News Highlight Friday, May 10, 2024

April remittances up 27.9pc to $2.8bn YoY – Positive
https://epaper.brecorder.com/2024/05/10/1-page/992573-news.html

SBP’s reserves up $1.114bn to $9.120bn – Positive
https://epaper.brecorder.com/2024/05/10/12-page/992648-news.html

IMF to support CCP’s capacity building: Ruiz – Neutral
https://epaper.brecorder.com/2024/05/10/2-page/992581-news.html

Mid-term pipeline projects; New projects identified, Korean EXIM Bank team told – Neutral
https://epaper.brecorder.com/2024/05/10/12-page/992643-news.html

Public sector companies; PSO proposes swapping debt for stake – Neutral
https://epaper.brecorder.com/2024/05/10/1-page/992569-news.html

Togh-02 well in KP; OGDCL announces commencement of production – Positive
https://epaper.brecorder.com/2024/05/10/4-page/992598-news.html

Q4 of CFY: authorisation of Rs10.056bn approved for Power Division – Neutral
https://epaper.brecorder.com/2024/05/10/1-page/992570-news.html

KE’s FCA of nine months; Karachi-based businesspeople express their reservations – Negative
https://epaper.brecorder.com/2024/05/10/12-page/992647-news.html

Sazgar reports 3x YoY surge in auto rickshaw sales for April 2024 – Positive
https://mettisglobal.news/sazgar-reports-3x-yoy-surge-in-auto-rickshaw-sales-for-april-2024/

ST on tractors, pesticides likely – Negative
https://epaper.brecorder.com/2024/05/10/1-page/992567-news.html

IPO oversubscribed; IPAK raises Rs1.77bn in book-building process – Positive
https://epaper.brecorder.com/2024/05/10/2-page/992580-news.html

Judicial system, legal lacunas responsible for delay in May 9 trials: Sanaullah
https://www.thenews.com.pk/latest/1187181-judicial-system-legal-lacunas-responsible-for-delay-in-may-9-trials-sanaullah

Amnesty International demands release of ‘all peaceful protesters’ implicated in May 9 cases
https://www.dawn.com/news/1832473/amnesty-international-demands-release-of-all-peaceful-protesters-implicated-in-may-9-cases

Oil prices up on stronger Chinese data, Middle East conflict
https://www.reuters.com/business/energy/oil-prices-up-stronger-chinese-data-middle-east-conflict-2024-05-10/

Asian Stocks Rally as US Shares Near Fresh Record: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-09/stock-market-today-dow-s-p-live-updates?srnd=markets-vp