Date: October 30, 2020
DAWN NEWS PAPER
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 strengthensRs5,000 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
Imperative of less volatile exchange rateNo 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 dollarDate: October 28, 2020
DAWN NEWS PAPER
Second Covid wave under way in Pakistan
‘Smoking, diabetes, hypertension increase stroke risk in Covid patients’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
Gold rates drop Rs750/tolaMoF 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
Public holidayWorld Bank downgrades tax project
SBP eases procedure for remitting proceeds
Rupee strengthens against dollarReduction 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 DubaiDate: 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 servicesTextile Policy 2020-25 on the cards: Targets $20.8 bn exports, gives more incentives
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 1CNG, 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-AwwalPRGMEA seeks changes in regulations
Experts discuss changing trade rules
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 countryDate: October 26, 2020
DAWN NEWS PAPER
FATF says good, but not good enough
Workers’ convention demands due rights‘Inhumane contract system has turned textile workers into slaves’
FBR launches tax awareness campaignAdditional 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 observedBoosting economic diplomacy
EXPRESS NEWS PAPER
TDAP organized Webinar jointly with SMEDA & SBP
App launched for ease of Tax filing. Member FBRDate: 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
Rupee likely to gain furtherSNGPL 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 marketTextile 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 taxFATF 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
Gold rates down Rs350/tolaPM urged to defer EOBI audits for two years
Businesspeople asked to team up with traffic police
Country remains on ‘grey list’
THE RUPEE: Rupee strengthening
Cautious buying by mills on cotton market
Growth and exportsPower production drops 10.5% to 13,104 GWh
TDAP to hold webinar on trade laws
Rupee at 5-month high against dollarDate: 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 limitFPCCI 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
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
Gold prices fall Rs500/tolaBusinesspeople, 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
Trading activity remains stable on cotton marketSBP plans steps for boosting exports
Adviser calls for broadening tax net
SBP reserves rise $268m to $12.06b
Rupee strengthens against dollarSBP considers new steps to enhance exports
Foreign exchange reserves surged by Rs.28 cror 61 lacsDate: 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, againC/A surplus at $792mln in July-Sept
State Bank extends timelines for circulars, guidelines
Another lockdown if you keep flouting SOPsFATF 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
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 tolaCurrent account: Surplus hits 17-year high
Govt creates economic outreach roadmap
Rupee strengthens against dollarDate: October 21, 2020
DAWN NEWS PAPER
Circular debt jumps 30pc to Rs2.15tr in FY20
Non-textile exports contract 5.6pcFBR 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
Gold rates down Rs300/tolaUfG 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 spot rate up by Rs100 to Rs9900
THE RUPEE: USD falls against PKR
Walmart cranks up advertising drive, with or without TikTokGovt 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 LondonDate: 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 shortageIncome tax collection from exports falls 12pc to Rs1.6 billion in Q1
Taxpayers demand extension in return filing date
Gold prices rise Rs350/tolaSBP 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,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 cottonDate: October 19, 2020
THE NEWS INTERNATIONAL
Saudi Arabia restarts prayers in Grand Mosque
‘Single portal and single return’, Provinces back development, implementation
Businessmen are backbone of economy: HCCI chief
Weekly Cotton Review, Business remains low
Saudi Arabia restarts prayers in Grand MosqueOpening 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 spiralFBR 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’
Cotton prices hit 10-year high
Gold rates fall Rs450/tolaRs250bn 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
Prices of essential kitchen items witness increase
Cotton spot rate falls by Rs100 to Rs9800
Cotton: crop of yesterday?FBR to clear income tax refund backlog by year-end
Rising inflation to restrict economic growtht
EXPRESS NEWS PAPER
Date: October 17, 2020
DAWN NEWS PAPER
Large-scale manufacturing sputters amid recovery as lockdowns recede
Digitalisation of forex regulatory approvals launchedParadigm shift: Govt to cut industrial power tariff by Rs6 per unit
SSGC evolves plan to meet winter needs
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 effortsLSMI output decreases 6.78pc in August
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 Rs10200FDI hits 6-month high at $189m
Webinar held on exports to AfricaDate: 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
Heart disease, stroke and diabetes among major causes of death: studyLow on productivity, not on skills
Rupee hits near 5-month high on strong dollar inflows
Forex reserves fall to $19.01bln
Gold prices drop Rs500/tolaANF 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 unchangedCabinet body for no gas outages in winter
High tariff unlikely to control debt
Private sector to start LNG import from Nov
Rupee continues to recover against dollar
Foreign exchange: SBP reserves fall $356m to $11.79bExemption 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 tolaDate: October 06, 2020
DAWN NEWS PAPER
Trade deficit surges 19.5pc in September
Ogra to settle system losses dispute on priority
SAPM on revenue appointedPulse 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/tolaTax-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 Rs700Trade deficit expands to $5.8b during July-Sept 2020
Triple threat imperils Pakistan’s cotton sectorGovt 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