Govt, power producers agree to reduce project returns, share savings
All projects will convert their contracts to ‘take and pay basis’.
Construction amnesty scheme attracts 40 enrollments
FBR has received an impressive response from builders, developers and taxpayers on the construction package.
SBP unveils mechanism to pay for global digital services
New mechanism will enable companies in Pakistan to make instant payments to globally recognised digital service providers.
Stocks shed 180 points on GIDC decision
Nervous investors started to jettison shares mainly in the sectors worst impacted by GIDC verdict.
Pakistan opens Chaman border for trade
Official sources say 317 trucks loaded with dried fruit and other goods crossed into Pakistan from Afghanistan.
KP businessmen oppose shifting of major taxpayers’ cases to Islamabad
Govt asked to establish Large Tax Unit in Peshawar.
Two-thirds of Covid-19 relief funds remain unutilised
ECC approves payment of $125m liabilities of Roosevelt Hotel.
Alternative energy policy unveiled
Offers tax concessions, power plants on competitive bidding.
Govt expands soft-loan scheme for entrepreneurs
SAPM Babar says Pakistan has requested Saudi Arabia to extend oil facility on deferred payment after expiry of one-year agreement.
PM forms body to facilitate small businesses
Imran Khan says facilitating small investors in construction and other business top-most priority of the government.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 165.30 | 164.90 |
| U.K. | 209.00 | 207.00 |
| Euro | 185.50 | 184.00 |
| Japan | 1.5100 | 1.4800 |
| Saudi Arabia | 43.50 | 43.25 |
| U.A.E. | 44.60 | 44.30 |
Highlights
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 84,791 | 900.20 |
| Multan | - | - |
Business & Finance
Where the buck never stops
K-Electric CEO says loadshedding is an outcome of the federal government’s flip-flops on key issues.
How quickly can firms bounce back?
About 3-5pc of big businesses in Pakistan did manage to make adjustments to ride through the tough phase comparatively unscathed.
Need for innovation in agriculture
Leveraging drone technology alone will enable farmers to increase their productivity through improved pest management.
Weekly rupee-dollar parity
Published in Dawn, The Business and Finance Weekly, August 10th, 2020