News Highlights Monday, June 24, 2024

Budget: IMF hails ‘tough decisions’ – Neutral
https://epaper.brecorder.com/2024/06/23/1-page/996496-news.html

July-May FDI grows $224m to $1.729bn YoY – Positive
https://epaper.brecorder.com/2024/06/22/1-page/996413-news.html

$250m policy-based loan deal signed with ADB – Positive
https://epaper.brecorder.com/2024/06/22/1-page/996407-news.html

WB approves $535m for social protection, livestock development – Neutral
https://epaper.brecorder.com/2024/06/22/8-page/996488-news.html

Primary payments; C/A posts $270m deficit in May – Neutral
https://epaper.brecorder.com/2024/06/22/1-page/996418-news.html

Tax measures to stoke inflation: Senate panel – Neutral
https://epaper.brecorder.com/2024/06/23/1-page/996498-news.html

Senate panel finalises proposals for changes in finance bill – Neutral
https://epaper.brecorder.com/2024/06/23/1-page/996499-news.html

Trade gap with 9 regional states widens by 41pc – Negative
https://www.dawn.com/news/1841428/trade-gap-with-9-regional-states-widens-by-41pc

Rupee strengthens amid REER depreciation – Neutral
https://tribune.com.pk/story/2472957/rupee-strengthens-amid-reer-depreciation

Record 763,000 tonnes of fuel oil exported in 11MFY24 – Neutral
https://www.thenews.com.pk/print/1202569-record-763-000-tonnes-of-fuel-oil-exported-in11mfy24

Hubco subsidiary ventures into EVs with China’s BYD – Positive
https://epaper.brecorder.com/2024/06/22/8-page/996482-news.html

Purchase/lease of cars; FTO detects serious flaws in WHT deduction – Neutral
https://epaper.brecorder.com/2024/06/23/1-page/996494-news.html

Auto financing drops for 23rd straight month – Negative
https://www.dawn.com/news/1841151/auto-financing-drops-for-23rd-straight-month

Millat Tractors fined Rs5.4bn for sales tax audit discrepancy – Negative
https://www.dawn.com/news/1841150/millat-tractors-fined-rs54bn-for-sales-tax-audit-discrepancy

MoIP opposes tax hike on hybrid EVs – Neutral
https://www.dawn.com/news/1841431/moip-opposes-tax-hike-on-hybrid-evs

ICT export proceeds surge in May – Positive
https://www.dawn.com/news/1841427/ict-export-proceeds-surge-in-may

Alarm raised over proposed taxes on mobile handsets & telecom services – Neutral
https://www.brecorder.com/news/40309436/alarm-raised-over-proposed-taxes-on-mobile-handsets-telecom-services

Made in Pakistan’ mobile phones meet 95% demand – Neutral
https://tribune.com.pk/story/2473151/made-in-pakistan-mobile-phones-meet-95-demand

Packaged milk per litre; Consumers to pay Rs50 more from July 1 – Negative
https://epaper.brecorder.com/2024/06/22/8-page/996477-news.html

Non-performing bank loans; Finance bill proposes amendments in 7th Schedule
https://epaper.brecorder.com/2024/06/24/3-page/996625-news.html

SMEs get meagre 7.3pc of bank loans extended to private sector – Neutral
https://www.thenews.com.pk/print/1202564-smes-get-meagre-7-3pc-of-bank-loans-extended-to-private-sector

Airports outsourcing: UAE delegation due on 24th- Neutral
https://www.brecorder.com/news/40309283/airports-outsourcing-uae-delegation-due-on-24th

Foreign travel ban on non-filers
https://epaper.brecorder.com/2024/06/24/1-page/996616-news.html

Major urban cities; Valuation of immovable properties to be increased to 90pc – Neutral
https://epaper.brecorder.com/2024/06/22/1-page/996415-news.html

Disposal of immovable property; 15pc flat rate on gain proposed
https://epaper.brecorder.com/2024/06/24/1-page/996617-news.html

New tax on over 200 medical instruments set to drive up healthcare costs – Neutral
https://tribune.com.pk/story/2473038/new-tax-on-over-200-medical-devices-set-to-drive-up-healthcare-costs

Govt assailed for further taxing the salaried class – Neutral
https://epaper.brecorder.com/2024/06/22/1-page/996412-news.html

Counter-terrorism campaign; Operation ‘Azm-e-Istehkam’ launched
https://epaper.brecorder.com/2024/06/23/1-page/996492-news.html

PTI refuses to back ‘Azm-e-Istehkam’ op, says military must seek Parliament’s approval first
https://tribune.com.pk/story/2473278/pti-refuses-to-back-azm-e-istehkam-op-says-military-must-seek-parliaments-approval-first

Oil prices ease on strong dollar, mixed global economic news
https://www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/