News Highlights Wednesday, July 24, 2024

Strategic reforms roadmap; 11 ministries to liaise with consultants – Neutral
https://epaper.brecorder.com/2024/07/24/1-page/1000298-news.html

Transfer of PSDP projects to provinces discussed – Neutral
https://www.brecorder.com/news/40314098/transfer-of-psdp-projects-to-provinces-discussed

MARI successfully concludes Ghazij appraisal program – Positive
https://www.brecorder.com/news/40313959/mari-successfully-concludes-ghazij-appraisal-program

‘Refineries upgrade at risk due to newly-introduced sales tax exemption’ – Neutral
https://www.brecorder.com/news/40313983/refineries-upgrade-at-risk-due-to-newly-introduced-sales-tax-exemption

$13.3bn needed for universal power access: WB – Negative
https://epaper.brecorder.com/2024/07/24/1-page/1000294-news.html

PM seeks plan for low-cost electricity for industry – Neutral
https://epaper.brecorder.com/2024/07/24/1-page/1000292-news.html

Public sector power projects: Govt intends to reduce RoE – Neutral
https://www.brecorder.com/news/40314107/public-sector-power-projects-govt-intends-to-reduce-roe

FPCCI to challenge IPPs capacity charges in SC – Neutral
https://www.thenews.com.pk/print/1212609-fpcci-to-challenge-ipps-capacity-charges-in-sc

DFML shares progress on EV manufacturing, share price hits upper limit – Positive
https://www.brecorder.com/news/40313977/dfml-shares-progress-on-ev-manufacturing-share-price-hits-upper-limit

Cement dealers say govt inaction could lead to collapse – Negative
https://www.thenews.com.pk/print/1212610-cement-dealers-say-govt-inaction-could-lead-to-collapse

MetaTech Trading merges into Big Bird Foods – Neutral
https://mettisglobal.news/metatech-trading-merges-into-big-bird-foods/

Banks allowed to charge off fully provisioned NPLs – Neutral
https://epaper.brecorder.com/2024/07/24/12-page/1000423-news.html

British MPs express willingness to ‘internationalise’ PTI grievances on state clampdown
https://www.dawn.com/news/1847553/british-mps-express-willingness-to-internationalise-pti-grievances-on-state-clampdown

Govt establishes special courts to tackle ‘digital terrorism’
https://tribune.com.pk/story/2482376/govt-establishes-special-courts-to-tackle-digital-terrorism

Oil prices rise as US crude and fuel inventories seen shrinking
https://www.reuters.com/business/energy/oil-prices-rise-us-crude-fuel-inventories-seen-shrinking-2024-07-24/

Asian Stocks in Tight Range After Big Tech Results: Markets Wrap
https://www.bloomberg.com/news/articles/2024-07-23/stock-market-today-dow-s-p-live-updates?srnd=phx-markets