News Highlights Friday, November 29, 2024

PSX surpasses 0.1m mark; Investors earn 150pc in just 16 months – Positive
https://epaper.brecorder.com/2024/11/29/12-page/1017785-ne

ws.html

ADB’s $500m loan lifts reserves – Positive
https://tribune.com.pk/story/2512582/adbs-500m-loan-lifts-reserves

Firewall blocks govt’s $1tr goal – Negative
https://tribune.com.pk/story/2512577/firewall-blocks-govts-1tr-goal

Hike in petrol price by Rs3, diesel Rs2.87/litre worked out from Dec 1 – Negative
https://www.thenews.com.pk/print/1256206-hike-in-petrol-price-by-rs3-diesel-rs2-87-litre-worked-out-from-dec-1

Hi-Tech Lubricants begins local blending of ZIC – Positive
https://profit.pakistantoday.com.pk/2024/11/28/hi-tech-lubricants-begins-local-blending-of-zic-lubricants/

$7bn IMF loan benchmark: Govt on tightrope over gas cut to CPPs from Jan – Neutral
https://www.thenews.com.pk/print/1256192-7bn-imf-loan-benchmark-govt-on-tightrope-over-gas-cut-to-cpps-from-jan

Refund of Rs461 million to K-Electric consumers sought – Positive
https://tribune.com.pk/story/2512578/refund-of-rs461-million-to-k-electric-consumers-sought

CCP approves merger of Millat Equipment with Millat Tractors – Neutral
https://www.brecorder.com/news/40334917/ccp-approves-merger-of-millat-equipment-with-millat-tractors

Bank Makramah’s board approves restructuring scheme – Positive
https://www.brecorder.com/news/40334894/bank-makramahs-board-approves-restructuring-scheme

In violation of IMF’s EFF; Ministry drafts incentive plan for semiconductor industry – Negative
https://epaper.brecorder.com/2024/11/29/1-page/1017715-news.html

World Bank, Pakistan combine forces to tackle smog crisis – Neutral
https://www.brecorder.com/news/40334883/world-bank-pakistan-combine-forces-to-tackle-smog-crisis

Defence, trade, health and energy; Trump Admin engagement plan in final stages
https://epaper.brecorder.com/2024/11/29/1-page/1017716-news.html

Govt spent over Rs500m to contain PTI protest
https://tribune.com.pk/story/2512622/govt-spent-over-rs500m-to-contain-pti-protest

Oil up as Israel, Hezbollah trade accusations of ceasefire violation
https://www.reuters.com/business/energy/oil-edges-lower-after-jump-us-gasoline-stocks-opec-supply-decision-focus-2024-11-28/

Chinese Stocks Rise, Yen Gains on Inflation Data: Markets Wrap
https://www.bloomberg.com/news/articles/2024-11-28/asian-stocks-to-slip-as-treasury-trading-resumes-markets-wrap?srnd=phx-markets