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Towel Manufacturers Association of Pakistan


Date: October 30, 2020

DAWN NEWS PAPER

SBP reserves rise to $12.1bn

THE NEWS INTERNATIONAL

Nepra reserves decision on Rs1.37/unit raise in power charges

Circular debt stands at Rs 2,253 bn till end-Sept

SBP earns Rs1.163 trillion profit in FY2021

Forex reserves fall to $19.296bln

Rupee strengthens

BUSINESS RECORDER

Rs5,000 declared value, FBR grants relief on products imported thru courier services

GIDC judgment, SC tells govt to inform about initiation of gas projects

PHMA underscores need for promoting industrialization, enhancing exports

UBG forms alliance with BBG for FPCCI elections

FCA mechanism, Discos may be allowed to increase Sept tariffs

Covid-19, Talks on FTA halted owing to pandemic: Indonesia envoy

Business remains steady on cotton market

Gold dips

Imperative of less volatile exchange rate

TRIBUNE NEWS PAPER

No work started on any GIDC project: SC

Nepra to rule on tariff hike next week

PHMA stresses boosting exports

SBP reserves rise $55m to $12.12b

Rupee strengthens against dollar

EXPRESS NEWS PAPER
Value of dollar likely to down Rs.160

Date: October 28, 2020

DAWN NEWS PAPER

Second Covid wave under way in Pakistan

‘Smoking, diabetes, hypertension increase stroke risk in Covid patients’

THE NEWS INTERNATIONAL

Closure of industrial units warned on gas price hike

FBR online system’s glitches irk taxpayers

Knowing the inflation-corruption nexus

Dubai issues travel advisory for Pakistanis

Bank holiday

Rupee gains further

Gold rates drop Rs750/tola

BUSINESS RECORDER

MoF says unable to extend Rs350bn subsidy to ISP

Additional power for summer 2021, KE urges govt to finalise arrangement

EU-Vietnam FTA, expiry of GSP+ may hit Pakistani exports

KTBA asks FBR to ensure notices, correspondence via IRIS

NKATI rejects rise in electricity tariffs by K-Electric

TDAP holds awareness webinar on CPFTA phase-II

Repatriation of disinvestment proceeds, New mechanism to boost investor confidence: SBP

Trading activity remains firm on cotton market

Gold price falls

Public holiday

TRIBUNE NEWS PAPER

World Bank downgrades tax project

SBP eases procedure for remitting proceeds

Rupee strengthens against dollar

EXPRESS NEWS PAPER

Reduction in export of Egypt, Malaysia, Thailand & South Africa. Trade Advisor

Webinar arranged by Ministry of Commerce & TDAP on Pakistan China free trade agreement

Inflation reached 8.8% in 1st quarter of current fiscal year

Dollar came on lowest level as compare of Rupee during the last 05 months

New Travel Advisory issued for travel to Dubai

Date: October 27, 2020

DAWN NEWS PAPER

7.4m potential taxpayers in the system, says SAPM revenue

SECP registers 2,365 firms in September

Study warns Covid-19 may worsen TB, HIV services

THE NEWS INTERNATIONAL

Textile Policy 2020-25 on the cards: Targets $20.8 bn exports, gives more incentives

Gas tariffs up for industries

Support to SME sector urged

Rupee rises

Gold prices fall Rs100/tola

German envoy offers help to boost Pak cotton production

Despite low mortality rate, children must follow SOPs as they can transfer Covid-19

S Arabia to welcome foreign pilgrims for Umrah from Nov 1

BUSINESS RECORDER

CNG, power, general industry, Increase in gas prices notified by Ogra

Electricity to industrial consumers, Finance Ministry confused about subsidy arrangement

Avoiding lay-offs, SBP disbursed Rs229bn among 2,858 firms so far: IMF

Global outbreak of Covid-19, PRGMEA urges SBP to stop sending show-cause notices to exporters

Several members of BMP resign before upcoming FPCCI elections

SECP registered 2,365 firms in Sept

Cautious buying by mills seen on cotton market

Children can become silent carriers of coronavirus: experts

Public holiday on 12th of Rabi-ul-Awwal

TRIBUNE NEWS PAPER

PRGMEA seeks changes in regulations

Experts discuss changing trade rules

SME stakeholders seek support

Rupee strengthens against dollar

No change in gas prices for tandoors

EXPRESS NEWS PAPER

Gas expensive for CNG, Industry & Export sector

Industrial sector rejected the sudden rise in tariff of power sector

Traders announced to boycott French products

12th of Rabi-ul-Awwal to be Public holiday across the country

Date: October 26, 2020

DAWN NEWS PAPER

FATF says good, but not good enough

Workers’ convention demands due rights

THE NEWS INTERNATIONAL

‘Inhumane contract system has turned textile workers into slaves’

