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BOL NEWS BUSINESS DIGEST: November 30, 2021

BOL NEWS BUSINESS

BOL NEWS BUSINESS DIGEST. Image: Unsplash

PSMA thanks government for resolving genuine issues

ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has expressed its gratitude to the government for resolving their genuine issues and problems. –HAMZA HABIB

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Circular debt affects petroleum companies’ profits

ISLAMABAD: The Petroleum Division has said the circular debt has affected the profitability of the listed petroleum companies and their growth prospects. –HAMZA HABIB

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FBR gears up to broaden tax base; action against defaulters on the cards

ISLAMABAD: The Federal Board of Revenue (FBR) with the help of the National Database Registration Authority (Nadra) will broaden the tax base and take action against the non-taxpayers who are paying no or very nominal taxes. –HAMZA HABIB

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PSW to enable businessmen reduce time, cost in cross-border trade

KARACHI: The Pakistan Single Window (PSW) portal will enable traders to reduce time, cost and complexity in cross-border trade, a top official of PSW said on Monday. –SHAHNAWAZ AKHTER

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Wapda chief reviews progress on K-IV project

LAHORE: The Water and Power Development Authority (Wapda) chairman Lt Gen Muzammil Hussain (Retd) visited the Greater Karachi Water Supply Scheme (K-IV) to review the progress on the project, a statement said. –IQTIDAR GILANI

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TRG director steps down

KARACHI: Muhammad Ziaullah Khan Chishti has resigned as the chief executive officer and director of TRG Pakistan Limited with immediate effect, a bourse filing said on Monday. –LATIFUR REHMAN

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State Bank clarifies monetary policy stance

KARACHI: The State Bank of Pakistan (SBP) on Monday clarified media reports over its stance on the recently announced monetary policy. –SHAHNAWAZ AKHTER’

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TDAP holds seminar on women in trade

KARACHI: The Trade Development Authority of Pakistan (TDAP), in collaboration with the International Trade Centre (ITC), organised a seminar on “Women-in-Trade: Export Readiness 101” at the Quetta Chamber of Commerce and Industry for the capacity-building of women entrepreneurs in Pakistan, a statement said on Monday. –JAVED MIRZA

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Pakistan stocks gain 1,215.89 points on positive developments

KARACHI: The Pakistan stocks rebounded 2.76 per cent on the first day of the week on the back of several positive developments, with declining oil price topping the list, dealers said. –JAVED MIRZA

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FBR imposes condition on developers, builders under AML Act

KARACHI: The apex tax body of the country has imposed a condition on builders and developers under the Anti-Money Launder Act, 2010 regarding transfer and registration of property. –SHAHNAWAZ AKHTER

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Nepra to take up CPPA’s power tariff hike plea on November 30

ISLAMABAD: The Central Power Purchasing Agency (CPPA), in a plea to the National Electric Power Regulatory Authority (Nepra), has requested an increase of Rs4.75 in the power tariff. ‑DESK

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Unisame express disappointment over delay in SME Policy

KARACHI: The Union of Small and Medium Enterprises (Unisame) has expressed disappointment and surprise at the unnecessary delay in the approval of the SME Policy, a statement said. –LATIFUR REHMAN

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Dollar hits all-time high of Rs176.20

KARACHI: The dollar recorded an all-time high of Rs176.20 at the closing of the interbank foreign exchange market on Monday, dealers said. –SHAHNAWAZ AKHTER

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KSE-100 opens bullish today

KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 220.43 points, or 0.50 per cent, in the first hour of trading on Monday. –LATIFUR REHMAN

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