News Highlight Monday, July 8, 2024

Taxes: Aurangzeb for breaking IMF bailout cycle – Neutral
https://epaper.brecorder.com/2024/07/08/1-page/998420-news.html

Rupee likely to depreciate by end-December – Neutral
https://www.thenews.com.pk/print/1207041-rupee-likely-to-depreciate-by-end-december

Policy rate might see a gradual decrease: Aurangzeb – Neutral
https://www.brecorder.com/news/40311638/policy-rate-might-see-a-gradual-decrease-aurangzeb

Senate passes SOEs amendment bill – Neutral
https://www.brecorder.com/news/40311550/senate-passes-soes-amendment-bill

Govt debt soars to Rs67.8tr in May – Negative
https://tribune.com.pk/story/2477037/govt-debt-soars-to-rs678tr-in-may

External debt, liabilities soar to $130.179bn by May – Neutral
https://www.brecorder.com/news/40311543/external-debt-liabilities-soar-to-130179bn-by-may

Govt fails to reform public companies as debt surges to Rs1.7tr – Negative
https://www.dawn.com/news/1844278/govt-fails-to-reform-public-companies-as-debt-surges-to-rs17tr

Govt doubles PSDP spending to Rs705b – Neutral
https://tribune.com.pk/story/2477254/govt-doubles-psdp-spending-to-rs705b

Services exports rise for fourth straight month – Positive
https://www.dawn.com/news/1844281/services-exports-rise-for-fourth-straight-month

Oil, gas firms say will invest $5bn in 3 years – Neutral
https://epaper.brecorder.com/2024/07/07/1-page/998334-news.html

Saudi Group acquires majority stake in Shell Pakistan – Positive
https://www.brecorder.com/news/40311640/saudi-group-acquires-majority-stake-in-shell-pakistan

Azeri firm seeks legislative safeguards for its investment – Neutral
https://epaper.brecorder.com/2024/07/08/1-page/998421-news.html

$5-6bn upgrade: Refineries get 6 months more to sign agreements – Neutral
https://www.thenews.com.pk/print/1206895-5-6bn-upgrade-refineries-get-6-months-more-to-sign-agreements

Dues hit Rs97.697bn mark: SSGC disconnects supply to PSML – Neutral
https://www.dawn.com/news/1844115/ssgc-disconnects-gas-supply-to-pakistan-steel

Turnover tax on petroleum dealers reversed – Neutral
https://www.brecorder.com/news/40311641/turnover-tax-on-petroleum-dealers-reversed

April FCA: Nepra gives relief of Rs1.67/unit – Neutral
https://epaper.brecorder.com/2024/07/07/1-page/998328-news.html

Discos’ consumers: Nepra notifies Rs3.33 per unit FCA for May – Neutral
https://www.brecorder.com/news/40311539/discos-consumers-nepra-notifies-rs333-per-unit-fca-for-may

Power Div announces revised tariff for domestic consumers – Neutral
https://epaper.brecorder.com/2024/07/07/5-page/998374-news.html

Private sector’s participation in privatisation of Discos; WB agrees to extend financial support under NLTA – Neutral
https://epaper.brecorder.com/2024/07/08/1-page/998417-news.html

Power sector’s circular debt reaches Rs2,655bn by May – Negative
https://www.brecorder.com/news/40311538/power-sectors-circular-debt-reaches-rs2655bn-by-may

UBL completes sale of UNBL UK shareholding – Neutral
https://www.thenews.com.pk/print/1206736-ubl-completes-sale-of-unbl-uk-shareholding

Financial sector assets grow 27pc in 2023: SBP report – Neutral
https://www.dawn.com/news/1844114/financial-sector-assets-grow-27pc-in-2023-sbp-report

Agriculture and SME finance expansion – Neutral
https://epaper.brecorder.com/2024/07/08/7-page/998461-news.html

Interloop is Now Largest Textile Exporter of Pakistan – Positive
https://propakistani.pk/2024/07/07/interloop-is-now-largest-textile-exporter-of-pakistan/

Govt holds telecom projects’ funds – Neutral
https://tribune.com.pk/story/2477036/govt-holds-telecom-projects-funds

Flour millers to go on strike from 11th – Neutral
https://epaper.brecorder.com/2024/07/07/8-page/998412-news.html

FBR mulling new scheme to bring traders into tax net – Neutral
https://www.thenews.com.pk/print/1206881-fbr-mulling-new-scheme-to-bring-traders-into-tax-net

Senate panel told: No Toshakhana gift worth $300 or more to be retained
https://www.thenews.com.pk/print/1206880-senate-panel-told-no-toshakhana-gift-worth-300-or-more-to-be-retained

‘Awaam Pakistan’ party launched
https://www.dawn.com/news/1844359/awaam-pakistan-party-launched

Nawaz throws weight behind armed forces
https://tribune.com.pk/story/2477328/nawaz-throws-weight-behind-armed-forces

Oil little changed as investors eye impact of storm Beryl on Texas
https://www.reuters.com/markets/commodities/oil-little-changed-investors-eye-impact-storm-beryl-texas-2024-07-08/