News Highlight Monday, April 22, 2024

Pakistan makes formal request to IMF for another bailout – Positive
https://www.thenews.com.pk/print/1180166-pakistan-seeks-6-8bn-fresh-imf-package

IMF Executive board meetings scheduled till May 1: Pakistan not yet on the agenda – Neutral
https://www.brecorder.com/news/40299689/imf-executive-board-meetings-scheduled-till-may-1-pakistan-not-yet-on-the-agenda

Raisi to arrive today amid ME tensions – Neutral
https://epaper.brecorder.com/2024/04/22/1-page/991049-news.html

SOE transformation; ADB sending mission to develop $400m project scope – Neutral
https://epaper.brecorder.com/2024/04/21/1-page/990987-news.html

Crisis-Resilient Social Protection programme; WB to approve $270m additional financing next month – Neutral
https://epaper.brecorder.com/2024/04/22/1-page/991055-news.html

Pakistan promises high returns, profit repatriation priority on Saudi investment – Neutral
https://profit.pakistantoday.com.pk/2024/04/20/pakistan-promises-high-returns-profit-repatriation-priority-on-saudi-investment/

Pakistan to launch Panda bonds in coming fiscal, says Aurangzeb – Neutral
https://www.brecorder.com/news/40299480/pakistan-to-launch-panda-bonds-in-coming-fiscal-says-aurangzeb

Government faces revenue shortfall amid fertiliser sector reform delays – Neutral
https://www.thenews.com.pk/print/1180170-government-faces-revenue-shortfall-amid-fertiliser-sector-reform-delays

Govt borrows record Rs5.5tr from banks – Negative
https://www.dawn.com/news/1828538/govt-borrows-record-rs55tr-from-banks

Rising food exports fuel inflation – Negative
https://www.dawn.com/news/1828718/rising-food-exports-fuel-inflation

Govt apprises NA about its approach to prices of POL products – Neutral
https://www.brecorder.com/news/40299462/govt-apprises-na-about-its-approach-to-prices-of-pol-products

E&P firms seek Rs75b tariff subsidy – Neutral
https://tribune.com.pk/story/2463210/ep-firms-seek-rs75b-tariff-subsidy

Ogra, oil industry propose phased deregulation of fuel prices – Neutral
https://www.dawn.com/news/1828536/ogra-oil-industry-propose-phased-deregulation-of-fuel-prices

Petroleum dealers threaten to go on strike – Negative
https://epaper.brecorder.com/2024/04/22/4-page/991084-news.html

Iranian gas will come at a price for Pakistan – Neutral
https://tribune.com.pk/story/2463429/iranian-gas-will-come-at-a-price-for-pakistan

$5-6bn upgrade of refineries hits snags – Negative
https://www.thenews.com.pk/print/1180346-5-6bn-upgrade-of-refineries-hits-snags

10-year solar panel manufacturing policy finalized – Positive
https://epaper.brecorder.com/2024/04/20/1-page/990921-news.html

Payments issue with CPPA-G; Shanghai Electric lodges complaint with PM – Neutral
https://epaper.brecorder.com/2024/04/20/1-page/990920-news.html

PIA okays restructuring, investment – Positive
https://tribune.com.pk/story/2463325/pia-okays-restructuring-investment

Pakistan’s IT sector secures $500 million in investment pledges at tech expo – Neutral
https://www.thenews.com.pk/print/1180564-pakistan-s-it-sector-secures-500-million-in-investment-pledges-at-tech-expo

PTC faces export crisis on regulatory hurdles – Neutral
https://tribune.com.pk/story/2463327/ptc-faces-export-crisis-on-regulatory-hurdles

PMPKL laments significant decline in volumes within legitimate tobacco sector – Neutral
https://tribune.com.pk/story/2463036/pmpkl-laments-significant-decline-in-volumes-within-legitimate-tobacco-sector

Textile exports earn $12.44 billion for Pakistan in 9 months – Neutral
https://www.nation.com.pk/21-Apr-2024/textile-exports-earn-dollar-12-44-billion-for-pakistan-in-9-months

Russia warns of rice import ban over safety concerns – Neutral
https://www.dawn.com/news/1828713/russia-warns-of-rice-import-ban-over-safety-concerns

Crop production cost soars – Negative
https://tribune.com.pk/story/2463329/crop-production-cost-soars

Alleged supplies to missile programme; US imposes ban on four entities
https://epaper.brecorder.com/2024/04/21/1-page/990991-news.html

Stage set for by-elections
https://tribune.com.pk/story/2463233/stage-set-for-by-elections

New Iran Oil Sanctions Passed by US House in Foreign Aid Package
https://www.bloomberg.com/news/articles/2024-04-20/new-iran-oil-sanctions-passed-by-us-house-in-foreign-aid-package

Oil prices retreat as US crude build, rate cut concerns come to the fore
https://www.reuters.com/markets/commodities/oil-prices-retreat-us-crude-build-rate-cut-concerns-come-fore-2024-04-22/

Asian Stocks Rebound with Earnings, Data in Focus: Markets Wrap
https://www.bloomberg.com/news/articles/2024-04-21/asian-traders-brace-for-key-data-us-futures-rise-markets-wrap