Monitoring Report

Headlines

Atif Bukhari, Nadeem Lodhi, Arif Usmani, Wajahat Hussain and Javed Kureishi were shortlisted for the post of NBP president

Economy

In the open market, the rupee closed trading at Rs134 against the dollar according to currency dealers

Economy

In regard to the wealth fund, the IMF was informed it would shortly create it with a focus to make these loss-incurring SOEs operational and profitable via financing from the fund

Headlines

Petroleum Division wants the government to permit SNGPL to provide re-gasified LNG through its transmission system to domestic and commercial consumers provided the Oil and Gas Regulatory Authority (OGRA) permitted the volume adjustment and financial impact on a cost neutral basis

Economy

The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance

Economy

A separate committee will be set up soon and notified to devise a tax policy and include tax experts on the board

Headlines

FIA Cyber Crime Wing has cautioned that security of every Pakistani bank had been compromised because many complaints from various parts of Pakistan were coming in regarding money being transferred via security breach

Economy

The committee was told due to the ongoing dispute there was no power purchase agreement between KE and Central Power Purchase Company (CPPC)

Economy

According to the memorandum, the cabinet decision came into effect on October 16th instead of September 27th, when the federal government gave go-ahead to new gas rates which have been opposed by Aptma

Economy

During the meeting last week, the oil industry had put forward the case for a continuation of 7.5% deemed duty on diesel refining and rise to 9% despite the Senate standing committee on petroleum order to scrap the deemed duty