IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS SUNDAY 28th MARCH, 2021

S.# Description Pg # Source
1. IBI NPFs decline to 3.2pc The Islamic Banking Industry’s Non-Performing Finances (NPFs) to financing decreased to 3.2 percent by end of CY20 compared to 9.2 percent of the overall banking industry. https://epaper.brecorder.com/2021/03/28/1-page/876527-news.html 1 Business Recorder
2. PPPA BoD approves Sialkot-Kharian motorway project The Board of Directors meeting of the Public-Private Partnership Authority (PPPA) accorded approval to Sialkot-Kharian Motorway project (69kms long 04-lane) proposed on a Build, Operate and Transfer (BOT) basis under the federal government’s Public-Private Partnership Programme. https://epaper.brecorder.com/2021/03/28/1-page/876518-news.html 1 Business Recorder
3. 220 kV transmission line upgraded KE to get additional 450MW of electricity Karachi Electric is to get additional 450 MW electricity in summer as it has completed the rehabilitation/upgradation of the existing 220 kV double circuit transmission line (130 kms long) from Jamshoro to KDA-33. https://epaper.brecorder.com/2021/03/28/1-page/876521-news.html 1 Business Recorder
4. Work begins at REZ The Rashakai Special Economic Zone Development and Operation Company (RSEZDOC) has started working to develop market, manage, and operate the flagship project of the Rashakai Economic Zone (REZ). https://epaper.brecorder.com/2021/03/28/1-page/876522-news.html 1 Business Recorder
5. WHT exemption on plants, machinery FBR slaps strict conditions on tribal areas’ residents The Federal Board of Revenue (FBR) has imposed strict conditions on the residents of tribal areas for availing exemption of withholding tax on the import of plant, machinery, equipment or industrial inputs. https://epaper.brecorder.com/2021/03/28/1-page/876523-news.html 1 Business Recorder
6. Budget proposals for 2021-22 PRGMEA calls for steps to promote industrialization, enhance exports   The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has called for steps to promote industrialization and enhance exports in its budget proposals for 2021-22. https://epaper.brecorder.com/2021/03/28/2-page/876530-news.html 2 Business Recorder
7. Real-time access to companies’ info 16 banks get registered with SBP-SECP portal In pursuit of its agenda to promote ease of doing business and digitalization, the Securities and Exchange Commission of Pakistan (SECP), in coordination with State Bank of Pakistan (SBP), had launched an exclusive digital portal last month, enabling banks to open corporate accounts without seeking physically certified copies of statutory documents. https://epaper.brecorder.com/2021/03/28/2-page/876535-news.html 2 Business Recorder
8. Re-entry into IMF programme at a cost: Zahid The Chairman of the National Business Group and President of Pakistan Businessmen and Intellectuals Forum, Mian Zahid Hussain, has welcomed Pakistan’s re-entry into the $6-billion IMF programme. https://epaper.brecorder.com/2021/03/28/3-page/876542-news.html 3 Business Recorder
9. PBF VP calls for privatising loss-making SOEs Vice President of Pakistan Businesses Forum (PBF), Ahmad Jawad has said that State Owned Entities (SOEs) are state assets as long as they are profitable, but some of the Pakistan’s SOEs have turned liabilities and have reached a point of no return. https://epaper.brecorder.com/2021/03/28/3-page/876546-news.html 3 Business Recorder
10. Gold prices gain Gold prices on Saturday gained a bit value on the local market, traders said. https://epaper.brecorder.com/2021/03/28/3-page/876544-news.html 3 Business Recorder
11. Important kitchen items witness further increase Sugar, and ghee/cooking oil prices, chicken, fresh milk along with vegetables and fruit have witnessed a further increase during this week past as compared with the previous week, revealed a survey conducted by Business Recorder, here on Saturday. https://epaper.brecorder.com/2021/03/28/7-page/876566-news.html 7 Business Recorder
12. NTDC completes work on 130km 220kV transmission line The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). https://epaper.brecorder.com/2021/03/28/7-page/876574-news.html 7 Business Recorder
13. Appointment of NTDC chairman Power Division in state of shock Power Division is said to be in a state of shock over the appointment of Naveed Ismail as as Chairman of the Board of a multi-billion-dollar company – National Transmission and Despatch Company (NTDC), well-informed sources told Business Recorder. https://epaper.brecorder.com/2021/03/28/8-page/876582-news.html 8 Business Recorder
14. Sugar crisis may worsen in days to come Sugar crisis due to unannounced strike by the sugar dealers after the action taken by the Federal Investigation Agency (FIA) is likely to get worse in days to come as wholesalers at Akbari Mandi claim that they have completely run out of the commodity. https://epaper.brecorder.com/2021/03/28/9-page/876585-news.html 9 Business Recorder
15. JI chief terms mini-budget before Ramazan as ‘a cruel act of govt’ Holding the ruling elite responsible for the miseries of the masses, Jamaat-e-Islami Chief Sirajul Haq has appealed the people to take a firm stand against the status quo forces to put the country on track. https://epaper.brecorder.com/2021/03/28/9-page/876587-news.html 9 Business Recorder
16. Spot rate unchanged amid bearish trend on local market The local market remained bearish on Saturday. Market sources told that trading volume remained low due to the fluctuation in the rate of dollar in the local market while the dollar is strengthening in international market. https://epaper.brecorder.com/2021/03/28/12-page/876619-news.html 12 Business Recorder
17. Price instability affecting tomato growers, consumers The perennial price uncertainty associated with the perishable tomato crop is affecting both growers and consumers alike. https://epaper.dawn.com/DetailImage.php?StoryImage=28_03_2021_009_009 9 Dawn
18. Long road to sophisticated retail intelligence Market stakeholders and manufacturers of goods offered different views on retail intelligence (RI) of consumer items in Pakistan, with some saying that they did it on their own while others outsource companies with the goal of improving sales. https://epaper.dawn.com/DetailImage.php?StoryImage=28_03_2021_009_008 9 Dawn
19. PSMA wants inclusion of FBR officers in tax probe In response to tax default notices, the Pakistan Sugar Mills Association(PSMA)hasurged the Federal Board of Revenue (FBR) to include its relevant of ficials in the investigation, alleging that they might have submitted incorrect information. https://epaper.dawn.com/DetailImage.php?StoryImage=28_03_2021_009_007 9 Dawn
  Editorial News    
20. Dangerous addiction of non-stop borrowing It’s no surprise really that Pakistan’s habit of borrowing to survive has got so out of hand that even respected international financial institutions have started sounding the alarm. https://epaper.brecorder.com/2021/03/28/6-page/876561-news.html 6 Business Recorder
21. SAPM`s sacking IN an unexpected development, Prime Minister Imran Khan sacked SAPM Petroleum Nadeem Babar as he ordered an a investigation into last summer`s oil shortage in the country. https://epaper.dawn.com/DetailImage.php?StoryImage=28_03_2021_006_001 6 Dawn

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