Date: November 30, 2020
DAWN NEWSPAPER
APTPMA thanks PM for approving textile policy 2020-25
SAI demands consistent gas pressure
Nepra urged to revise industrial tariff
Private sector hurt by massive govt borrowing: experts
Petrol prices may be revised upward
Petrol prices may be revised upward
Weekly Cotton Report, Business volume remains satisfactory with stable rate
Sydney records hottest November night
Trade – fair or freePakistan: a ‘big’ market with unimpressive inflows
Towards competitive gas market 2.0SBP offices, NBP authorized branches will remain open up to 9: PM on 30th November
65000 Peoples expire within one year due to pollutionDate: November 29, 2020
Foreign investors pull out $471.7mln from Pakistan’s debt market
FBR’s IRIS miscalculates income tax obligations
Gold prices fall Rs800/tolaSNGPL seeks determination of transportation tariff
Volume of business remains low on cotton market
Gold prices drop furtherGas pipeline control given to Russia
Italy may set up textile machinery plant
TDAP, SMEDA join hands to facilitate tradeAdministrative control of Gas pipe line handed over to Russia
SITE Association showed concern over scarcity of Gas in Industries
Recommended to rise the price of Petrol Rs2.55 & Hi Speed Diesel Rs2.70
Reduction of gold price by Rs.800
State Bank of Pakistan Ad,Date: November 28, 2020
DAWN NEWSPAPER
Sindh, Balochistan to facilitate SMEs
Virus surge, restrictions threaten economic recovery
Government of Sindh Ad, The only solution to prevent Corona is to follow certain SOPsTanzania offers trade, investment avenues
Businesses upset on tariffs plan
India GDP slumps 7.5pc, worst among major economies
SPI inflation slips 0.92pc on easing food prices
Gold rates rise Rs300/tolaTextile sector, CCoE approves power supply at cents 7.5/kWh for 2 months
Export of leather canvas or textile footwears, Duty drawback rates enhanced
SITE industrialists alarmed over proposals to hike power, gas tariffs
KCCI chief marvels at resilience of Tanzanian economy
Tanzanian trade delegation visits TDAP
THE RUPEE: PKR above 160 on open market
Business activity remains stable on cotton market
Expensive energy ‘biggest’ problemIndustrialists irked by planned tariff hike
Bank margins continue to improve
OGDC discovers gas reserves in BalochistanNotice issued to Govt for Sindh Industrial support package case
Per tola gold has become expensive, value of dollar surged by 39 paisasDate: November 27, 2020
DAWN NEWSPAPER
Stakeholders oppose SNGPL’s demand for 123pc hike in gas rate
Uninterrupted gas supplies to two Punjab fertiliser plants ordered
Halting UAE visasGas shortages in winter: Domestic, industrial consumers to get uninterrupted gas supply
SNGPL wants tariffs linked to supply capacity to meet revenue shortfall
Karachi facing power outages next summer?
KE plans $1.5 billion investment in energy value chain
FPCCI urges central bank to bring interest rate down to 5 percent
Market-based exchange rate system: State Bank’s foreign reserves have risen to $12.9 bn
‘Islamic banking can boost financial inclusion’
Simplified tax return form introduced
Online tax appeal filing from Jan 1
Forex reserves rise to $20.552bln
The danger of indiscriminate layoffsTariff for idle capacity of pipelines, Textile, CNG industries oppose SNGPL gas pricing formula
FPCCI chief for inclusion of all raw materials in SRO 1240(1)/2020
Flourishing economy, Parliamentary body for increasing trade volume with China, other countries
Karachi comes under focus again
HSATI urges CM to restore SITE Hyderabad infrastructure
Selection of cases for audit, LHC declares notices to taxpayers ‘ultra vires’
Super Tax, SC directs individuals, cos to deposit 50pc of dues
Senior lawyers object to proposed amendment to IT law
Effective Jan 1, 2021, Aggrieved taxpayers can challenge FBR orders via Iris
SBP supports Islamic banking industry: Sima Kamil
SBP asked to advise commercial banks to revise KIBOR on monthly basis
SBP’s forex reserves cross $13bn mark
Trade activity remains firm on cotton market
Taxation: Doctrine of mutuality
Covid-19 and Pakistan’s economy, Way forward-II
Rationalisation of subsidies is keyIndustries oppose new tariff formula
Gas firms to curtail supply to CNG stations, industry
Traders reject status quo in monetary policy
Yemen for exchange of business teams
Foreign exchange: SBP reserves rise $484m to $13.4bIndustry rejected the SNGPL Gas pricing formula
No load-shedding of Gas for Domestic & Industrial consumers for winter announced
Need of value addition in export Parlimani Committee
Trade delegation of TANZANIA visited TDAP
Foreign Exchange reserve reached $ 20 billion 55 coror & 24 lacsDate: November 26, 2020
DAWN NEWSPAPER
PM rules out shutdown of factories, businesses
Govt hints at increasing power, gas tariff in phases
UAE visa suspension linked to ‘security concerns’
Razak reviews stock position of PPEs
No quick end to economic damage after Covid-19 vaccine: UNCTAD
