Monitoring Report

Headlines

Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal

Economy

Previously, the groundbreaking ceremony on Pakistan’s side was set to be held in December 2017, but the work couldn’t be commenced because of several reasons including non-completion of some preparatory works, route, geotechnical, radar survey

Economy

The ECC also gave go-ahead to exemption from regulatory duty on import of dry fruits, vegetables and fresh fruits from Afghanistan which was proclaimed by PM Abbasi on his visit to Kabul recently

Economy

Last week, the fertilizer manufacturers had jacked up prices of urea by Rs100 per bag and could increase it by a further Rs106 due to the finance ministry’s unwillingness to release the pending subsidy

Economy

OICCI expressed worries over a 100 percent rise in customs duty and extension of regulatory duty recommended in next financial year's budget, stating this would increase manufacturing costs across the country

Economy

A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders