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May 03, 2021

KCCI e-Bulletin (1st-3rd May 2021)

To view today’s e-Bulletin, please CLICK the link below: 

http://www.kcci.com.pk/research/wp-content/uploads/2021/05/KCCI-E-Bulletin-May-01-03-2021.pdf

Today’s highlights include:
·         Eidul Fitr holidays: BMG rejects NCOC’s announcement
·         Trade deficit widens by 20.1% in 10 months
·         Annual consumer inflation shoots to 11.1%
·         There’s no proposal to withdraw Section 8B of ST Act: FBR
·         Power Division stresses caution on hefty power taxes
·         OGRA slashes LPG rates for May
·         Financial activities thru drug trafficking: FMU issues ‘red flag indicators’
·         Number of tax return filers rises by 12% to 2.9Mn
·         Tax imposition on undistributed company profits declared illegal
·         SBP asks banks for system to monitor 30-day TAT
·         Industrial sector to cut 15-20% jobs after Eid
·         ‘Salary, pension bills to exceed total revenue within seven years’
·         PM hails FBR’s record PKR 3,780Bn tax collection
·         Foreigners invest $ 245.6Mn in Pakistan’s currency bonds
·         Clicking future market: Pakistan orders four LNG cargoes for winters from Qatar
·         20km fuel pipeline planned
·         Pakistan begins marketing ICT professionals in Japan

Note: In case the above links do not open by clicking it, you can view the file by copying the above URL’s and pasting it in the explorer

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