IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS THURSDAY 25th NOVEMBER, 2021

S.# Description Pg. # Source
1. SBP explains how economic rebound achieved in FY21 The State Bank of Pakistan (SBP) Wednesday said that the economic rebound during the last fiscal year was achieved without a worsening of macroeconomic imbalances.  https://epaper.brecorder.com/2021/11/25/1-page/908919-news.html 1 Business Recorder
2. 7-9pc inflation projection with multiple upside risks Some 7 to 9 percent inflation projection for this fiscal year has multiple upside risks like higher global commodity prices and upward revision in utility tariffs on the domestic front, the State Bank of Pakistan (SBP) said in its annual report issued on Wednesday. https://epaper.brecorder.com/2021/11/25/1-page/908921-news.html 1 Business Recorder
3. 4-5pc growth projected  The State Bank of Pakistan (SBP) Wednesday projected that economic recovery is likely to gain further momentum and GDP growth will be in the range of 4-5 percent during this fiscal year (FY22). However, it said, deep-rooted structural impediments are need to be addressed for sustainable growth momentum. https://epaper.brecorder.com/2021/11/25/1-page/908922-news.html 1 Business Recorder
4. Slow pace of economic uplift a source of concern: SBP  The State Bank of Pakistan (SBP) Wednesday said that the slow pace of economic development in Pakistan is a source of concern. However, investments in productivity would help smoothen the economic cycles and enable sustained long-term economic growth.
https://epaper.brecorder.com/2021/11/25/1-page/908923-news.html
1 Business Recorder
5. Body formed to enhance oil storage capacity at Keamari The Cabinet Committee on Energy (CCoE) has constituted a committee under the chairmanship of Special Assistant to the Prime Minister on CPEC, Khalid Mansoor, for preparation of oil storage capacity enhancement plan at Keamari, keeping in view existing storage capacities at ports, official sources told Business Recorder. https://epaper.brecorder.com/2021/11/25/1-page/908910-news.html 1 Business Recorder
6. Sovereign’s “B-” Sustained reforms could create positive rating momentum: Fitch
Continued adherence to the International Monetary Fund (IMF) Extended Fund Facility (EFF) reform agenda would increase the likelihood of achieving outcomes that would lead Pakistan to positive rating momentum; however, political pressures could test the government’s commitment to reform, particularly, if inflation accelerates from its already high levels, says Fitch Ratings. https://epaper.brecorder.com/2021/11/25/1-page/908920-news.html
1 Business Recorder
7. Tarin tells ministry to build up strategic reserves of sugar Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin Wednesday asked the Ministry of Industries and Production to take appropriate measures for creating strategic reserves of sugar for smooth supply in the coming months. https://epaper.brecorder.com/2021/11/25/1-page/908913-news.html 1 Business Recorder
8. Supply of 1,400MW Govt finalises new PPAA, ICA with KE
The Power Division has reportedly finalized new Power Purchase Agency Agreement (PPAA) and Inter-Connection Agreement (ICA) with Karachi Electric (KE) for supply of 1,400 MW electricity to the latter, but disagreement still exists on base load verses firm capacity and Late Payment Surcharge for regulatory delays between the two parties, well informed sources told Business Recorder. https://epaper.brecorder.com/2021/11/25/1-page/908916-news.html
1 Business Recorder
9. THE RUPEE: PKR’s gains prove short-lived The currency’s volatile ride continued as after successive gains Pakistan’s rupee was back to its losing ways against the US dollar, closing over the 175 level at the inter-bank market on Wednesday. https://epaper.brecorder.com/2021/11/25/1-page/908924-news.html 1 Business Recorder
10. Bears rule stock market Pakistan Stock Exchange Wednesday remained under severe pressure and closed in deep red on the third consecutive day due to continuous heavy selling by local and foreign investors.  https://epaper.brecorder.com/2021/11/25/1-page/908918-news.html 1 Business Recorder
11. Blue economy in Indian Ocean: Panel expresses its concerns over govt’s lack of interest A parliamentary panel on Wednesday expressed dissatisfaction over lack of interest shown by the government to explore the potential benefit from the blue economy given its geographical location – 1,047 kilometres coastal area and 290,058 square kilometres seawater in Indian Ocean. https://www.brecorder.com/news/40135725 2 Business Recorder
12. PPDA to go on strike from today Pakistan Petroleum Dealers Association (PPDA) has announced to observe strike and suspend supplies from its petrol pumps for an indefinite period from Thursday. https://epaper.brecorder.com/2021/11/25/3-page/908941-news.html 3 Business Recorder
13. PSO, Shell Pakistan, Total stations to remain open today The Petroleum Division, on Wednesday, stated that petrol stations owned by oil marketing companies (OMCs) including the Pakistan State Oil (PSO), Shell Pakistan, Total will remain open today (Thursday). https://epaper.brecorder.com/2021/11/25/3-page/908942-news.html 3 Business Recorder
14. FBR overburdens LTOs by clubbing medium and large manufacturers together The Federal Board of Revenue (FBR) has overburdened Large Taxpayer Offices (LTOs) by combining medium size manufacturers with the larger ones to streamline their revenues, said reliable sources. https://epaper.brecorder.com/2021/11/25/4-page/908945-news.html 4 Business Recorder