FBR launches tax awareness campaign

BUSINESS RECORDER

Additional electricity consumption, Govt decides to fix industrial tariff at Rs8/unit

Textile, cement and chemical, Hold in coal imports handling catalyses delay in production

Weekly Cotton Review, Fluctuation of rates observed

TRIBUNE NEWS PAPER

Boosting economic diplomacy

EXPRESS NEWS PAPER

TDAP organized Webinar jointly with SMEDA & SBP

App launched for ease of Tax filing. Member FBR

Date: October 25, 2020

THE NEWS INTERNATIONAL
Textiles tie new export orders to duty-free yarn import

Minister hints at gas load shedding for industrial consumers

Sindh ginning factories stall as cotton shortfall aggravates

UBG backs Taiwan for FPCCI polls

FBR targets economic growth

Rupee likely to gain further

BUSINESS RECORDER

SNGPL network, Petroleum Division says gas shortfall likely to deepen

Govt urged to allow duty-free cotton yarn to reduce production cost

Karachi commissioner agrees on separate authority for industrial areas

‘FBR’s main target is economy growth rather than revenues’

FPCCI elections, UBG nominates Khalid Tawab as its presidential candidate

Sheikhupura chamber elaborates steps to boost industrialization

Business remains firm on cotton market

TRIBUNE NEWS PAPER

Textile sector irked by low cotton yield

EXPRESS NEWS PAPER

Price continually going up of Cotton thread

Date: October 24, 2020

DAWN NEWS PAPER

Pakistan to stay on FATF grey list till February

Revival of industries will usher in jobs, says PM

Dollar’s slide continues against rupee; down Rs7 since August

New WeBOC module to facilitate TIR cargo movement

Withholding tax

THE NEWS INTERNATIONAL

FATF keeps Pakistan on grey list till Feb 2021

SPI slips 0.23pc after 8 precipitous weeks

FBR estimates Rs49bln revenue loss on sales tax concessions

Rupee strengthens

Gold rates down Rs350/tola

BUSINESS RECORDER

PM urged to defer EOBI audits for two years

Businesspeople asked to team up with traffic police

Country remains on ‘grey list’

SPI down 0.23pc WoW

THE RUPEE: Rupee strengthening

Cautious buying by mills on cotton market

Gold drops

Growth and exports

TRIBUNE NEWS PAPER

Power production drops 10.5% to 13,104 GWh

TDAP to hold webinar on trade laws

SPI decreases 0.23%

Rupee at 5-month high against dollar

Date: October 23, 2020

DAWN NEWS PAPER

PM wants end to ‘unnecessary’ withholding taxes

Sales tax rate, data sharing in focus as policy board meets

SBP mulls increase in export proceeds retention limit

THE NEWS INTERNATIONAL

FPCCI for accord implementation to promote intraregional trade

Automated duty drawback processes 8,000 refunds

State Bank likely to increase scope of exporter’s retention account

The crafty bureaucratic rents

FBR unearths Rs16bln sales tax evasion on tea whitener

FBR to widen dragnet to catch tax dodgers

Tax collection from dividends surges 42pc in July-Sept

Forex reserves rise to $19.301bln

Rupee gains

Gold prices fall Rs500/tola

BUSINESS RECORDER

Businesspeople, PM discuss how to boost exports

FBR Policy Board should look into tax collection, trade issues: Hafeez

Export proceeds retained in forex accounts, SBP decides to enhance scope of funds’ utilization

Maligning soldiers, Businessmen will not tolerate any criticism: S M Muneer

Rangers assure SITE association of full support

THE RUPEE: Gains vs USD extend

Power Division backs KE exclusivity

Foreign reserves surge to $12.066bn

Gold prices dip

Trading activity remains stable on cotton market

TRIBUNE NEWS PAPER

Nearly 8,000 refund claims processed, automated duty drawback system to create hassle-free environment for exporters

SBP plans steps for boosting exports

Adviser calls for broadening tax net

SBP reserves rise $268m to $12.06b

Rupee strengthens against dollar

EXPRESS NEWS PAPER

SBP considers new steps to enhance exports

Foreign exchange reserves surged by Rs.28 cror 61 lacs

Date: October 22, 2020

DAWN NEWS PAPER

C/A surplus moderates to $73m in September

‘Economic outreach roadmap envisages improved trade’

NCOC warns of shutting down services, again

THE NEWS INTERNATIONAL

C/A surplus at $792mln in July-Sept

State Bank extends timelines for circulars, guidelines

Rupee strengthens

Gold rates up Rs500/tola

Another lockdown if you keep flouting SOPs

BUSINESS RECORDER

FATF to decide country’s status tomorrow

First quarterly surplus in over 5 years, CA posts $792m surplus in Q1

CPPA-G seeks Rs1.37/unit raise in Discos’ tariffs for Sep

LSM: growth by mathematics

Moeed Yusuf addresses FPCCI meeting, Pakistan’s comparative advantage in priority countries being identified