Only 14 of 44 fire tenders working in Karachi, SHC told
Colder December predicted amid more rain spells
New force to repair damaged roads
EXPORT PROCESSING ZONE’S INVESTORS AD, “APPEAL”
GOVERNMENT OF SINDH AD, WITH A FACE MASK FEEL OF SAFETYBusinesses, factories cannot be shut: PM Imran Khan
Govt to raise power, gas tariffs in phases
Gas crisis may create political problems for PM
Deeper gas crisis on the cards
UAE temporarily halts visas for 13 countries
FPCCI wants inclusion of all raw materials in SRO
India ranks No 1 in corruption in Asia: TransparencyIncrease in power, gas tariffs deferred by 3 to 4 years: SAPM
Expensive energy ‘biggest’ problem, WEF told
PM apprehends impending harm to economy
Plenary session of WEF on CSD, Govt follows liberal foreign investment regime: Hafeez
‘Third-World debt should be cancelled’
Media campaign in the offing, KCCI, SAI ‘to expose crumbling infrastructure’ in SITE
SEPA plans to conduct extensive air quality assessment survey
Experts highlight importance of seaports in country’s development
Field force established for road construction, renovation: Shallwani
SHC seeks report on dysfunctional fire engines
Cotton market remains stable; volume remains low
SECP directive to clearing houses
Covid-19 and Pakistan’s economy, Way forward — I
Citizens of 13 countries, UAE halts new visas over ‘security concerns’
India ranks No 1 in corruption in Asia: TIGovt to hike power, gas prices in phases
Tax holiday granted for Quaid-e-Azam Business Park
‘India most corrupt country in Asia’
Faulty cables disrupting fire helpline, SHC told
SEPA to analyse Sindh's air qualityCircular debts of Gas Companies reached 192 billion. Nadeem Babar
Karachi Chamber & SITE Association agreed to start movement
To find out the pollution in Sindh, monitoring will be started
India most corrupt country in Asia disclosed in the survey of Transparency InternationalDate: November 25, 2020
DAWN NEWSPAPER
Regulator suspends hearing for 86-paisa per unit hike in base power tariff
Fire destroys towel factory’s godown in Korangi
Drive to fine people without masks not yielding positive results
GOVERNMENT OF SINDH AD, WITH THE FACE MASK FEEL OF SAFETYDiscos, CPPA-G claim tariff raise, Nepra annoyed at ‘fabricated’ figures
Minister vows promotion of textile industry
Business community’s mixed reaction to monetary policy announcement
Mixed outlook seen for Ivory Coast cocoa main-crop
‘Export growth dependent on sale tax refunds’
MPS: Nothing profoundRupee recovers, gold loses shine
NEPRA defers tariff hike hearingValue of Rupee increased against Dollar, Gold Down
Factory, Shop & Madrasa caught fire, material of lacs became ashDate: November 24, 2020
DAWN NEWS PAPER
Industry rejects SSGC’s plea for gas price hike
SBP keeps interest rate unchanged at 7pc
NAB has transferred tax-related cases to FBR: chairman
APTMA AD,State Bank keeps interest rate unchanged at 7 percent
FPCCI, Turkey’s MUSIAD ink MoU
FBR AD,Export growth dependent upon sales tax refunds
Policy rate kept unchanged at 7pc
Cabinet to discuss industrial growth, PDM challenge today
Business community, NAB not pursuing sales and income tax-related cases: chairman
SECP decides to formulate laws related to establishment of digital assets
Legal cover to SMS, FBR decides to amend Income Tax Rules, 2002
MoC, TDAP hold awareness webinar on 2nd phase of CPFTA
FPCCI signs MoU with MUSIAD Turkey
Increase in average prescribed price, OGRA to hold virtual public hearing of SNGPL petition
KCA perturbed over drastic cut in cotton production
Cotton spot rate up by Rs100 to Rs9450SBP leaves interest rate unchanged at 7%
Power sector reforms to save Rs300b
Energy relief package unlikely to benefit SMEs
Monetary policy: SBP leaves interest rate unchanged at 7%Monetary policy: SBP leaves interest rate unchanged at 7% for 2 months
Hearing on request for increase in gas price completed
TDAP has organized awareness webinar on China-Pakistan FTA 2nd phase
Decided to send notices to taxpayers on mobile phones
Important meeting held at Governor House, Decline in Cotton productionDate: November 23, 2020
DAWN NEWS PAPER
Ogra to approach third party for gas meter testing
High prices of commodities keep people frustratedTax expert highlights flaws in Finance Act 2019
Weekly Cotton Report, Cautious buying observed, rates increased
KE, Nepra host joint consultative session for DISCOs
Inflation and its componentsDate: November 22, 2020
DAWN NEWS PAPER
SSGC seeks increase in gas tariff by Rs78.95 per MMBTU
Exports tax collection surges 50pc to Rs803mln in October
Knitwear exporters expect 5pc share in global trade
Rupee to remain range-bound next weekLesco to manage 1000MW industrial load with gas load-shedding in winter
Knitwear exports grow by over 12pc
Positive LSM trend a ray of hope for economic revival: FPCCI
Orangi traders seek KCCI’s help over a host of issues
KCA raises cotton spot rate by Rs50 to Rs9350
MPS, decision-making and accurate data
Dollar has lost its safe-haven shine?
