices dropped on Saturday on the domestic market, traders said. It slid by Rs800 to Rs123800 per tola and Rs686 to Rs106138 per 10 grams on the weekend. https://epaper.brecorder.com/2021/11/21/9-page/908477-news.html 9 Business Recorder
13. Punjab govt, flour millers lock horns amid strike call The Punjab government and flour millers have locked horns over the wheat release policy and other issues, with the food department accusing millers of creating an issue out of nothing while the millers sticking to their plan to go on strike. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_009_007 9 Dawn
14. Uncertainty dampens sentiments on PSX Trading began in the stock market on a negative note in the outgoing week. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_009_003 9 Dawn
15. Number of microfinance borrowers soars to record 8.2m The number of active microfinance borrowers increased 20 per cent year-on-year to an all-time high of 8.2 million at the end of the July September quarter. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_009_005 9 Dawn
16. Iron, scrap imports plunge 33pc in July-October The import of iron and steel scrap in quantity terms plunged by 33 per cent in 4MFY22 to 1.227 million tonnes from 1.824m tonnes in the same period last year. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_009_006 9 Dawn
17. Govt commits cheaper RLNG to Karachi exporters in winter, says Bilwani The federal government and the value-added textile sector have reached an agreement over uninterrupted supply of regasified-liquefied natural gas (RLNG) at a preferential rate to the export industry from December for the next three months. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_009_008 9 Dawn
  Editorial News    
18. Interest rate hike  THE State Bank`s decision to boost its interest rate by a hefty 150bps to 8.75pc signifies a shift in the government`s policy pivot from growth to stabilisation to close the deal with the IMF for the early resumption of the $6bn loan facility. https://epaper.dawn.com/DetailImage.php?StoryImage=21_11_2021_006_001 6 Dawn

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