15. Construction of water reservoirs Meezan Bank-led consortium to give Rs25.5bn Islamic finance facility
Meezan Bank led consortium to provide Rs 25.5 billion Islamic Syndicated Project Finance Facility for the development of a 45 Cusec water supply project from Nabisar to Vajihar. https://epaper.brecorder.com/2021/11/25/5-page/908951-news.html
5 Business Recorder
16. Sugar, sugarcane FPCCI underscores need for inter-provincial trade
Mian Nasser Hyatt Maggo, President FPCCI, Wednesday proposed that inter-provincial trade and transportation of sugar and sugarcane should be allowed to end disparity in prices and availability status across different provinces. https://epaper.brecorder.com/2021/11/25/5-page/908956-news.html
5 Business Recorder
17. ‘Digital tech can unlock Rs9.7trn annual economic value by 2030’ Digital transformation can help Pakistan unlock up to Rs.9.7 trillion (59.7 Billion USD) in annual economic value by 2030, equivalent to about 19% of the country’s GDP in 2020, according to a new report commissioned by Google. https://epaper.brecorder.com/2021/11/25/5-page/908952-news.html 5 Business Recorder
18. MCM set to become first vehicle exporter of Pakistan Master Changan Motors (MCM) has taken a leap to become the first auto assembler to export vehicles from Pakistan. After revealing the sketches of its upcoming SUV segment, the MCM claimed that the upcoming SUV launch would be the first-ever ‘global launch’ for any vehicle in Pakistan. https://epaper.brecorder.com/2021/11/25/5-page/908957-news.html 5 Business Recorder
19. Gold price rises Rs2,500 per tola Gold prices on Wednesday gained a big value on the local market, traders said. https://epaper.brecorder.com/2021/11/25/7-page/908972-news.html 7 Business Recorder
20. PC board all set to approve reserve price of HEC The Privatisation Commission (PC) Board which is scheduled to meet on Thursday (toady) is all set to approve Reserve Price of Heavy Electrical Complex (HEC) to be based on Discounted Cash Flow (DCF), Comparable Market Multiple and Net Asset Value (NAV), sources close to Secretary Industries told Business Recorder. https://epaper.brecorder.com/2021/11/25/12-page/908996-news.html 12 Business Recorder
21. Measuring poultry GDP It is that time of the year again. Yesterday, SBP released its flagship annual economic publication – State of the Economy – for FY21, largely validating macro-economic statistics as published by Finance Ministry in its Economic Survey 2020-21 more than six months ago. https://epaper.brecorder.com/2021/11/25/13-page/908998-news.html 13 Business Recorder
22. Small business on cotton market The Spot Rate on Wednesday remained unchanged at Rs 17500 per maund. https://epaper.brecorder.com/2021/11/25/16-page/909004-news.html 16 Business Recorder
23. Reforms offset Pakistan’s surging external risks, says Fitch Ratings Fitch Ratings says that Pakistan’s recent policy adjustments and demonstrated access to external financing, as well as its commitment to a market-determined exchange rate, offset rising external risks from a widening current account deficit. https://epaper.dawn.com/DetailNews.php?StoryText=25_11_2021_009_006 9 Dawn
24. Trading on GEM board to begin tomorrow With the maiden listing of Pak Agro Packaging Ltd, trading on the Growth Enterprise Market (GEM) board of the Pakistan Stock Exchange (PSX) will start tomorrow (Friday). https://epaper.dawn.com/DetailNews.php?StoryText=25_11_2021_009_003 9 Dawn
25. Central govt debt up 4 pc in July-Sept The country’s central government debt increased by four percent in the first quarter (July-September) of the current fiscal year while external debt also went up by almost the same percentage. https://epaper.dawn.com/DetailNews.php?StoryText=25_11_2021_009_007 9 Dawn
26. Bank deposits rise 13pc to Rs19.34tr The deposits of scheduled banks jumped 13.2 percent during the first 10 months (January to October) of the ongoing year while their investment grew 21pc, data issued by the State Bank of Pakistan (SBP) showed on Wednesday. https://epaper.dawn.com/DetailNews.php?StoryText=25_11_2021_009_004 9 Dawn
27. PSW okays regulatory content of 22 bodies Pakistan Single Window (PSW) on Wednesday validated the regulatory content of 22 other government agencies (OGAs) in Trade Information Portal of Pakistan (TIPP) with active contribution of all trade regulators. https://epaper.dawn.com/DetailNews.php?StoryText=25_11_2021_009_005 9 Dawn
28. Reply sought from SECP in plea against chief’s posting The Lahore High Court (LHC) on Wednesday sought replies from the federal government and the Securities and Exchange Commission of Pakistan (SECP) in a petition challenging the appointment of Amir Ali Khan as the regulator’s chairman. https://www.dawn.com/news/1660027 13 Dawn
  Editorial News    
29. A frail economy can undermine security Prime Minister Imran Khan while addressing the launch of the ‘track and trace’ system for sugar industry stated that the biggest problem facing us is that there is not enough money to run the country and consequently the country has to borrow. https://epaper.brecorder.com/2021/11/25/6-page/908959-news.html 6 Business Recorder
30. Currency exchange rates Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   176.80 236.00 198.00 28.00 47.00
17 Business Recorder

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