News Highlights Tuesday, August 13, 2024

July-March: govt signs $2.166bn loan commitments – Neutral
https://epaper.brecorder.com/2024/08/13/1-page/1002890-news.html

Cabinet approves panel for modalities; Rs75bn to be disbursed for projects under SDGs – Neutral
https://epaper.brecorder.com/2024/08/13/1-page/1002899-news.html

National Saving Schemes: CDNS reduces profit rates on some of its products – Neutral
https://www.brecorder.com/news/40317122/national-saving-schemes-cdns-reduces-profit-rates-on-some-of-its-products

OGDCL starts commercial production of tight gas in Sindh – Positive
https://epaper.brecorder.com/2024/08/13/12-page/1003028-news.html

Fuel price reduction in the offing – Neutral
https://tribune.com.pk/story/2487446/petrol-diesel-prices-likely-to-decrease

Proposal for 2-3pc sales tax on POL products to remove exemption – Neutral
https://www.thenews.com.pk/print/1219325-proposal-for-2-3pc-sales-tax-on-pol-products-to-remove-exemption

Car sales down 36% MoM in July over budgetary measures – Negative
https://www.brecorder.com/news/40317153/car-sales-down-36-mom-in-july-over-budgetary-measures

Millat Tractors warns of shutdown amid GST dispute and plummeting sales – Negative
https://www.brecorder.com/news/40317131/millat-tractors-warns-of-shutdown-amid-gst-dispute-and-plummeting-sales

MSCI shifts SAZEW to FM Index – Positive
https://mettisglobal.news/msci-shifts-sazew-to-fm-index/

Influential sugar mills linked to ruling parties default on Rs 23 billion loans taken from National Bank – Negative
https://profit.pakistantoday.com.pk/2024/08/12/influential-sugar-mills-linked-to-ruling-parties-default-on-rs-23-billion-loans-taken-from-national-bank/

Scrap importers misuse export scheme – Neutral
https://tribune.com.pk/story/2487600/scrap-importers-misuse-export-scheme

Over 58,000 traders registered against 3.2m target – Neutral
https://epaper.brecorder.com/2024/08/13/1-page/1002885-news.html

PTI demands notification for next CJP
https://www.brecorder.com/news/40317194/pti-demands-notification-for-next-cjp

White House warns of possible Iranian reprisal for Ismail Haniyeh’s killing this week
https://tribune.com.pk/story/2487560/white-house-warns-of-possible-iranian-reprisal-for-ismail-haniyehs-killing-this-week

Oil prices ease as markets refocus on demand worries
https://www.reuters.com/business/energy/oil-prices-ease-markets-refocus-demand-worries-2024-08-13/

Asian Stocks Recoup Losses from Last Week’s Rout: Markets Wrap
https://www.bloomberg.com/news/articles/2024-08-12/stock-market-today-dow-s-p-live-updates?srnd=phx-markets