News Highlights Monday, July 01, 2024

IMF bailout plan likely in July – Neutral
https://epaper.brecorder.com/2024/07/01/1-page/997453-news.html

‘Do more’ IMF says budget approval ‘not enough’ – Negative
https://www.brecorder.com/news/40310518/do-more-imf-says-budget-approval-not-enough

Govt introduces new tax measures to meet IMF criteria – Neutral
https://www.dawn.com/news/1842651/govt-introduces-new-tax-measures-to-meet-imf-criteria

New taxation steps come into effect today – Neutral
https://epaper.brecorder.com/2024/07/01/1-page/997452-news.html

Budget approved by NA ahead of fresh IMF loan – Positive
https://epaper.brecorder.com/2024/06/29/1-page/997267-news.html

Taxation scope expanded for NRPs – Neutral
https://www.brecorder.com/news/40310514/taxation-scope-expanded-for-nrps

FBR exceeds Rs9.2trn revised collection target – Positive
https://www.brecorder.com/news/40310517/fbr-exceeds-rs92trn-revised-collection-target

Dar-led Ecnec okays Rs411bn projects – Positive
https://www.dawn.com/news/1842766/dar-led-ecnec-okays-rs411bn-projects

ECNEC postpones $6.7b ML-I project – Neutral
https://tribune.com.pk/story/2475231/ecnec-postpones-67b-ml-i-project

Ministry warns of food-driven spike in inflation – Negative
https://www.dawn.com/news/1842650/ministry-warns-of-food-driven-spike-in-inflation

Petrol price hiked by Rs7.45, diesel’s by Rs9.56
https://epaper.brecorder.com/2024/07/01/1-page/997444-news.html

Pakistan to seek Qatar’s consent for selling excess LNG – Neutral
https://www.thenews.com.pk/print/1204911-pakistan-to-seek-qatar-s-consent-for-selling-excess-lng

EVs unit, charging stations by Chinese co: MoC directs removal of impediments to $250m potential investment – Neutral
https://www.brecorder.com/news/40310509/evs-unit-charging-stations-by-chinese-co-moc-directs-removal-of-impediments-to-250m-potential-investment

Acquisition of TPL; IFC approves $400m debt financing to PTCL – Positive
https://epaper.brecorder.com/2024/06/29/1-page/997261-news.html

Big gap in bank loans to govt, businesses – Neutral
https://www.dawn.com/news/1842876/big-gap-in-bank-loans-to-govt-businesses

Confectionery company Ismail Industries plans Dubai unit – Positive
https://www.dawn.com/news/1842648/confectionery-company-ismail-industries-plans-dubai-unit

Cross-subsidy to hit exports – Neutral
https://tribune.com.pk/story/2475242/cross-subsidy-to-hit-exports

FBR imposes tax on exporters of goods – Neutral
https://www.brecorder.com/news/40310516/fbr-imposes-tax-on-exporters-of-goods

Govt Increases Excise Duty On Airline Tickets Up to Rs. 350,000 in Finance Bill – Neutral
https://propakistani.pk/2024/06/28/govt-increases-excise-duty-on-airline-tickets-up-to-rs-350000-in-finance-bill/

Failure to block SIMs of non-filers: Cellular cos face the prospect of heavy penalties – Neutral
https://www.brecorder.com/news/40310513/failure-to-block-sims-of-non-filers-cellular-cos-face-the-prospect-of-heavy-penalties

Trade deficit with China grows by 34pc – Negative
https://www.thenews.com.pk/print/1204916-trade-deficit-with-china-grows-by-34pc

Tax rebate restored – Neutral
https://www.brecorder.com/news/40310519/tax-rebate-restored

Elections (Amendment) Bill approved amid opposition protest
https://www.brecorder.com/news/40310371/elections-amendment-bill-approved-amid-opposition-protest

Afghanistan warns Pakistan of ‘consequences’ of cross-border attacks
https://tribune.com.pk/story/2475192/afghanistan-warns-pakistan-of-consequences-of-cross-border-attacks

Oil inches higher on summer demand outlook
https://www.reuters.com/business/energy/oil-inches-higher-summer-demand-outlook-2024-07-01/