FBR AD, YOUR LIFE STYLE TELLS HOW MUCH YOU EARN (Last Date 8 December 2020)Despite pandemic, knitwear exports pick up pace
FPCCI stresses continued growth of LSM
SBP likely to leave policy rate unchangedDate: November 21, 2020
DAWN NEWS PAPER
Pakistan improves rank on border trading index
FBR AD, HOLD THE HAND OF TRUST‘Pakistan’s trade facilitation improves since June 2018’
FBR to hire consultant to cross-verify big industrial units tax potential
Gold rates rise Rs500/tolaFBR to establish CITRO for centralised refund payment
MPS on 23rd, Policy rate likely to stay unchanged
THE RUPEE: Largely stable against USD
Cotton market, Volume of business rises due to buying by millsTextile sector facing raw material shortage
Govt plans new tax legislation
Switch to electric vehicles can end oil eraDate: November 20, 2020
DAWN NEWS PAPER
No decision on unbundling of SSGC, SNGPL
OGRA, VIRTUAL PUBLIC HEARING NOTICE‘KE wants to compensate Rs7.5bln bad debts through tariff adjustment’
Pakistan posts current account surplus of $382mln in Oct
State Bank’s forex reserves hit a 2.5-year high
FBR AD, HOLD THE HAND OF TRUSTOnward submission to ECC, PM approves incentive-laden textile policy
Readymade garments, bedwear exports post growth: Hafeez
Tracking, Monitoring of Cargo Rules, 2012, FBR issues draft amendments
‘Need of tax reform for small business owners’
Al-Karam Textile Mills joins hands with Make-a-Wish Foundation
SBP’s reserves move up by $191m
PKR could be in corrective phase
THE RUPEE: Fall above 160 against USD
KCA raises cotton spot rate by Rs50 to Rs9300
Cotton import: Which way from here?
GOVERNMENT OF SINDH AD, CORONA’S 2ND WAVE: STAY HOME BE SAFESBP reserves rise $191 million
Rupee weakens against dollarForeign exchange reserves reached at 20 billion dollar
FBR AD, HOLD THE HAND OF TRUSTDate: November 19, 2020
DAWN NEWS PAPER
Textile exports rise 6pc in October, LPG imports up
GDP to grow by 2.5pc in FY21: SBP
Rupee sees biggest fall in weeks
UAE suspends visit visas for Pakistan, 11 other countriesTo cope with gas deficit: ‘Govt decision to shut RLNG supply to CPPS to hurt exports’
State Bank forecasts growth to rebound 1.5 to 2.5 percent in FY2021
Pakistan saw negative economic growth first time after 1952: State Bank
UAE suspends visit visas for 12 countries, including Pakistan: FO
Pakistan, Russia to amend maga gas project agreement
SECP approves first P2P lending platform
Cotton arrivals in ginneries down 41pc
Glass half empty!PM says there will be no business growth bottlenecks
July-Oct: export growth inches up 0.62pc
Subsection 2 (8) of Sindh ST on Services Act 2011, SHC allows petitions against amendment
Industrial sector output declines by 2.6pc in FY20
Annual report 2019-20 unveiled, Economy poised to resume trajectory of recovery: SBP
SMEs of North Karachi: EOBI explains its position
Minimum tax liability, LTBA points out ‘glaring miscalculation’ by IRIS system
UAE suspends issuance of new visit visas
Cotton crop, Textile sector urges govt to increase cultivation area
Duty on cotton yarn to be reduced, PM’s visit to Faisalabad termed successful, encouraging
Cotton output shows alarming decline
Volume of business remains thin on cotton market
Cotton roadmapTextile exporters unable to finalise new orders
Pakistan, Russia sign revised gas pipeline deal
Government focused on sustainable growth: Shaikh
PM asks exporters to invest without worries
UAE visa suspension related to Covid: FOGDP growth will be 2.5, economy revived & came on track. SBP
Cause of inflation are tax & wrong polices. Experts
Fix $ rate for 6 months. Shaikh Nisar AhmedDate: November 18, 2020
DAWN NEWS PAPER
IMF plan to resume soon, says Hafeez
Foreign inflows in T-bills rise
Dry, cold, windy conditions to persist in cityFBR empowers chief commissioners to redress grievances
State Bank amends FCVA instructions
Gold prices fall Rs200/tolaGSP+ scheme of EU, Country faces prospect of suspension
FPCCI, SBP hold seminar on provision of soft loans to SMEs
TDAP implements E-Office system
FBR reminds taxpayers of filing tax returns before Dec 8
Cotton spot rate falls by Rs50 to Rs9250
Petroleum products: prices slashed
OGRA, VIRTUAL PUBLIC HEARING NOTICE
FBR AD, CONCEALING INCOME IS NOT POSSIBLE ANYMORE YOUR EXPENSES SAY IT ALL!Petroleum Division looks to split gas utilities
