DNVC 20.7.22 =20 Zil-Hajj 1443
Kasbati & Co
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From: Kasbati Quick News & Videos <kasbat...@gmail.com>
Date: Wed, Jul 20, 2022 at 11:31 AM
Subject: DNVC 20.7.22 =20 Zil-Hajj 1443
To: <asif.s....@professional-excellence.com>
Dear Learned Recipient
The below news items are extracted after sending yesterday email:
(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), Express Tribune (ET), The News (TNS), The Nation (TN) & Associated Press of Pakistan (APP)] and
(B) Three other Business Websites [Pakistan Revenue (PK), Profit Pakistan Today (PPT) & Daily Times (DTS)]
(C) The above areas are covered by average 5 specialized team members, covering about 16 hours per day at different timing slots, under the Leadership of Mr Asif S Kasbati (FCA, FCMA & LLB).
If your Goodself gets this email without Links, please contact us immediately.
416+ Taxes & Levies (including FED, GIDC, WWF, Budgets, but excluding those which are exclusively about Customs Duty)
1. FBR asked to devise ‘simple’ return form - BR
2. President directs tax dept to adequately compensate importer - BR
3. Fixed tax regime for furniture retailers on the cards - BR
4. FBR to invite applications for 502 new posts in Inland Revenue-PK
5. SRB Extends Dates For Tax Deposit, E-Filing Of Tax Returns-TN - refer KQU # 1726 dated 19.7.22 (Morning)
Economy & Inflation matters (including Import, Export & CPEC)
1. PU offers full support to Railways projects-TNS
2. Barrick Gold to launch Reko Diq project in Aug with $7bn investment - BR
3. Implementation of IMF agreement must for reviving economy: Miftah-APP
4. Computer software free access donated to UHE-TNS
5. Fitch, too, revises outlook to negative - BR
6. Skyrocketing value of dollar, detention charges to hit importers’ plans badly: LCCI - BR
7. FPCCI body concerned over decline in PKR value - BR
8. Development partners assure of supporting forum-TNS
9. Closure of old technology kilns ordered-TNS
10. Roosevelt Hotel: AD presents ‘incomplete’ leasing plan to ECC - BR
11. Ahsan Iqbal highlights plan to boost economy-DD
13. Shallwani stresses accelerating Green Enclave project’s pace-APP
14. Chairman, China Road & Bridge Corporation decorated with civil Award-APP
15. Global car manufacturers agree to introduce electric mini-commercial vans-PK
16. Pakistan gets offers in 300,000T wheat import tender-TNS
17. Pakistan’s textile exports hit record high at $19.33 bn in FY22-PK
18. EU wheat rises on strong export demand, scorching weather - BR
19. Saudi Arabia crude exports dip to 4-month low in May - BR
20. Russian fire pounds Ukraine, as Putin announces ‘progress’ on grain exports - BR
21. Pakistan’s import of CBU motor cars surges by 21% in FY22-PK
22. Rupee, stocks sink on credit rating downgrade, political uncertainty-TNS
23. Prices of KIA Motors raised up to 19.3% amid rupee devaluation-PK
24. Siraj links economic crisis to political instability-TNS
25. Pakistan Seeks Friendly Countries Help Amid Economic Crisis-TN
Custom Duty
1. FBR ordered to compensate merchant for illegal destruction of goods-PPT
2. FBR posts Ansari as Member Customs Operations-PK
3. FBR imposes major penalty on Customs appraising officer-PK
4. Customs Operations: Mukarram Jah Ansari made new FBR Member - BR
6. Activities of Karachi Port and Port Qasim - BR
360+ Company Laws
ROU rules amended for insurers-TNS - refer today KQU
Banking & Finance (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. Kibor interbank offered rates - BR
2. SBP issues KIBOR rates – July 19, 2022-PK
3. SBP’s customer forex rates – July 19, 2022-PK
