IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS SUNDAY 9th JANUARY, 2022

S.# Description Pg # Source
01. Cold kills 21 stuck in cars in heavy snow at Murree At least 21 people including children, who were stranded in their vehicles on snow-covered roads leading to Murree due to heavy snowfall, died of cold weather on Friday night, witnesses and rescue officials said. https://epaper.brecorder.com/2022/01/09/1-page/914479-news.html 01 Business Recorder
02. ‘Economy is witnessing strong growth, creating jobs’: PM Prime Minister Imran Khan on Saturday said that profits of listed businesses have grown and this shows that the economy is witnessing growth and creating jobs. https://epaper.brecorder.com/2022/01/09/1-page/914472-news.html 01 Business Recorder
03. Import of urea from China allowed on G2G basis In order to address the shortage of urea in Rabi Season 2021-22, a meeting of the Economic Coordination Committee (ECC) of the Cabinet has allowed the import of 50,000 metric tons of urea from China on government-to-government (G2G) basis after both bidders submitted regret letters. https://epaper.brecorder.com/2022/01/09/1-page/914474-news.html 01 Business Recorder
04. Claim of extra costs Nepra rejects review petition of PMLTC National Electric Power Regulatory Authority (NEPRA) has turned down a review petition of Pak Matiari Lahore Transmission Company (Pvt.) Ltd. (PMLTC) in which the latter had sought billions of rupees’ extra costs which were not allowed in the decision of September 2, 2021. https://epaper.brecorder.com/2022/01/09/1-page/914475-news.html 01 Business Recorder
05. Trading, self clearing category SECP increases net worth requirement The Securities and Exchange Commission of Pakistan (SECP) has directed the securities brokers that the minimum net worth requirement for Trading and Self Clearing category shall be increased to Rs 60 million from April 1, 2022. https://epaper.brecorder.com/2022/01/09/2-page/914492-news.html 02 Business Recorder
06. Prices of essential kitchen items show a rising trend The prices of majority of essential kitchen items have witnessed an increasing trend as compared with the last week of the previous, a survey carried out by Business Recorder revealed here on Saturday. https://epaper.brecorder.com/2022/01/09/5-page/914515-news.html 05 Business Recorder
07. Cotton prices soar amid moderate activity The Spot Rate Committee of the Karachi Cotton Association on Saturday increased the spot rate by Rs 300 per maund and closed it at Rs 18600 per maund. https://epaper.brecorder.com/2022/01/09/7-page/914521-news.html 07 Business Recorder
08. IMF accepts request to postpone review of loan plan The International Monetary Fund (IMF) has accepted Pakistan`s request to postpone the review of its $6 billion loanprogramme scheduled for Jan 12, sources told Dawn on Saturday. https://epaper.dawn.com/DetailNews.php?StoryText=09_01_2022_001_005 01 Dawn
09. Alfalah to list exchange-traded fund on PSX on 17th Alfalah GHP Investment Management Ltd is going to list on the bourse its first exchange-traded fund (ETF) on Jan 17, said company CEO Nabeel Malik while speaking to Dawn on Saturday. https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2022_009_008 09 Dawn
10. Stocks post year`s first bullish week The stock market stayed bullish in the first week of the new year mainly because the government tabled Finance (Supplementary) Bill 2021 and SBP Amendment Bill in the national assembly ending the uncertainties about the resumption of the IMF loan programme. https://epaper.dawn.com/DetailNews.php?StoryText=09_01_2022_009_007 09 Dawn
11. Private sector borrowing sees fivefold rise in 1HFY22 The private sector`s credit off-take witnessed a record increase of over five times in the first half of the current fiscal year compared to the same period of the last year, suggesting the country may achieve the 5 per cent GDP growth target on the back of higher economic activities. https://epaper.dawn.com/DetailNews.php?StoryText=09_01_2022_009_004 09 Dawn
12. Cement makers shifting to alternative energy A number of cement makers are setting up solar and coal-fired power plants to curtail surging electricity expenses which is a material component of cement manufacturing cost. https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2022_009_009 09 Dawn
13. Services exports up 22.94pc in 5MFY22 Pakistan`s exports of services posted a growth of over 22.94 per cent in the first five months of the current fiscal year (5MFY22) from a year ago, according to the latest data released by the Pakistan Bureau of Statistics. https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2022_009_005 09 Dawn
14. NTDC seeks 132kV transmission lines` handover to Hesco The National Transmission and Despatch Company (NTDC) has sought handing over of 132kV grids and transmission lines meant for evacuating power from the entire wind power plants (WPPs) in Sindh to Hyderabad Electric Supply Company (Hesco) with immediate effect for better operation and maintenance (O&M) of the system. https://epaper.dawn.com/DetailImage.php?StoryImage=09_01_2022_009_010 09 Dawn
  EDITORIAL NEWS    
15 ‘Earthquake’ for textile industry? It’s understandable that reports of the commerce ministry scrapping the Textile and Apparel Policy 2020-25 have left the sector’s producers and exporters feeling abandoned and invoking the constitution about fundamental rights of businesses, etc. https://epaper.brecorder.com/2022/01/09/4-page/914504-news.html 04 Business Recorder

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