‘Cost reduction key to industrialisation’
Moving towards financial inclusion
Rupee weakens against dollarPer tola Gold down by Rs.200, value of Dollar further plunged by 14 paisas
OGRA, VIRTUAL PUBLIC HEARING NOTICEDate: November 17, 2020
DAWN NEWS PAPER
China’s factory output beats forecasts
E-visa facility set to be extended to 16 more countriesJapan exits recession as GDP grows 5pc in Q3
FDI increases 9.1pc to $733.1mln in July-October
Gold rates down Rs100/tolaCovid-related goods, Exemptions from duties, taxes extended for another 3 months
FBR’s DG of Internal Audit detects massive tax evasion in 6 months
‘Tax return form available in regional languages’
EOBI, SESSI officials ‘causing hardship’ for SMEs: NKATI chief
Country achieves nearly $200m business in a year despite Covid-19: PRGMEA
KCA cuts cotton spot rate by Rs100 to Rs9300
LSM: post-mortem 1QGovt mulls single electricity tariff
SMEs continue to face harassment
FBR simplifies income tax return form
TDAP shifts to E-Office SystemDate: November 16, 2020
DAWN NEWS PAPER
Petrol, HSD prices slashed by 1.7pc
SBP and moral currencyWeekly inflation falls to three-month low, recorded at 7.68pc
Petrol, diesel prices go downKE’s issues, Centre seeks time for submitting ‘viable’ solution to SC
Prices of petrol and diesel slashed
Prices of essential kitchen items increased sharply
Weekly Cotton Review: Bearish trend continues in local marketA rare opportunity for exports
A sour deal for economy and democracyPer litre Petrol price down by Rs 1.71, Diesel Rs 1.79
1500 new Companies registered during Jan to Oct
Turk & German Scientist claimed that they did prepare Corona Vaccine
FBR Ad, Concealing Income is not possible anymore Your Expenses Say it allDate: November 15, 2020
DAWN NEWS PAPER
Circular debt will continue to haunt PM, says FPCCI
Exports to region down 24.4pc in Q1
US dollar falls to eight-month lowMinister assures businesses of end to ‘undue’ taxes
Govt mulls circular debt tax to offset fiscal pressure
Telemedicine facility for diabetic patients launched at Dow varsityGoods classification, determination: FBR notifies facility of advance ruling to importers
Hammad promises to end unnecessary taxes on businesses
UBG kicks off second round of FPCCI election campaign
Cut in power tariff for SMEs, ‘Increasing circular debt a continuous threat for govt’s move’
Towards competitive electricity market
POL products’ prices may be reduced
Bearish trend witnessed on cotton marketNeed for industrial revolution stressed
Govt to abolish unnecessary taxes: Hammad AzharDate: November 14, 2020
DAWN NEWS PAPER
LNG price notification runs into controversy
Hafeez asks for strategy to clear refund backlog
Clearance system for e-commerce developed
Flight into rupee rises as dollar fallsFBR directed to fine-tune systems for fast refunds
FBR develops e-Commerce clearance facility
Govt likely to reduce petrol price by Rs3.40 per litre
SNGPL disputes OGRA decision on LNG losses
SMEDA AD, FREE BUSINESS REGISTRATION SERVICESRs50m and above, FBR ordered to clear refunds
Loss-making SOEs, Govt decides to resume publishing annual report
Former FBR chairman Shabbar explains why he failed to deliver
Covid-19, FBR cuts staff strength by 50pc to contain infections
3-day Offline/Online Pak-China Industrial Expo inaugurated
Trade activity remains steady on cotton market
Building up foreign exchange reserves
FBR Ad, Concealing Income is not possible anymore Your Expenses Say it allSNGPL to contest OGRA’s cut in UFG charges
‘China can help Pakistan resolve energy woes’Sui Southern Gas also rejected the decision of OGRA
Likely to go down price of Petrol & Diesel
Karachi came on 3rd position in polluted city in the worldDate: November 13, 2020
DAWN NEWS PAPER
REMITTANCES JUMP 14PC TO $2.28BN IN OCTOBER
WRITE-OFFS REPORTING PERIOD CUT TO 10 YEARS
INDUSTRIALISTS URGE END TO ‘EXPLOITATIONNEPRA SEEKS FEEDBACK ON REFORMS TO DEREGULATE ELECTRICITY TRADING
STATE BANK CUTS ECIB REFLECTION TIME FOR CORPORATE BORROWERS
FOREX RESERVES RISE TO $19.9BLN
GOLD PRICES CONTINUE TO FALLREMITTANCES STAY OVER $2BN FOR FIFTH MONTH
WRITTEN-OFF CORPORATE LOANS, ADVANCES
JUL-SEPT: LSMI OUTPUT UP 4.81PC YOY
THE RUPEE: MORE GAINS VS DOLLAR
MURAD APPROVES LAUNCHING OF MUNICIPAL TAX PORTAL
KCCI APPOINTS CHAIRPERSONS OF SUBCOMMITTEES
LICENCES OF SEVEN BALOCHISTAN-BASED TRADE BODIES SCRAPPED
