News Highlights Wednesday, July 31, 2024

S&P Global keeps rating at ‘CCC+’, citing reliance on foreign aid – Positive
https://www.brecorder.com/news/40315182/sp-global-keeps-rating-at-ccc-citing-reliance-on-foreign-aid

Finance ministry projects inflation moving towards single-digit rates – Positive
https://www.thenews.com.pk/latest/1214943-finance-ministry-projects-inflation-moving-towards-single-digit-rates

FY24 ends with a budget deficit of 6.8pc of GDP – Neutral
https://epaper.brecorder.com/2024/07/31/1-page/1001178-news.html

Govt set to reduce POL prices – Neutral
https://epaper.brecorder.com/2024/07/31/12-page/1001301-news.html

Petroleum products into sales Tax exemption: Change of status of zero-rating to benefit FBR worth Rs20bn – Neutral
https://www.brecorder.com/news/40315129/petroleum-products-into-sales-tax-exemption-change-of-status-of-zero-rating-to-benefit-fbr-worth-rs20bn

Privatization Commission announces to return 320 million OGDCL shares after decade – Neutral
https://profit.pakistantoday.com.pk/2024/07/30/privatization-commission-announces-to-return-320-million-ogdcl-shares-after-decade/

Subsidy package for those consuming up to 200 units announced – Neutral
https://epaper.brecorder.com/2024/07/31/1-page/1001172-news.html

Nepra faces backlash as KE seeks Rs5.50 per unit FCA – Neutral
https://www.dawn.com/news/1849121/nepra-faces-backlash-as-ke-seeks-rs550-per-unit-fca

IT, agri sector and SMEs; Aurangzeb asks banks to lend more – Positive
https://epaper.brecorder.com/2024/07/31/1-page/1001179-news.html

FBR tells banks; Only bad debts classified as loss are expense – Neutral
https://epaper.brecorder.com/2024/07/31/1-page/1001180-news.html

Exports to US decline – Negative
https://www.dawn.com/news/1849118/exports-to-us-decline

IK says ready to hold talks with military
https://epaper.brecorder.com/2024/07/31/1-page/1001169-news.html

Oil claws back some losses after Israel retaliates against Hezbollah
https://www.reuters.com/markets/commodities/oil-claws-back-some-losses-after-israel-retaliates-against-hezbollah-2024-07-31/