IMPORTANT BUSINESS NEWS / CURRENT AFFAIRS TUESDAY 14th September, 2021

S.# Description Pg. # Source
1. Joint sitting marred by opposition boycott, lack of media access President gives govt full marks in economy
President Dr Arif Alvi on Monday highlighted the ruling Pakistan Tehreek-e-Insaf (PTI) government’s three-year report card with the opposition boycotting the session in protest, while journalists were forced to stay away as the press gallery was found locked. https://epaper.brecorder.com/2021/09/14/1-page/900542-news.html
1 Business Recorder
2. Cabinet may give 10pc ad hoc relief allowance to MPs The Federal Cabinet, which is scheduled to meet on Tuesday (today), will consider grant of 10 per cent of ad-hoc relief allowance -10 per cent of the basic pay – to the members of parliament and Chairman/ Speaker, as well as, Deputy Chairman/ Deputy Speaker. https://epaper.brecorder.com/2021/09/14/1-page/900543-news.html 1 Business Recorder
3. Wheat ‘crisis’: TCP chairman likely to face the music The Economic Coordination Committee (ECC) of the Cabinet has reportedly held Chairman TCP responsible for wheat “crisis” in the country and directed Commerce Ministry to seek an explanation from him for not complying with the ECC’s clear directions, well informed sources in Ministry of National Food Security and Research told Business Recorder. https://epaper.brecorder.com/2021/09/14/1-page/900544-news.html 1 Business Recorder
4. ITFC to provide $600m to finance POL products’ imports The International Islamic Trade Finance Corporation (ITFC), on Monday, informed Pakistan that the ongoing syndication is about to complete and $600 million will be available to the country during this month to finance petroleum products imports. https://epaper.brecorder.com/2021/09/14/1-page/900545-news.html 1 Business Recorder
5. Govt working to repay $3bn Chinese investment: Khalid The government has started discussion with China to resolve repayment of US$3 billion China Pakistan Economic Corridor (CPEC) investment, becoming due, in a win-win situation for both the countries. https://epaper.brecorder.com/2021/09/14/1-page/900533-news.html 1 Business Recorder
6. THE RUPEE: Mixed movement PKR ended the first day of the week with somewhat of a mixed movement. https://epaper.brecorder.com/2021/09/14/1-page/900546-news.html 1 Business Recorder
7. Roadshows begin for PSM revival Federal Minister for Privatization Mohammed Mian Soomro initiated the activity of roadshows for revival of Pakistan Steel Mills, here Monday. https://epaper.brecorder.com/2021/09/14/1-page/900541-news.html 1 Business Recorder
8. KSE-100 Index inches up BRIndex100 ends flat
Pakistan Stock Exchange Monday witnessed a mixed trend as investors avoided taking fresh positions besides foreign selling. BRIndex100 gained 2.92 points or 0.06 percent to close at 5,050.84 points. BRIndex100 hit intraday high of 5,078.11 points and intraday low of 5,042.19 points. Volumes stood at 309.956 million shares. https://epaper.brecorder.com/2021/09/14/1-page/900539-news.html
1 Business Recorder
9. Trade expansion PFVA submits recommendations to NA body
All Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PFVA) has submitted its recommendations to special committee of the National Assembly on Agriculture products for the betterment of trade. https://epaper.brecorder.com/2021/09/14/3-page/900557-news.html
3 Business Recorder
10. Key enforcement, administrative measures IR Chief Commissioners to brief FBR chief on 18th
Chief Commissioners Inland Revenue (IR) would brief Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed on key enforcement and administrative measures, progress on point of sale (POS) integration, and complaint resolution in the upcoming meeting on September 18. https://epaper.brecorder.com/2021/09/14/4-page/900570-news.html
4 Business Recorder
11. Restaurant industry IRA examines deteriorating economic situation
The Islamabad Restaurants Association (IRA) held an emergency meeting, on Monday, to review the deteriorating economic situation of the restaurant industry across the country. https://epaper.brecorder.com/2021/09/14/4-page/900571-news.html
4 Business Recorder
12. Meeting with OICCI members German Emirati team informed about FDI opportunities
A 20-member German Emirati Chamber of Commerce and Industry (AHK) business delegation, which is visiting Pakistan for a firsthand assessment of business and investment opportunities in the country Monday held a meeting with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). https://epaper.brecorder.com/2021/09/14/5-page/900577-news.html