BUSINESS ACTIVITY FIRMER ON COTTON MARKETNEPRA TURNS DOWN WAPDA’S REQUEST
GOVT WORKING TO PRODUCE 4-WHEELERS UNDER EV POLICY
FOREIGN EXCHANGE: SBP RESERVES RISE $558M TO $12.7B
EXPRESS NEWS PAPER
IMF REFUSED TO APPROVE 06 BILLION $ PROGRAM WITHOUT ENHANCE OF ELECTRIC & GAS RATE
TOWEL EXPORTER DEMANDED TO REMOVE DUTY ON YARN IMPORT
$ FURTHER WENT DOWN, GOLD DOWN BY RS. 200 PER TOLA
FOREIGN EXCHANGE RESERVE SURGED BY 55 CAROR 33 LACS $.
WRITTEN OFF LOAN RECORD MAINTAIN UPTO 10 YEARS
Date: November 12, 2020
DAWN NEWS PAPER
Ogra slashes losses allowed to SNGPL, SSGC for regasified LNG
FBR signs MoU with Nadra for data sharing
Labour department signs MoU for home-based workers’ registrationGovt cuts UFG on RLNG consumers up to 6.3pc
FBR, Nadra sign MoU for data exchange to expand tax base
State Bank sees lending flows subdued amid pandemic uncertainties
Public debt up 1.65pc to Rs35.68trln in July-Sept
Foreign debt, liabilities increase 7pc to $113.8bln in Q1
FBR Ad, Concealing Income is not possible anymore Your Expenses Say it allExport enhancement, TMA hails govt’s efforts to remove impediments
NKATI urges minister to review demands of local goods transporters
Absence of taxpayer, KTBA urges FBR to withdraw all orders passed ex parte
UBG’s manifesto is to eradicate ‘fake’ associations: S M Muneer
Ogra slashes UfG for RLNG consumers
SECP to regulate digital/virtual assets
Banking sector manages to grow by decent pace in H1CY20: SBP
External debt, liabilities hit historic level of $113.8bn
Cotton market, Volume of trade thin due to cautious buying by mills
The Multan Chamber of Commerce & Industry AdDebt, liabilities jump to Rs44.8tr
Govt to conduct audit of dry wells
Majority of businesses fear second lockdown
Foreign reserves likely to increase by $1.5b
Rupee strengthens against dollar
FBR, NADRA ink accordDate: November 11, 2020
DAWN NEWS PAPER
Five-year textile policy finalised, awaits approval
Expand renewable electricity supply: WB
PIA announces new fares, rules for Umra pilgrims
Karachi circular train resuming on 16th
New Delhi’s air quality at worst levels this yearDelay in FBR taxpayers’ profile form slammed
State Bank says exchange rates in orderly two-way movement for first time
EFP vows socially responsible labour practices
Amendment of PPAs with IPPs: Pakistan to get benefit of Rs11,000 bn in next 30 years
Gold rates drop Rs2,500/tolaTowel Manufacturers Association of Pakistan’s Ad, “TRANSFORMING CHALLENGES TO SUCCESS”
Subsidies stand at 4.5 of GDP, cabinet told
First time-ever forex rates moving both ways: SBP governor
FBR issues stern warning to non-filers
Banking information, FBR alerts taxpayers against fake SMS messages
Form has not yet been prescribed: KTBA
KE delegation meets SITE Superhighway Association members
Cancellation of WCCIQ licences, Secy Commerce upholds DGTO decisions
Expansion of solar, wind power can help save $5bn: WB
‘Employers committed to promoting socially responsible labour practices’
PIA announces Umrah flights from various cities
THE RUPEE: Upward trend continues
Business remains stable on cotton marketGovt committed to resolving tax issues
Digitisation to power industrial revolution
Gold price dips Rs2,500 on vaccine hopes
Rupee strengthens against dollarMeeting held representative of Association of seven Industrial Areas of Karachi
PIA announced Umra policy of 2020, valid up to 31st DecemberDate: November 10, 2020
DAWN NEWS PAPER
48 paisa per unit increase in electricity rates for Discos notified
Reforms approved to usher in competitive power markets
Rupee gains 18 paisas against dollar to settle below Rs159
‘Milestone’ Covid vaccine claims boost hopeRupee ranks Asia’s top 3 after hitting six-and-a-half months high
FPCCI says agriculture weakest link in economic planning
Small traders warn another lockdown to prove destructive
LTO Karachi posts 10pc growth in revenue collection in July-October
Govt significantly raises licence fee for on-site electricity generation
Discos to collect Rs0.4828 per unit extra from power consumers in Nov
Let’s redefine the ‘common man
Gold rates fall Rs700/tolaHafeez raises the alarm, ‘Superfluous’ subsidies can invite IMF’s ire
FBR unveils timelines for notifying IT return forms
TDAP to be notified as registrant body for GIs
FPCCI election commission declares Gohar elected SVP