COVID-19 challenges, SBP extends timelines for various regulatory requirements

NCOC considers lockdown amid resurgence of cases

KCA raises cotton spot rate by Rs200 to Rs10100

Gold up by Rs500 per tola

TRIBUNE NEWS PAPER

Current account: Surplus hits 17-year high

Govt creates economic outreach roadmap

Rupee strengthens against dollar

EXPRESS NEWS PAPER
Current account surplus reached 17-year high

Date: October 21, 2020

DAWN NEWS PAPER

Circular debt jumps 30pc to Rs2.15tr in FY20

Non-textile exports contract 5.6pc

THE NEWS INTERNATIONAL

FBR agrees to extend date for filing Form H

Subsidies help dodge circumstantial pressures

NEPRA’s charge sheet against DISCOs on low recovery and high losses

KE nears 3-year RLNG supply deal for 900MW plants

Sindh grants ROW for Karachi-Lahore gas pipeline

China’s super rich got $1.5 trillion richer during pandemic

Rupee extends gains

Gold rates down Rs300/tola

BUSINESS RECORDER

UfG of SNGPL and SSGC growing alarmingly

Nepra SoI Report 2020, 23-point formula to reduce electricity cost proposed

Recovery, losses, KE performance has worsened: Nepra

Hike in tariff will have no impact on KE’s profitability: CEO

FATF meeting begins today, Country likely to remain on ‘grey list’

FPCCI election 2021 schedule approved

Assets declaration laws, PTBA calls for stopping FBR field formations’ interference

E-filing of Sept GST return, KTBA urges FBR to extend deadline

Cotton: last rites?

Cotton spot rate up by Rs100 to Rs9900

THE RUPEE: USD falls against PKR

Walmart cranks up advertising drive, with or without TikTok

TRIBUNE NEWS PAPER

Govt borrows to repay debt: report

Circular debt jumps to Rs2.1tr

SSGC allowed to lay gas pipeline

Online shopping starts falling

EXPRESS NEWS PAPER

Circle debt of power sector reached 2.1 trillion

Tax application prepared by FBR for tax evaders

PIA announced to start weekly flights for London

Date: October 20, 2020

DAWN NEWS PAPER

Exporters’ interest will be protected in Afghan transit trade: Razak

SME sector a priority for State Bank

Worsening gas shortage

THE NEWS INTERNATIONAL

Maintaining monopolies

Income tax collection from exports falls 12pc to Rs1.6 billion in Q1

Taxpayers demand extension in return filing date

Cotton stockpiling falls 39pc

Rupee gains

Gold prices rise Rs350/tola

BUSINESS RECORDER

SBP to facilitate SMEs on a priority basis: deputy governor

Dawood reviews reforms, initiatives on PRMI

Sindh to be held responsible for any gas shortage in Karachi: Omar

‘Power sector reforms unlikely to pick up’

Plea for deferment of EOBI audits

THE RUPEE, Appreciates against USD

Business activity remains stable on cotton market

PAKISTAN TEXTILE EXPORTERS ASSOCIATION'S AD,

TRIBUNE NEWS PAPER

Karachi exporters to get LNG at lower cost

EXPRESS NEWS PAPER

Karachi's electricity rates are on par with other parts of the country

Delay in import of LNG, fear of gas crisis across the country

EOBI audit to be postponed for 2 years. Industrial Sector

Likely to import record cotton

Date: October 19, 2020

THE NEWS INTERNATIONAL
Saudi Arabia restarts prayers in Grand Mosque

BUSINESS RECORDER

‘Single portal and single return’, Provinces back development, implementation

Businessmen are backbone of economy: HCCI chief

Weekly Cotton Review, Business remains low

E-commerce during pandemic

Saudi Arabia restarts prayers in Grand Mosque

TRIBUNE NEWS PAPER

Opening up LNG market, finally

Trapped in low productivity cycle

Food inflation in double digits since Aug 2019

Date: October 18, 2020

DAWN NEWS PAPER

Textile exports jump 11.3pc in September

Private sector, gas firms to sign T&D agreement

Rising rupee fails to arrest food price spiral

THE NEWS INTERNATIONAL

FBR says revenue target oblivion to ground reality

Rs250bln tax refunds settled in six months

FPCCI warns govt against ‘too much’ reliance on IMF’s feed

‘SCCI has zero tolerance policy’

PIA to operate London flights

Cotton prices hit 10-year high

Gold rates fall Rs450/tola

BUSINESS RECORDER

Rs250bn released in 6 months,  ‘Faster Plus’ world’s best system for GST refunds: FBR Member

FBR issues time limits for notifying IT return form

Jul–Sept exports up 5.01pc YoY

PIA to resume UK operations by 30th

Gold price falls

Prices of essential kitchen items witness increase

Cotton spot rate falls by Rs100 to Rs9800

Cotton: crop of yesterday?