4. Tough decisions caused political setbacks: Miftah-TNS
5. Miftah, scholars discuss implementation of Shariah in banking system-TNS
6. Religious scholars and banking sector representative: Miftah underscores need for dialogue - BR
7. Miftah, ulema discuss implementation of Shariah in banking system-APP
8. Mastercard partners with MCB Bank to empower SMEs in Pakistan-PK
9. Fitch revises Pakistan’s outlook to negative-PK
11. MPMG scheme put on hold - BR
13. Over 40,000 customer complaints: Banking Ombudsman provides Rs600m relief - BR
14. First Women Bank declares - BR
15. IMF greenlights $1bn loan to Tanzania - BR
16. Miftah, ulema discuss implementation of Shariah in banking system-PPT
17. Finance Ministry Notifies Executive Allowance To BPS 17-22 Officers-TN
18. Pakistan international bond yields surge to 50.6pc-PPT
19. BoE may reduce gilts by 50-100bn pounds over a year: Bailey - BR
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX meltdown, KSE-100 sheds over 900 points-PPT
2. Stock market cap drops to 12-year low in dollar terms-TNS
3. Asian markets drop as Apple report fans economic worries-TNS
4. Bloodbath: KSE-100 closes with 978-point fall as Fitch's downgrade dents sentiment - BR
5. Dates of Closure of Books & Annual General Meetings - BR
6. Cross Transactions between Client to Client & Financial Institutions - BR
7. Last date of renunciation/payment - BR
8. Revised Rates of Debt Securities - BR
9. Clearing Schedule for T+2 System - BR
10. Proposed right issues - BR
13. Most Gulf bourses gain tracking crude prices - BR
14. Gulf bourses extend rebound, Saudi outperforms - BR
15. Indian shares close at over 1-month high - BR
16. Indian shares edge lower; rupee breaches 80/dollar level - BR
17. Asian markets rally on tech bounce, earnings hope - BR
18. Asian markets drop as Apple report fans economic worries - BR
19. Hong Kong stocks end down - BR
20. Hong Kong shares surge out of the blocks - BR
22. China stocks fall as COVID flare-ups weigh - BR
23. Tokyo stocks open higher on US gains with eyes on BoJ - BR
24. Japanese stocks post modest gains ahead of BOJ policy meet - BR
25. Financials, consumer staples boost FTSE 100 - BR
26. European shares hit more than five-week high - BR
27. European stocks steady amid Apple report concerns - BR
28. European shares slip, dollar pauses with central banks in view - BR
29. Wall Street powers ahead with earnings in full swing - BR
30. Wall Street equities open higher amid weak housing data - BR
31. Australian shares subdued in choppy trade; NZ down - BR
32. Pakistan stocks plunge 978 points on rupee devaluation-PK
33. Foreign currency rates in Pak Rupee – July 19, 2022-PK
34. Pakistani Rupee to US Dollar on July 19, 2022-PK
35. Pakistani Rupee to UAE Dirham on July 19, 2022-PK
36. Pakistani Rupee to UK Pound Sterling on July 19, 2022-PK
37. Pakistani Rupee to Euro on July 19, 2022-PK
38. Pakistani Rupee to Saudi Riyal on July 19, 2022-PK
39. Rupee falls to new low of 222 against dollar in interbank-PPT
40. Rupee hits record low against dollar at 222-DD
41. Dollar's rate in interbank market - BR
42. Kerb buying and selling rate of US dollar - BR
43. Euro jumps 1% against dollar awaiting ECB rate hike - BR
44. Russian rouble hits 2-week high vs dollar - BR
45. Hammered by US dollar, rupee closes at record low of 221.99 - BR
46. Dollar pauses below two-decade peak as markets ponder Fed path - BR
47. Pound rallies vs dollar - BR
48. Dollar slips as ECB rate hike hopes lift euro - BR
49. Currency values in terms of Special Drawing Rights - BR
50. Open market rates of foreign currencies - BR
51. Currency – snowballing? - BR