KCA cuts cotton spot rate by Rs200 to Rs9400
Pfizer claims vaccine over 90pc effective
Post-pandemic support packages
DG Khan Chamber of Commerce & Industry (DCCI). AdNEPRA raises power tariff by Rs0.48 per unit
Rupee becomes 3rd best Asian currency
First 'milestone' Covid vaccine 90% effectiveElectricity gone expensive by 48 paisas, not will be implemented on KE consumers
Dollar gone on its lowest level for last seven months & reached 158.91
Likely to reach price per 40 kg Cotton at Rs.10,000Date: November 9, 2020
DAWN NEWS PAPER
MOE-FBR TIFF PUTS ECC DECISION IMPLEMENTATION ON HOLD
AD:INNOVATION VEHICLE REGISTRATION SET-UP ACROSS SINDH PROVINCE
HOW IS THE RUPEE GAINING STRENGTH?CPR PAID ON IMMOVABLE PROPERTIES IN ICT
WEEKLY COTTON REVIEWDEALING WITH GAS CRISIS: OPTIONS AND CHOICES
IS ECONOMY READY TO TAKE OFF?
EXPRESS NEWS PAPER
Date: November 8, 2020
DAWN NEWS PAPER
Commerce sets $37bn export target in next five years
SBP making loan schemes for SMEs
Timely refund payment spurs activity: FBR
Increase in power load limitFBR pilots new system to curb bogus invoices
Banks defer payments on Rs655 billion loans to mitigate coronavirus effects
Cotton prices down despite anticipated wide shortfall
China’s export growth hits highest level in 19 months
Weekly SPI inflation declines 0.12 percent
Gold prices fall Rs700/tolaPower sector, Economic team’s worries grow over lesser recoveries
Wapda chief finds serious issues in K-IV project
PM urged to enhance load limit for SMEs
FASTER plus processing refunds in 42-72 hours: CTO
CM urged to stop SESSI from ‘harassing’ industrialists
Chinese products on display, Pakistan Industrial Expo from 13th
KCA cuts cotton spot rate by Rs100 to Rs9600
Power tariff relief, Right step but one of manySBP chief discusses Covid fallout
State Bank set to launch micropayment gatewayDate: November 7, 2020
DAWN NEWS PAPER
SBP assures support for growth of economy
Wapda team informed about hurdles in K-IV projectState Bank says banking system equipped to capitalise on economic potential
WAPDA halts K-IV project citing serious technical issues
CCAC to revisit cotton estimate next week
Anybody not wearing mask to be fined Rs500 in Karachi
Dismantling of the world trade system
Gold rates surge by Rs1,400/tolaFPCCI urges SCO to adopt tangible business-led agenda
Govt should revive zero-rating for export sector: PBIF
Removal of duty on 152 tariff lines, ECC puts MoC’s proposal on hold
SOP-II of KWSSIP, Sindh govt will carry out environmental, design studies
THE RUPEE: Strength vs USD on rise
Bearish trend witnessed on cotton market
FBR AD, “Don’t Delay - File Today” LAST & FINAL DATE TO FILE INCOME TAX RETURNS 8th Dec 2020 (NO FURTHER EXTENTION)SBP keen on dialogue with businessmen
Sindh tightens Covid-19 restrictions
WhatsApp takes on Google, Alibaba in India
GUJRANWALA CHAMBER OF COMMERCE & INDUSTRY AD,Value of Dollar going down & reached 159.09
Per tola Gold has become expensive by Rs.1400
FBR AD, LAST & FINAL DATE TO FILE INCOME TAX RETURNS 8th Dec 2020 (NO FURTHER EXTENTION)Date: November 6, 2020
DAWN NEWS PAPER
Bank deposits rise by 20pc in October
SBP reserves up $61mPakistan’s July-Sept fiscal deficit rises to 1.1pc of GDP
Thailand proposes virtual talks for FTA with Pakistan
Forex reserves rise to $19.35bln
Gold rates up Rs1,000/tolaIOCO assures APTMA of revising duty drawback rates on exports
Businesspeople hail relief in power tariff
FBR urges exporters to take advantage of DTRE scheme
Commercial importers, Deadline for filing Annex-H extended
SBP’s reserves move up by $384m in 3 weeks
To finalise FTA with Pakistan, Thai envoy for holding virtual negotiations
Trading activity remains steady on cotton market
BQATI Ad,Pak-Iran urged to set up banking channels
Exporters assured of revision in rates
Bank deposits grow 20% to Rs16.66tr
SBP reserves rise $61m to $12.2b
Thai consul general seeks virtual talks to finalise FTA
PHMA Ad,Dollar further down & reached Rs.159.46
Gold has become expensive by Rs.1000
Date: November 5, 2020
DAWN NEWS PAPER
ECC forms committee to resolve circular debt issue
Govt asked to devise water conservation plans to cope with freshwater crisis
Govt raises Rs373bn from T-bills, PIBsForex deposits stability: Saudi Arabia, UAE agree to extend $4 bn loan
Relief in power tariff to large industry: SMEs to be financed through Covid-19 Fund