5 Business Recorder
13. CCP says 2 tractor makers ‘involved in cartelisation’ The Competition Commission of Pakistan (CCP) Monday completed an enquiry against the tractor industry, revealing two leading tractor manufacturers are abusing their dominant position and involved in cartelization. https://epaper.brecorder.com/2021/09/14/12-page/900630-news.html 12 Business Recorder
14. Cabinet seeks report on performance of SOEs The Federal Cabinet has directed the Ministry to submit performance report of State-Owned Enterprises (SOEs) on the basis of forensic audit being conducted by the Auditor General of Pakistan (AGP), well informed sources told Business Recorder. https://epaper.brecorder.com/2021/09/14/12-page/900631-news.html 12 Business Recorder
15. Monetary policy – be proactive The monetary policy committee meeting is on coming Monday (20th Sep). One can sense the change in the air.  https://epaper.brecorder.com/2021/09/14/13-page/900632-news.html 13 Business Recorder
16. On cigarette production While the country’s top cigarette manufacturers have posted strong bottom lines lately, the cigarette production, as captured by official data, has shown single-digit growth in the first half of CY21. https://epaper.brecorder.com/2021/09/14/13-page/900634-news.html 13 Business Recorder
17. Non-compliance with Nepra’s instructions continues July 2021 power generation was at a record high at over 15 billion units. https://epaper.brecorder.com/2021/09/14/13-page/900633-news.html 13 Business Recorder
18. Official spot rate recovers slightly The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 100 per maund and closed it at Rs 13200 per maund.
https://epaper.brecorder.com/2021/09/14/16-page/900638-news.html
16 Business Recorder
19. LCCI urges FBR to extend tax return filing deadline The Lahore Chamber of Commerce & Industry has urged the Federal Finance Minister Shaukat Tareen and Chairman Federal Board of Revenue (FBR) to extend the date for the filing of income tax returns till December 31, 2021. https://epaper.brecorder.com/2021/09/14/18-page/900663-news.html 18 Business Recorder
20. ZTE, United Mobile join hands to manufacture mobile handsets Pakistan information technology and telecom sector witnessed a major milestone on September 9 when a globally renowned telecommunication equipment manufacturer, ZTE Corporation, and United Communications announced to join hands to manufacture SIM based 4G/5G mobile handsets and various mobile broadband products in Pakistan. https://epaper.brecorder.com/2021/09/14/18-page/900664-news.html 18 Business Recorder
21. 10th CPEC JCC session likely to be held next week The much-awaited 10th session of the Joint Coordination Committee (JCC) for the China-Pakistan Economic Corridor (CPEC) is expected to be held in Islamabad next week, Special Assistant to the Prime Minister on CPEC Khalid Mansoor indicated on Monday. https://epaper.dawn.com/DetailImage.php?StoryImage=14_09_2021_009_002 9 Dawn
22. Wapda records highest peak-hour hydel generation at 8,854MW The Water and Power Development Authority (Wapda) says it recorded 8,854 megawatts of hydel power generation on Sunday night the highest peak-hour hydel generation of the year so far, and 1,277MW more than the level achieved on the same day last year. https://epaper.dawn.com/DetailImage.php?StoryImage=14_09_2021_009_008 9 Dawn
23. TCP issues tender to buy sugar  The Trading Corporation of Pakistan (TCP)has issued a new international tender to purchase 200,000 tonnes of white sugar, European traders said on Monday. https://epaper.dawn.com/DetailImage.php?StoryImage=14_09_2021_009_005 9 Dawn
24. SSGC announces four-day gas suspension for CNG outlets The Sui Southern Gas Company Ltd (SSGCL) on Monday announced that it will suspend gas supplies to all the CNG stations across Sindh and Baluchistan from midnight Sept 14 for four days. https://epaper.dawn.com/DetailImage.php?StoryImage=14_09_2021_009_004 9 Dawn
  International News    
25. PIA runs first chartered commercial flight to Kabul since Taliban take-over An international commercial flight left Kabul on Monday, the first since the Taliban retook power last month, offering some hope to Afghans still desperate to leave the country. https://epaper.brecorder.com/2021/09/14/3-page/900555-news.html 3 Business Recorder
26. Currency exchange rates Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   167.99 232.56 198.67 26.34 44.80
17 Business Recorder

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