53. Punjab by-poll results: PKR plunges to all-time low against US dollar in interbank market-TNS
54. Turkey’s lira tumbles to weakest since December 2021 - BR
55. Australian dlr advances on hawkish central bank minutes - BR
56. JGB yields subdued ahead of central banks’ meetings - BR
57. Malaysian ringgit, Thai baht hit by safety flows, growth woes - BR
58. Indian rupee snaps 7-day falling streak - BR
59. Indian rupee breaches 80 per dollar, hits new record low - BR
60. Dollar hits Rs220 to make new midday high in interbank-PK
61. US dollar soars to new high against PKR, trades at 222 in interbank-TNS
62. Traders weigh political risk as Eurobonds yields soar-TNS
63. Ripple to Pak Rupee on July 19, 2022-PK
64. Bitcoin to Pak Rupee on July 19, 2022-PK
65. Dogecoin to Pak Rupee on July 19, 2022-PK
66. Per Tola Gold Stands At Rs. 134,000-TN
67. Gold prices steady as easing dollar lifts appeal - BR
68. Gold edges up as weaker dollar boosts appeal - BR
69. US MIDDAY: Gold gains - BR
70. Gold glitters bright on rupee fall-tns-TNS
71. Cotton crop forecast: stilted recovery? - BR
73. Cotton Market: Prices firm amid modest trading activity - BR
74. PMEX daily trading report - BR
Oil, Gas, other Minerals and Electricity
2. After petroleum dealers, OMCs seek a raise in margins-TNS
3. HSFO differentials improve as market structure firms slightly - BR
4. Oil, food import bill jumps 64pc to $32.3bn-DD
5. Iran boosts crude supply to Venezuela for refining, freeing up exportable oil - BR
6. Oil prices fall on economic slowdown warnings - BR
7. Oil rises 1pc as tight supply outweighs economic worries - BR
8. Russia seeking oil payments from India in UAE dirhams - BR
9. Biden highlights decline in US gasoline prices - BR
10. India to invest more in Sri Lanka after crisis support of $3.8bn - BR
11. ECC may approve rate of PL on LPG today - BR
12. IMF says Russian gas embargo could hit central Europe hard - BR
13. US natgas futures slide as output rises, technical resistance - BR
14. Polish company expresses commitment towards Pakistan’s energy security-APP
15. Rs1.55/unit hike in KE tariff likely - BR
16. Discos, KE’s base tariffs: Nepra all set to approve modifications - BR
17. Record line losses: Pesco faces highest revenue-based power load-shedding in June - BR
18. BD rolls out power curbs as fuel price hike slams economy - BR
19. ‘KE infrastructure not linked to four electrocution cases’ - BR
21. Nepra gets nod for Rs11 per unit hike-DD
22. ECC likely to approve Rs1.6 increase in XWDISCOs tariff-PPT
23. Neelum-Jhelum Hydropower Project: Nepra directs management to restore plant’s operation - BR
24. Chinese firm serves notice on CPPA-G - BR
25. Wasa signs MoU with PITB to implement reforms - BR
Weather Updates
1. Weather to remain hot, humid-TNS
3. Monsoon system to remain active this week, says PMD - BR
5. More monsoon rains predicted in coming days, NDMA advisory-APP
6. Sherry calls for clear global environmental agenda, equitable resources to implement pledges-APP
7. Fire engulfs homes near London as temperatures hit record 40C-DD
8. Rains Claim One Life, Damage 32 Houses In Mardan-TN
9. Fresh Spell Of Rains Begins Today: PDMA-TN
10. Weather Update: It’s Raining In Karachi Again-TN
11. Monsoon Rains Wreak Havoc In Karachi, Kill Two Youngsters-TN
12. Fault behind closure of 969MW Neelum-Jhelum plant remains unclear-PPT
Other Pakistan
1. Day not far when Kashmiris will be free from Indian occupation: AJK PM-APP
2. Kashmiris attached their fate with Pakistan even before its creation: AJK President-APP
3. Indian atrocities failed to erase Kashmiris’ love for Pakistan: report-APP