Committee formed to clear circular debt
Businessmen’s income, sales tax cases referred to FBR
FBR sets up body to resolve tax refunds issues
Company registration up 26pc to 2,107 in Oct
Industrial support package lauded
ECC forms committee to get rid of circular debt
KE launches tele-billing service for senior citizens
Gold prices fall Rs500/tolaPayment of ST refund in Sindh, FBR forms Complaint Resolution Committee
Trade figures differ yet again
Body formed to deal with Rs1trn circular debt
EU lauds progress towards FATF action plan
Dawood for taking full benefit of industrial support package
Cut in energy costs, SMEs, industrial sectors welcome govt’s decision
Industries, 25pc cut on additional electricity bill a good omen: EFP President
Increase in tariff sought: Nepra set to hear Wapda’s petition on 12th
KTBA urges FBR to grant general condonation of 60 days to taxpayers
BoI team visits QCCI to discuss business impediments
Cotton market: Trading volume remains low due to cautious buying by mills
First-ever fastest 5G video call experiment goes successful
Power tariff relief to fuel economic activityResearch vital to support trade
Rupee strengthens against dollarSECP registered 2107 new Companies in Oct
Industrial Sector welcomed the reduction in Power tariff
KATI welcomed of Prime Minister announcement
Dollar further declined, reached 159.81, gold down by Rs.500Date: November 4, 2020
DAWN NEWS PAPER
Major power tariff relief for industries
Industry hails power tariff reduction
ECC to decide on 152 tariff lines today
Exports in October rise 2.1pc to $2.06bn
High liquidity pushes dollar below Rs160
Cotton arrivals plunge 43pc as crop failure loomsTrade deficit narrows 23pc in October
Industrial power incentives expected to augur well for troubled economy
‘Pakistan needs to refocus on value-added exports to China’
Tax returns set to hit 3 million mark
Sales tax collection on imports up 4.5pc in July-Oct
Cotton stockpiles fall record 43 percent; imports likely to surge
Gold rates up Rs900/tolaHuge potential for export of value-added products to China: CG
Local industry, Power relief package to enhance competitiveness, says minister
PM takes power relief step to help boost exports
Cheap power to industries, KE, Govt to give Rs21bn subsidy from Covid Package
FBR says there will be no extension in return filing deadline
4 months of FY21: exports show 0.1pc negative growth YoY
THE RUPEE: $ falls below Rs160
KCA cuts cotton spot rate by Rs200 to Rs9700Peak-time power rates for industry abolished
Pakistan’s exports fail to pick up
‘Value addition key to boosting exports to China’
Pakistan urged to boost trade with Belgium
Rupee hits six-month high, stands below 160
Cotton shortfall points to chronic woes
FBR AD, “Don’t Delay - File Today” Last & Final Date to File Income Tax Returns 8th Dec 2020Country export stagnant during the last 4 months of 2020-21
Rejected the demand of IMF to enhance tax rate
Traders & Industrialists should focus on value addition
Farmer & Cotton sector worried about extra ordinary reduction in Cotton Production
Date: November 3, 2020
DAWN NEWS PAPER
SC enhances GIDC recovery period to 60 months
Power tariff relief for industries to be unveiled today
Power sector circular debt rises to Rs2.26tr
Exports back to pre-pandemic level: Razak
October inflation eases slightly to 8.9pcPM’s directives disregarded: ECC decides to slash industrial power tariff by 30pc
Circular debt of power sector touches Rs2.3tr, PAC told
FBR collects Rs1.3trln to surpass four-month target
No yarn shortage in country: APTMA
State Bank’s micro payment gateway likely to go live by year-end
Gold prices rise Rs1,100/tolaTax adjustment on wasted inputs disallowed
Gold, platinum and silver categories, Importers, exporters to enjoy 24/7 frontline treatment: FBR
Review of GIDC judgment, SC dismisses petitions
Exports register lower growth in Oct: Dawood
Readymade garments take charge
BMP announces candidates for FPCCI elections
Power Division, Circular debt up by Rs116bn, PAC told
Cotton spot rate falls further by Rs100 to Rs9900SC rejects review petition in GID cess case
ECC indecisive on tariff for industriesECC approves concessionary tariff for Industries
Complains surged to Baking Mohtasib of Consumers
Value of Dollar further plunged & reached Rs.160.10Date: November 2, 2020
