News Highlights Monday, December 16, 2024

SBP expected to stay cautious on rate cut approach – Neutral
https://www.dawn.com/news/1878802/sbp-expected-to-stay-cautious-on-rate-cut-approach

CPEC brings $25.4b investment, 236k jobs – Positive
https://tribune.com.pk/story/2515902/cpec-brings-254b-investment-236k-jobs

Chinese Company Agrees $350 Million Deal to Install 3,000 EV Charging Stations in Pakistan – Positive
https://propakistani.pk/2024/12/15/chinese-company-agrees-350-million-deal-to-install-3000-ev-charging-stations-in-pakistan/

$330m loan agreement inked with ADB for ISPDP additional financing – Positive
https://epaper.brecorder.com/2024/12/15/1-page/1019999-news.html

Chinese investors ink five MoUs in Karachi – Positive
https://epaper.brecorder.com/2024/12/14/1-page/1019903-news.html

WB approves $240m loan for water, sanitation project in Karachi – Positive
https://www.thenews.com.pk/print/1261447-wb-approves-240m-loan-for-water-sanitation-project-in-karachi

RDA gross inflows reach $9.1bn – Positive
https://www.thenews.com.pk/print/1261294-rda-gross-inflows-reach-9-1bn

Salaried class pays nearly Rs200b in taxes – Neutral
https://tribune.com.pk/story/2516057/salaried-class-pays-nearly-rs200b-in-taxes

Uplift projects worth Rs423bn approved – Neutral
https://epaper.brecorder.com/2024/12/16/1-page/1020122-news.html

OGDC discovers gas, condensate in K-P – Positive
https://tribune.com.pk/story/2515875/ogdc-discovers-gas-condensate-in-k-p

Mari Petroleum becomes largest company on PSX by market capitalization – Positive
https://www.thenews.com.pk/print/1261295-mari-petroleum-becomes-largest-company-on-psx-by-market-capitalization

Mari Petroleum goes global in partnership with MOL – Positive
https://tribune.com.pk/story/1529694/mari-petroleum-goes-global-partnership-mol

Petrol rate unchanged; Rs3.05 reduction in HSD price – Positive
https://epaper.brecorder.com/2024/12/16/1-page/1020131-news.html

LPG price increased by Rs10 in Karachi – Negative
https://www.brecorder.com/news/40337703/lpg-price-increased-by-rs10-in-karachi

PM orders reduction in power tariffs – Positive
https://epaper.brecorder.com/2024/12/14/1-page/1019900-news.html

World Bank, govt join hands to woo investment in Discos – Positive
https://www.dawn.com/news/1878811/world-bank-govt-join-hands-to-woo-investment-in-discos

Rs411bn saved by annulling agreements with 5 IPPs, NA told – Positive
https://www.thenews.com.pk/print/1261470-rs411bn-saved-by-annulling-agreements-with-5-ipps-na-told

Talks with 14 IPPs on cutting power cost concluded – Neutral
https://www.thenews.com.pk/print/1261762-talks-with-14-ipps-on-cutting-power-cost-concluded

Captive power plants; Govt talking with IMF, others to avoid closure – Neutral
https://epaper.brecorder.com/2024/12/14/1-page/1019908-news.html

Audit uncovers Rs9.5 trillion irregularities in power companies over three years – Negative
https://profit.pakistantoday.com.pk/2024/12/14/audit-uncovers-rs9-5-trillion-irregularities-in-power-companies-over-three-years/

Govt envisages increasing IT sector exports to $4.2bn – Positive
https://epaper.brecorder.com/2024/12/14/1-page/1019904-news.html

Govt Eyes Bringing PayPal and Creating Other Payment Methods to Enhance IT Export Remittances – Positive
https://propakistani.pk/2024/12/13/govt-eyes-bringing-paypal-and-creating-other-payment-methods-to-enhance-it-export-remittances/

Sufficient fertiliser stock available – Positive
https://epaper.brecorder.com/2024/12/14/1-page/1019907-news.html

78m bank depositors protected under DPC – Neutral
https://www.dawn.com/news/1878652/78m-bank-depositors-protected-under-dpc

Gobi Partners launches $50mn Techxila Fund II with BoP partnership to boost Pakistani startups – Positive
https://profit.pakistantoday.com.pk/2024/12/14/gobi-partners-launches-50mn-techxila-fund-ii-with-bop-partnership-to-boost-pakistani-startups/

Industrial gases sector expands capacity – Positive
https://www.thenews.com.pk/print/1261641-industrial-gases-sector-expands-capacity

Hefty fines imposed on 10 sugar mills for tax violations – Neutral
https://www.dawn.com/news/1878800/hefty-fines-imposed-on-10-sugar-mills-for-tax-violations

PIA Tickets Could Get Cheaper Following Excise Duty Removal – Positive
https://propakistani.pk/2024/12/14/pia-tickets-could-get-cheaper-following-excise-duty-removal/

Faceless customs assessment system launched – Positive
https://www.dawn.com/news/1878806/faceless-customs-assessment-system-launched

Indonesia wants to promote trade with Pakistan: CG – Positive
https://www.brecorder.com/news/40337516/indonesia-wants-to-promote-trade-with-pakistan-cg

Sindh govt to develop economic zones for Chinese companies: Minister – Positive
https://www.nation.com.pk/15-Dec-2024/sindh-govt-to-develop-economic-zones-for-chinese-companies-minister

Special Economic Zones; Entities asked to address issues facing investors – Neutral
https://epaper.brecorder.com/2024/12/14/1-page/1019902-news.html

PSX sees seven IPOs in 2024, highest in last three years – Positive
https://epaper.brecorder.com/2024/12/14/5-page/1019941-news.html

Border attacks increased 70pc after arrival of Taliban in Kabul, moot told
https://www.brecorder.com/news/40337647/border-attacks-increased-70pc-after-arrival-of-taliban-in-kabul-moot-told

JUI-F warns of protest over delay in madaris registration bill
https://www.thenews.com.pk/latest/1261726-jui-f-warns-of-protest-over-delay-in-madaris-registration-bill

Oil eases from highest in weeks, investors eye Fed rate cuts
https://www.reuters.com/markets/commodities/oil-eases-highest-weeks-investors-eye-fed-rate-cuts-2024-12-16/

China Shares Weigh on Asian Peers After Data Dump: Markets Wrap
https://www.bloomberg.com/news/articles/2024-12-15/asian-stocks-set-to-fall-ahead-of-china-data-dump-markets-wrap?srnd=phx-markets

HSBC, World Bank’s IFC launch $1bn trade finance programme for emerging markets
https://epaper.brecorder.com/2024/12/16/9-page/1020182-news.html