4. Pakistan to highlight Kashmir issue at all global forums: Kaira-APP
5. Pakistan upgraded from Tier 2 ‘watchlist’ in US Trafficking in Persons report-APP
6. 7,500 trees to be planted across UK to celebrate 75 years of British Pakistanis’ achievements-APP
7. Pakistan’s population to double in 30 years: British High Commissioner-PK
8. FO denies ‘cipher’ was hidden from former FM, PM-TNS
9. GAT/GRE subject type entrance test: UAF announces online registration - BR
10. Business centres in Sindh, Islamabad asked to close doors at 9 pm - BR
11. YAP says it has In-Principle Approval for EMI licence in Pakistan - BR
12. Pakistan Chemical Expo 2022 opened: Alvi calls for urgent steps to promote chemical industry - BR
13. Applications invited for BISE heads’ posts-TNS
14. US policy towards Iran is to please Israel: Imran Khan-TNS
15. Ashrafi issues protocols to keep law, order in Muharram-APP
16. FO contradicts claim of cypher communication hidden from FM, PM-APP
17. People’s Bus Service: CM says six more routes to be functional within two days - BR
18. Pharma industry urges fairer vaccine access in future - BR
19. PTC launches tree plantation drive - BR
20. Changes in ratio of tobacco recovery cess: KP decides to amend law to revise tender rates - BR
21. Acting NAB chief challenges PAC jurisdiction - BR
22. Why PTI didn’t object to NAB law changes in Parliament: SC - BR
23. SC directs govt to submit reply over PTI petition challenging NAB amendments-APP
24. NAB amendments: Discuss public issues in parliament, says SC-TNS
25. Allegations of harassment: Acting NAB chief challenges PAC mandate in IHC-TNS
26. Tayyaba Gul moves IHC to become party in NAB Lahore DG’s petition-APP
27. KP Assembly Passes Bill To Impose Ban On Plastic Products-TN
28. SCO SG Arrives In Islamabad Tomorrow-TN
29. Two Blind Murder Cases Solved In Mardan-TN
30. President Terms Quality Leadership, Timely Decisions Vital For Uplift-TN
31. Acting Governor Sindh meets Saeed Khawar-APP
32. Governor Punjab calls on President Dr Arif Alvi-APP
33. Commissioner for implementation of code of conduct for holding free, fair LG polls-APP
34. Rana Tanveer tells PTI to wait for next election-APP
35. 4 additional booths made functional at Hakla toll plaza of M-14-APP
36. Coalition govt in Centre to complete its constitutional term: Khwaja Saad-APP
37. Parliamentary party meeting expresses confidence in Hamza-APP
38. Pervaiz Elahi files contempt plea against Rana Sanaullah, Hamza Shahbaz, Marriyum Aurangzeb-TNS
39. US policy towards Iran is to please Israel: Imran Khan-TNS
40. Zardari makes victory sign after meeting Shujaat-TNS
41. PTI in position to topple federal govt: Fawad Chaudhry-TNS
42. PM Shahbaz Sharif urges ECP to announce judgment in PTI funding case-TNS
43. Imran Khan lashes out at govt over rupee depreciation-TNS
44. Shireen Mazari blames agencies for planting eavesdropping device at home-TNS
45. Imran Khan wants CEC to act like ex-NAB chief: Marriyum Aurangzeb-TNS
46. Coalition govt rejects Imran Khan’s call for early elections-TNS
47. Akhuwat, P&G Pakistan sign pact-TNS
48. Dua Zehra sent to Darul Aman - BR
49. Elahi accuses govt of using IB to trace location of MPs - BR
50. Coalition vows to do all it takes to ‘salvage’ Punjab govt-DD
51. ECP comes under fire as plea for vote recount in PP-7 rejected-DD
52. Parvez Elahi seeks Hamza’s trial for contempt-DD
53. Ahsan Iqbal seeks early approval of IMF staff agreement-DD
54. Lahore court sends Dua Zehra to women's shelter at her request-DD
55. accuses Sanaullah of using IB to ‘trace location’ of party MPAs ahead of CM election-DD
