News Highlight Monday, March 04, 2024

IMF wants tax burden on non-salaried, salaried class increased – Neutral
https://www.thenews.com.pk/print/1163465-imf-wants-tax-burden-on-non-salaried-salaried-class-increased

IMF wants govt to impose 18pc GST on POL products, unprocessed food, stationery – Neutral
https://www.thenews.com.pk/print/1164197-imf-wants-govt-to-impose-18pc-gst-on-pol-products-unprocessed-food-stationery

PBC calls for five-year IMF programme – Neutral
https://www.dawn.com/news/1818685/pbc-calls-for-five-year-imf-programme

Foreign investment in PSX surges to $19.9 million since Feb. 8 polls – Positive
https://www.thenews.com.pk/print/1163320-foreign-investment-inpsx-surges-to-19-9-million-since-feb-8-polls

2023: corporate profits boom despite economic slowdown – Positive
https://epaper.brecorder.com/2024/03/03/8-page/986781-news.html

Jul-Feb trade deficit falls 30.2pc to $14.87bn YoY – Positive
https://epaper.brecorder.com/2024/03/02/1-page/986670-news.html

Exporters reap Rs8 premium per dollar – Neutral
https://www.dawn.com/news/1818688/exporters-reap-rs8-premium-per-dollar

SBP injects Rs8tr to ease liquidity woes Neutral
https://tribune.com.pk/story/2458095/sbp-injects-rs8tr-to-ease-liquidity-woes

Feb CPI-based inflation up 23.1pc YoY – Neutral
https://epaper.brecorder.com/2024/03/02/1-page/986671-news.html

Weekly SPI up 1.27pc – Neutral
https://epaper.brecorder.com/2024/03/02/8-page/986722-news.html

Feb oil sales decline 8pc YoY – Negative
https://epaper.brecorder.com/2024/03/03/8-page/986780-news.html

LPG price reduced slightly – Neutral
https://www.dawn.com/news/1818483/lpg-price-reduced-slightly

E&P firms prefer third parties – Neutral
https://tribune.com.pk/story/2458091/ep-firms-prefer-third-parties

Rs4.25/lit premium on petrol adjusted – Neutral
https://epaper.brecorder.com/2024/03/02/8-page/986717-news.html

Nepra approves key renewable energy projects for KE – Neutral
https://www.thenews.com.pk/print/1163828-nepra-approves-key-renewable-energy-projects-for-ke

Payment to Chinese IPPs; Power Division allowed to draw Rs4bn from PERA – Neutral
https://epaper.brecorder.com/2024/03/02/8-page/986723-news.html

Insurance of power sector infrastructure can attract local, foreign investment’ – Neutral
https://www.brecorder.com/news/40291575/insurance-of-power-sector-infrastructure-can-attract-local-foreign-investment

Nepra approves modification in generation licence of Wapda – Neutral
https://epaper.brecorder.com/2024/03/02/1-page/986663-news.html

Gwadar coal-fired power plant; PPIB extends financial closing date – Neutral
https://epaper.brecorder.com/2024/03/03/1-page/986731-news.html

‘Increased expenses’: Pak Suzuki jacks up car prices by up to Rs180,000 – Neutral
https://www.brecorder.com/news/40291546/increased-expenses-pak-suzuki-jacks-up-car-prices-by-up-to-rs180000

Lower output, imported cars dent vendor sector – Neutral
https://www.dawn.com/news/1818479/lower-output-imported-cars-dent-vendor-sector

Urea prices skyrocket as gas subsidies vanish, wheat crop at risk – Neutral
https://www.thenews.com.pk/print/1163319-urea-prices-skyrocket-as-gas-subsidies-vanish-wheat-crop-at-risk

AGP objects to Rs15b lent to PIA without approval – Neutral
https://tribune.com.pk/story/2458194/agp-objects-to-rs15b-lent-to-pia-without-approval

Online freelancers; PayPal remittances from this month: minister – Positive
https://epaper.brecorder.com/2024/03/03/1-page/986724-news.html

Govt to divert Rs10b from provincial projects – Neutral
https://tribune.com.pk/story/2458187/govt-to-divert-rs10b-from-provincial-projects

PSMA for withdrawal of 15pc RD on molasses’ exports – Neutral
https://epaper.brecorder.com/2024/03/03/3-page/986743-news.html

Tobacco sector suffers as tax measure fuels black market: industry data – Negative
https://www.thenews.com.pk/print/1163762-tobacco-sector-suffers-as-tax-measure-fuels-black-market-industry-data

FBR extends T&T system to tiles sector – Neutral
https://www.brecorder.com/news/40291619/fbr-extends-tt-system-to-tiles-sector

Ramazan package: Rs6.48bn allocated – Neutral
https://epaper.brecorder.com/2024/03/02/1-page/986672-news.html

Shehbaz voted PM for a second time amid protest
https://epaper.brecorder.com/2024/03/04/1-page/986785-news.html

Joint session on 9th to elect new president
https://epaper.brecorder.com/2024/03/04/1-page/986786-news.html

Oil climbs 2%, notches weekly gains ahead of OPEC+ decision
https://www.reuters.com/business/energy/oil-prices-rise-gaza-deaths-complicate-ceasefire-talks-2024-03-01/