News Highlight Wednesday, February 14, 2024

IMF rejection of CD, tariff strategy – Negative
https://epaper.brecorder.com/2024/02/14/1-page/985068-news.html

‘No honeymoon period’: Daunting challenges ahead for Pakistan’s future government – Neutral
https://www.thenews.com.pk/print/1157321-no-honeymoon-period-daunting-challenges-ahead-for-pakistan-s-future-government

ECC approves Rs7.492bn Ramazan package – Neutral
https://epaper.brecorder.com/2024/02/14/1-page/985062-news.html

Infrastructure, development get Rs190bn – Neutral
https://www.dawn.com/news/1814065/infrastructure-development-get-rs190bn

ECC may approve increase in gas prices today – Neutral
https://epaper.brecorder.com/2024/02/14/1-page/985066-news.html

Diesel price likely to soar – Neutral
https://epaper.brecorder.com/2024/02/14/12-page/985128-news.html

PPL successfully drills, tests development well in Sindh – Positive
https://www.brecorder.com/news/40288632/ppl-successfully-drills-tests-development-well-in-sindh

Cat-III projects; PPIB asks KE to submit investment plan for Nepra’s nod – Neutral
https://epaper.brecorder.com/2024/02/14/1-page/985063-news.html

Car sales rise 30pc in January, but slump 49pc in seven-month period – Negative
https://www.thenews.com.pk/print/1157319-car-sales-rise-30pc-in-january-but-slump-49pc-in-seven-month-period

‘IT exports rise 32pc in 60 days’ due to SIFC’s decisions: minister – Positive
https://www.brecorder.com/news/40288708/it-exports-rise-32pc-in-60-days-due-to-sifcs-decisions-minister

Private manufacturers contracted for imported urea sale – Positive
https://www.thenews.com.pk/print/1157526-private-manufacturers-contracted-for-imported-urea-sale

ECC okays Rs6bn Centre share of grant for imported urea – Neutral
https://www.thenews.com.pk/print/1157519-ecc-okays-rs6bn-centre-share-of-grant-for-imported-urea

MSCI Main Frontier Market Index; Three additions notified for Pakistan – Neutral
https://epaper.brecorder.com/2024/02/14/1-page/985064-news.html

SBP suspends authorization of three more exchange companies – Neutral
https://www.thenews.com.pk/print/1157522-sbp-suspends-authorisation-of-three-more-exchange-companies

Establishment of EPZ on PSM land by federal govt – Neutral
https://epaper.brecorder.com/2024/02/14/1-page/985065-news.html

Allies set to form ‘PDM-2’ govt
https://www.thenews.com.pk/print/1157432-allies-set-to-form-pdm-2-govt

Asia Stocks Track US Decline, Yen Weakens Past 150: Markets Wrap
https://www.bloomberg.com/news/articles/2024-02-13/stock-market-today-dow-s-p-live-updates?srnd=premium-asia

Oil Edges Lower as Industry Report Points to Surge in Stockpiles
https://www.bloomberg.com/news/articles/2024-02-13/latest-oil-market-news-and-analysis-for-feb-14?srnd=premium-asia

Exchange Rates:

WTI (Nymex)77.71 USD/bbl
BRENT (ICE)82.53 USD/bbl
ARAB LIGHT82.81 USD/bbl
R BAY COAL92.00 USD/TON
USDPKR279.31