News Highlight Monday, May 27, 2024

IMF’s EFF; Notable progress made towards reaching SLA – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993841-news.html

Mining sector; Chinese firm assured of investment facilitation – Positive
https://epaper.brecorder.com/2024/05/26/1-page/993904-news.html

Emirs of Kuwait, Qatar accept PM’s invitation to visit Pakistan – Neutral
https://www.dawn.com/news/1835818/emirs-of-kuwait-qatar-accept-pms-invitation-to-visit-pakistan

IMF’s tax demands leave PM in a bind – Neutral
https://tribune.com.pk/story/2468220/imfs-tax-demands-leave-pm-in-a-bind

Public assets; Ministry seeks data to share it with IMF – Neutral
https://epaper.brecorder.com/2024/05/27/1-page/993966-news.html

Bailout for Pakistan: Eyebrows raised over rare IMF move to present report to board before loan talks – Neutral
https://www.thenews.com.pk/print/1193362-bailout-for-pakistan-eyebrows-raised-over-rare-imf-move-to-present-report-to-board-before-loan-talks

Country borrows $7.142bn during Jul-Apr – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993845-news.html

Roshan Digital Account inflows top $8 billion: SBP – Positive
https://www.thenews.com.pk/print/1192851-roshan-digital-account-inflows-top-8-billion-sbp

Cost of CPEC’s ML1 project cut to $6.8bn – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993846-news.html

Imports rise as curbs ease in second half – Neutral
https://www.dawn.com/news/1835730

Rupee overvalued; July depreciation seen: experts – Neutral
https://www.thenews.com.pk/print/1193259-rupee-overvalued-july-depreciation-seen-experts

Fuel prices likely to decline again – Positive
https://epaper.brecorder.com/2024/05/25/8-page/993890-news.html

OGRA raises RLNG prices up to 6.5pc for SSGC, SNGPL consumers – Negative
https://www.thenews.com.pk/print/1192852-ogra-raises-rlng-prices-up-to-6-5pc-for-ssgc-sngpl-consumers

PD seeks Rs260bn to settle RLNG diversion cost – Neutral
https://www.thenews.com.pk/print/1193742-pd-seeks-rs260bn-to-settle-rlng-diversion-cost

Country’s gas transmission system in danger zone – Negative
https://www.thenews.com.pk/print/1193740-country-s-gas-transmission-system-in-danger-zone

Govt to end subsidy on gas for fertiliser industry – Negative
https://www.thenews.com.pk/print/1193024-govt-to-end-subsidy-on-gas-for-fertiliser-industry

Pakistan Petroleum Ltd, Degan Exploration Works sign pact – Positive
https://www.dawn.com/news/1835729/pakistan-petroleum-ltd-degan-exploration-works-sign-pact

Infrastructure constraints at key ports choke oil industry: OCAC – Neutral
https://www.thenews.com.pk/print/1192853-infrastructure-constraints-at-key-ports-choke-oil-industry-ocac

Circular debt of power, petroleum sectors hits Rs5.3tr, says Musadik – Negative
https://www.thenews.com.pk/print/1193748-circular-debt-of-power-petroleum-sectors-hits-rs5-3tr-says-musadik

‘Carbon Tax’ on POL products; PM rejects major FBR budgetary proposals – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993844-news.html

KE seeks Rs10.69/unit hike in base tariff for 7 years – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993839-news.html

Pakistan seeks $17b from China – Neutral
https://tribune.com.pk/story/2468199/pakistan-seeks-17b-from-china

Power generation costs surge 15.4pc on expensive coal import – Negative
https://www.thenews.com.pk/print/1193262-power-generation-costs-surge-15-4pc-on-expensive-coal-import

JCC doesn’t take up plea for hiking tenor of Chinese IPPs $15.4bn debt – Neutral
https://www.thenews.com.pk/print/1193017-jcc-doesn-t-take-up-plea-for-hiking-tenor-of-chinese-ipps-15-4bn-debt

Share under NFC Award; Govt may explore option of sharing debt servicing, power circular debt with provinces – Neutral
https://epaper.brecorder.com/2024/05/25/1-page/993842-news.html

Indus Motor Company raises prices of Yaris facelift – Neutral
https://www.dawn.com/news/1835521/indus-motor-company-raises-prices-of-yaris-facelift

Budget proposals; OICCI calls for abolishing advance tax on telecom subscribers – Neutral
https://epaper.brecorder.com/2024/05/26/1-page/993895-news.html

Privatisation of SOEs; SIFC stresses need for meeting timelines – Neutral
https://epaper.brecorder.com/2024/05/26/1-page/993902-news.html

Major changes in tax laws expected thru Finance Bill 2024 – Neutral
https://epaper.brecorder.com/2024/05/27/1-page/993961-news.html

Lucky Core acquires Pfizer assets – Positive
https://www.dawn.com/news/1835779/company-news

Sugar exports hinge on Rs140/kg price cap for domestic market – Neutral
https://www.thenews.com.pk/print/1193263-sugar-exports-hinge-on-rs140-kg-price-cap-for-domestic-market

‘Skimmed & Instant Milk Powder’; New customs values on import of milk products fixed – Neutral
https://epaper.brecorder.com/2024/05/26/1-page/993908-news.html

Govt mulls price deregulation of red meat, milk – Neutral
https://www.dawn.com/news/1835727/govt-mulls-price-deregulation-of-red-meat-milk

55% of capacity of major sectors couldn’t be traced – Neutral
https://tribune.com.pk/story/2468334/55-of-capacity-of-major-sectors-couldnt-be-traced

Sacrificial animals’ purchase; SBP set to provide QR code payment mechanism – Neutral
https://epaper.brecorder.com/2024/05/25/2-page/993851-news.html

Trade gap with Middle East narrows 26pc – Neutral
https://www.dawn.com/news/1835523/trade-gap-with-middle-east-narrows-26pc

Poverty levels have risen: study – Negative
https://epaper.brecorder.com/2024/05/25/8-page/993894-news.html

PPP delegation discusses budget proposals with PM
https://www.thenews.com.pk/print/1193743-ppp-delegation-discusses-budget-proposals-with-pm

Asian Stocks Climb as Risk Sentiment Rebounds: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-26/asian-stocks-to-climb-as-risk-sentiment-rebounds-markets-wrap?srnd=markets-vp

Oil prices little changed as markets look to OPEC+ meeting
https://www.reuters.com/markets/commodities/oil-prices-little-changed-markets-look-opec-meeting-2024-05-27/