TRIBUNE NEWS PAPER

FBR to clear income tax refund backlog by year-end

Rising inflation to restrict economic growtht

EXPRESS NEWS PAPER

SMA RIZVI TEXTILE INSTITUTE “ADMISSION 2020-21”

Date: October 17, 2020

DAWN NEWS PAPER

Large-scale manufacturing sputters amid recovery as lockdowns recede

FDI slumps 51pc in September

Digitalisation of forex regulatory approvals launched

THE NEWS INTERNATIONAL

Paradigm shift: Govt to cut industrial power tariff by Rs6 per unit

SSGC evolves plan to meet winter needs

The gone growth

FDI falls 24pc to $415.7 million in first quarter

Big industry grows 1.2pc in August

State Bank updates exchange manual

Fire at Landhi Export Processing Zone doused after nine-hour efforts

BUSINESS RECORDER

LSMI output decreases 6.78pc in August

SPI up 0.45pc WoW

FDI down 24pc in Q1FY21

SBP amends exchange companies manual

Floating-rate PIBs: SBP amends instructions

APCAA raises issues related to customs reforms

SBP governor launches RAS for digitalization

FBR, BoRP sign MoU on data sharing

Cotton prices touch at 10-year high of Rs10200

TRIBUNE NEWS PAPER

LSM growth slows down to 1.2%

FDI hits 6-month high at $189m

Webinar held on exports to Africa

Date: October 16, 2020

DAWN NEWS PAPER

CCoE orders assessment of energy needs for winter

Unemployment to fall sharply in coming days, says Hafeez

Rupee hits five-month high against US dollar

Petroleum rates steady

Heart disease, stroke and diabetes among major causes of death: study

THE NEWS INTERNATIONAL

Low on productivity, not on skills

FPCCI gives election schedule

Rupee hits near 5-month high on strong dollar inflows

Forex reserves fall to $19.01bln

Gold prices drop Rs500/tola

BUSINESS RECORDER

ANF trying its best to facilitate exporters, importers: PCU

NKATI for uninterrupted water supply to industries

Opportunities for enhancing of textile exports to Africa explored

SBP’s reserves fall by over $1bn on debt servicing

KCA raises cotton spot rate by Rs100 to Rs9900

Petrol prices remain unchanged

TRIBUNE NEWS PAPER

Cabinet body for no gas outages in winter

High tariff unlikely to control debt

Private sector to start LNG import from Nov

ANF seeks access to WeBOC, Official says it will reduce container examination time, expedite imports and exports

Rupee continues to recover against dollar

Foreign exchange: SBP reserves fall $356m to $11.79b

EXPRESS NEWS PAPER

Exemption of duty on import of 164 types of raw materials to the textile industry

Cabinet committee directs plan for winter gas supply

PIA guidelines issued for traveling to UAE on visit visa

Pakistan ranks second in the list of most polluted countries

Gold is cheaper by Rs.500 per tola

Date: October 06, 2020

DAWN NEWS PAPER

Trade deficit surges 19.5pc in September

Ogra to settle system losses dispute on priority

SAPM on revenue appointed

THE NEWS INTERNATIONAL

Pulse Consultant study: Sindh on top in income tax collection

Indicators show economy growing

Trade deficit widens to $5.8bln in July-Sept

Importers found concealing financials to evade taxes

Exorbitant taxes make cars unaffordable for masses in Pakistan

Rupee strengthens

Gold rates up Rs700/tola

BUSINESS RECORDER

Tax-to-GDP ratio falls to historic low

Imports up 0.56pc, Jul-Sept exports down 0.94pc YoY

Dr Waqar appointed SAPM on revenue

Finance Act 2019, FBR’s policy measures fail to generate additional revenue

KW&SB MD directs resolution of Korangi industrial area issues

Indicators show economy moving back on growth trajectory

Documentation and tax collections

KCA raises spot rate by Rs100 to Rs9150

THE RUPEE: $ loses value

Gold up by Rs700

TRIBUNE NEWS PAPER

Trade deficit expands to $5.8b during July-Sept 2020

Triple threat imperils Pakistan’s cotton sector

EXPRESS NEWS PAPER

Govt of Sindh has announced 5% discount on property tax

Price of Cotton per 40kgs reached on its peak

Value of dollar down by 19 paisas due to supply enhanced of dollar in both foreign exchange markets

Saudi Arab issued new travel advisory