56. SC asks PTI why it didn't object to NAB law changes in parliament-DD
57. Marriyum castigates Imran for demanding CEC's resignation-DD
58. Shafique hundred keeps Pakistan on course in big chase against Sri Lanka-DD
59. PTI foreign funding case: PM urges ECP to announce verdict - BR
60. PP-7 Kahuta (Rawalpindi): ECP defers decision about recounting of votes - BR
61. PM Shehbaz urges ECP to announce ‘long-delayed’ judgement in PTI prohibited funding case-DD
62. Blast facilitator gets one-year jail term on two counts-DD
63. Early elections likely if Punjab, KP assemblies dissolved: PML-N leader-DD
64. PTI’s triumph-DD
65. Imran’s bail extended in 10 cases till 21st-DD
67. President Arif Alvi for strengthening democracy, tolerance-DD
68. Undeterred coalition resolves not to rush into election-DD
69. ‘Ufone won’t take part in spectrum auction’-DD
70. Peshawar BRT Wins Best Smart Ticketing Award For 2022-TN
71. Supreme Court Asks PTI Why It Didn’t Object To NAB Law Amends In NA-TN
72. New NAB Chief’s Appointment Marred By Delay-TN.
73. Marts Asked To Separate ‘Prohibited’ Food Items-TN
74. Cypher Mystery, Controversy Refuses To Go Away-TN
75. Shahbaz Gill Urges Establishment To Come Out In The Open-TN
76. Ministry Of Finance Notifies Executive Allowance To Officers In BPS 17-22-TN
77. Secretary Livestock Reviews Relief Measures In Rajanpur-TN
78. KP CM Directs To Expedite Recruitment Of Lecturers In Govt Colleges-TN
79. After Lahore, PTI Will Now Win LG Polls In Karachi: Ali Zaidi-TN
80. Fitch Ratings downgrades Pakistan’s outlook to negative-PPT
81. IMF agreement ‘credit positive’ for Pakistan: Moody’s-PPT
82. KP CM Directs To Expedite Recruitment Of Lecturers In Govt Colleges-TN
83. Iran’s Special Envoy For Afghanistan Due In Islamabad Today-TN
84. Minister Greets Workers On PTI Win In Punjab By-Polls-TN
85. By-poll results have no connection with general elections: Khaqan - BR
87. PKR slide: govt censured by Imran - BR
88. KP teachers hold protest at Bani Gala - BR
89. Punjab CM slot: Qureshi says Elahi is PTI candidate - BR
90. Over five PML-N MNAs in contact with PTI, claims Fawad - BR
91. Umar assails ‘flawed system imposed through unnatural intervention’ - BR
92. Mazari claims she found voice recorder at her residence - BR
93. Lucky Motor Corp massively increases KIA car prices - BR
94. Furniture and garments hold LSM - BR
95. Lahore Grain Market Rates - BR
96. CM Seeks Report On Foreign Woman Assault Case-TN
97. TikTok takes down 12.5m videos of Pakistan over guidelines violations-TNS
98. Violations of Community Guidelines: TikTok removes nearly 12.5m videos in Q1 of 2022 - BR
99. TikTok removes 12.5m videos from Pakistan in first quarter of 2022-DD
100. Bollywood song ‘Kesariya’ comes under fire for copying Pakistani band Call’s ‘Laree Chootee’-DD
United States
1. Biden sets up sanctions in ramped-up effort on US detainees - BR
2. Twitter, Musk square off in court over bid for fast-track trial - BR
3. Twitter gets fast-tracked Elon Musk trial over $44 billion deal - BR
China
1. Indian side should comply with border agreements: Chinese Foreign Ministry-APP
2. China growth slumps to 0.4% in second quarter: official
3. China warns of ‘forceful measures’ if US House Speaker Pelosi visits Taiwan - BR
4. China agrees to more EU cooperation but silent on frozen pact - BR
Other International
1. OIC secretary general, Pakistan’s permanent representative discuss cooperation-APP
2. Serena, Djokovic named in Cincinnati draws: organizers-TNS
3. Brad Pitt teams up with 'Fight Club' stuntman for new film-TNS
4. Was there something wrong between Harry and Meghan at UN event?-TNS
5. Shakira shows she is holding grudge against Jennifer Lopez-TNS
6. Full text of journalist Sam Kashner's letter defending Meghan Markle-TNS
7. US judge orders October trial for Musk-Twitter buyout battle-TNS
8. Piers Morgan turns his guns on Prince Harry once again-TNS
9. Justin Bieber delights fans as confirms ‘Justice’ world tour to resume this month-TNS
10. Qatar's World Cup final stadium to host first match-TNS
11. Azerbaijan starts return of people to recaptured areas-TNS
12. Putin meets Khamenei on first trip outside ex-Soviet Union since Ukraine war - BR
13. London’s burning: Fire engulfs homes as UK temperatures hit record 40oC - BR
14. Egypt’s GASC seeks to buy wheat in direct talks - BR
15. Poland to give households one-off payment to offset rising coal prices - BR
16. NY coffee may test resistance at $2.1820 - BR
17. Raw sugar futures slip, arabica coffee consolidates - BR
18. Demand fears return to haunt copper prices - BR
19. CBOT soybeans neutral in $13.66 to $13.93 range - BR
20. Corn, soyabean futures sag; wheat pares gains - BR
21. Corn drops as US crop report eases supply concerns; wheat down - BR
22. Japanese rubber futures rise - BR
23. Ukraine grain storage crisis hits home as farmers harvest new - BR
COVID-19 Pandemic
1. Pakistan Reports 459 Coronavirus Cases-TN
2. 75 Corona’s patient quarantines in Rawalpindi-APP
3. Abbasi Shaheed hospital: OPDs closed as doctors observe strike - BR
4. USAID Chief praises Pakistan’s response to Covid-19-APP
Islam Here & Hereafter
Dua of Namaz-e-Janaza with Arabic and Urdu Translation-Image
Best regards
Kasbati & Co Team
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