DAWN NEWS PAPER
Saudi Arabia opens borders for Umrah
BUSINESS RECORDER
Weekly Cotton Review, Rates show declining trend
Ad of PHMEA and other AssociationsDate: November 1, 2020
DAWN NEWS PAPER
FPCCI asks govt to cut taxes, duties on POL
Meagre cut in petrol, diesel prices
Revenue sees lacklustre growth in October
Remittance inflows to increase by 9pe, says WB
Pakistan sees 1,000 cases a day first time in 90 daysOpening early helped Pakistan boost exports during pandemic
FBR unearths Rs3.5 billion of tax evasion by importers
Foreign investors dump $430.4mln of debt assets in four months
Long-term forces stack up against the dollar
Rupee seen range-bound next week
Petrol price reduced by Rs1.57, diesel by Re0.84 per litre
World Justice Project 2020: Pakistan slips down in absence of corruption, rule of law indexFPCCI chief seeks cut in levies, taxes ratio on oil
RTO seeks business community’s help to expend tax net
EFP vows to promote OSH to combat Post Covid-19 challenges
Cotton spot rate falls by Rs100 to Rs10000FBR AD, “Don’t Delay - File Today” Last & Final Date to File Income Tax Returns 8th Dec 2020
Businessmen call for cut in POL levies
China’s factory activity slows slightly in Oct
TDAP holds webinar on trade lawsTDAP has organized webinar in Nigeria with cooperation of Pakistan High Commission
New software will be ended the frauds of bogus invoices
Date: November 27, 2020
DAWN NEWSPAPER
Stakeholders oppose SNGPL’s demand for 123pc hike in gas rate
Uninterrupted gas supplies to two Punjab fertiliser plants ordered
Halting UAE visasGas shortages in winter: Domestic, industrial consumers to get uninterrupted gas supply
SNGPL wants tariffs linked to supply capacity to meet revenue shortfall
Karachi facing power outages next summer?
KE plans $1.5 billion investment in energy value chain
FPCCI urges central bank to bring interest rate down to 5 percent
Market-based exchange rate system: State Bank’s foreign reserves have risen to $12.9 bn
‘Islamic banking can boost financial inclusion’
Simplified tax return form introduced
Online tax appeal filing from Jan 1
Forex reserves rise to $20.552bln
The danger of indiscriminate layoffsTariff for idle capacity of pipelines, Textile, CNG industries oppose SNGPL gas pricing formula
FPCCI chief for inclusion of all raw materials in SRO 1240(1)/2020
Flourishing economy, Parliamentary body for increasing trade volume with China, other countries
Karachi comes under focus again
HSATI urges CM to restore SITE Hyderabad infrastructure
Selection of cases for audit, LHC declares notices to taxpayers ‘ultra vires’
Super Tax, SC directs individuals, cos to deposit 50pc of dues
Senior lawyers object to proposed amendment to IT law
Effective Jan 1, 2021, Aggrieved taxpayers can challenge FBR orders via Iris
SBP supports Islamic banking industry: Sima Kamil
SBP asked to advise commercial banks to revise KIBOR on monthly basis
SBP’s forex reserves cross $13bn mark
Trade activity remains firm on cotton market
Taxation: Doctrine of mutuality
Covid-19 and Pakistan’s economy, Way forward-II
Rationalisation of subsidies is keyIndustries oppose new tariff formula
Gas firms to curtail supply to CNG stations, industry
Traders reject status quo in monetary policy
Yemen for exchange of business teams
Foreign exchange: SBP reserves rise $484m to $13.4bIndustry rejected the SNGPL Gas pricing formula
No load-shedding of Gas for Domestic & Industrial consumers for winter announced
Need of value addition in export Parlimani Committee
Trade delegation of TANZANIA visited TDAP
Foreign Exchange reserve reached $ 20 billion 55 coror & 24 lacsVolume of business remains low on cotton market
Date: November 30, 2020
DAWN NEWSPAPER
APTPMA thanks PM for approving textile policy 2020-25
SAI demands consistent gas pressure
Nepra urged to revise industrial tariff
Private sector hurt by massive govt borrowing: experts
Petrol prices may be revised upward
Petrol prices may be revised upward
Weekly Cotton Report, Business volume remains satisfactory with stable rate
Sydney records hottest November night
Trade – fair or freePakistan: a ‘big’ market with unimpressive inflows
Towards competitive gas market 2.0SBP offices, NBP authorized branches will remain open up to 9: PM on 30th November
65000 Peoples expire within one year due to pollution