MORNING SHOUT - 14TH SEP 2021
Govt working to repay $3bn Chinese investment: Khalid
The government has started discussion with China to resolve
repayment of US$3 billion China Pakistan Economic Corridor
(CPEC) investment, becoming due, in a win-win situation for both
the countries. This was stated by the SAPM on China Pakistan
Economic Corridor (CPEC), Khalid Mansoor, on Monday, in
response to a question.
ITFC to provide $600m to finance POL products’ imports
The International Islamic Trade Finance Corporation (ITFC), on
Monday, informed Pakistan that the ongoing syndication is about
to complete and $600 million will be available to the country
during this month to finance petroleum products imports.
Chinese businessmen meet PM
A delegation of heads of Chinese companies Monday called on
Prime Minister Imran Khan and expressed interest in investing in
Pakistan. The delegation acknowledged the investor-friendly
policies of the government of Pakistan and expressed keen
interest in investing in Pakistan.
Roadshows begin for PSM revival
Privatisation Minister Muhammedmian Soomro on Monday
launched a series of roadshows to attract foreign investors for the
revival of Pakistan Steel Mills (PSM). Speaking at the opening
ceremony, Mr Soomro said it was very encouraging that investors
from various countries had shown interest in the mills.
CCP says 2 tractor makers ‘involved in cartelisation’
The Competition Commission of Pakistan (CCP) Monday
completed an enquiry against the tractor industry, revealing two
leading tractor manufacturers are abusing their dominant position
and involved in cartelisation.
Incentives for refineries not approved by CCoE
The Cabinet Committee on Energy (CCoE) is said to have not
approved incentives for the refineries due to Byco refinery whose
technology is 20 years old, well-informed sources told Business
Cheaper winter tariff approved for electricity consumers
The Cabinet Committee on Energy (CCoE) on Monday approved
cheaper winter tariff for electricity consumers on incremental
consumption and cleared a controversial payment of about Rs131
billion to 11 independent power producers (IPPs) of the 2002
power policy — barring Nishat Chunian.
SSGC announces four-day gas suspension for CNG outlets
The Sui Southern Gas Company Ltd (SSGCL) on Monday
announced that it will suspend gas supplies to all the CNG stations
across Sindh and Balochistan from midnight Sept 14 for four days.
Asia shares mixed, dollar steady ahead of U.S. inflation
Asia’s share markets were mixed and the dollar held steady on
Tuesday, with investors awaiting U.S inflation data for more clues
on when the Federal Reserve will taper stimulus.
Oil Up, Extends Gains as U.S. Gulf Coast Braces for Latest Tropical
Oil was down Tuesday morning in Asia, extending gains and
remaining near a six-week high. Markets are bracing for another
storm that could impact production in Texas as the U.S. Gulf Coast
continues to recover from Hurricane Ida that hit the region at the
end of August.
Chinese envoy to U.S. urges stable commercial ties despite trade
China’s new ambassador to the United States called on Monday
for stable and constructive commercial ties between the world’s
two biggest economies, even as they struggle to resolve political
and trade differences, a trade group said.
Australian home prices jump record 6.7% in Q2
Prices for Australian residential properties in the major cities
climbed a record 6.7% in the June quarter versus the previous
quarter amid super-low borrowing costs and strong demand for