News Highlights Friday, August 16, 2024

Auction for Ijarah Sukuk; PSX raises Rs119bn against Rs100bn target – Neutral
https://epaper.brecorder.com/2024/08/16/1-page/1003368-news.html

SBP-held foreign exchange reserves increase $119mn, now stand at $9.27bn – Neutral
https://www.brecorder.com/news/40317670/sbp-held-foreign-exchange-reserves-increase-119mn-now-stand-at-927bn

External debt-to-GDP ratio hits 6-year low – Neutral
https://epaper.brecorder.com/2024/08/16/1-page/1003367-news.html

July petroleum imports soar 60pc to $1.266bn yoy – Negative
https://epaper.brecorder.com/2024/08/16/4-page/1003402-news.html

Refining sector set for massive furnace oil exports – Neutral
https://www.thenews.com.pk/print/1220209-refining-sector-set-for-massive-furnace-oil-exports

Shehbaz govt may follow IK admin’s lead on IPPs – Neutral
https://www.brecorder.com/news/40317795/shehbaz-govt-may-follow-ik-admins-lead-on-ipps

Filed on behalf of Star Hydro; Nepra returns CPPA-G’s tariff revision plea – Neutral
https://epaper.brecorder.com/2024/08/16/1-page/1003373-news.html

‘Hastily implemented firewall’ could cause economy loss of $300 million: P@SHA – Negative
https://www.thenews.com.pk/print/1220207-hastily-implemented-firewall-could-cause-economy-loss-of-300-million-p-sha

Senate committee demands action on internet slowdown within two weeks – Neutral
https://tribune.com.pk/story/2488318/senate-committee-demands-action-on-internet-slowdown-within-two-weeks

PIACL debt restructuring; Fair value impact to be recognised on PIAHCL portfolio as per IFRS-9: SBP – Neutral
https://epaper.brecorder.com/2024/08/16/1-page/1003377-news.html

July textile group exports down 3.09pc to $1.27bn YoY – Negative
https://epaper.brecorder.com/2024/08/16/1-page/1003380-news.html

Five mineral projects picked for investment – Neutral
https://tribune.com.pk/story/2488071/five-mineral-projects-picked-for-investment

ADM Group to invest $250m in Pakistan’s electric vehicle sector – Neutral
https://www.nation.com.pk/16-Aug-2024/adm-group-to-invest-dollar-250m-in-pakistan-s-electric-vehicle-sector

‘Unbearable’ food, power prices worry Nawaz
https://tribune.com.pk/story/2488473/unbearable-food-power-prices-worry-nawaz

Oil prices set for weekly gains on renewed enthusiasm around US economy
https://www.reuters.com/business/energy/oil-prices-set-weekly-gains-renewed-enthusiasm-around-us-economy-2024-08-16/

Asian Equities Rally as US Recession Fears Fade: Markets Wrap
https://www.bloomberg.com/news/articles/2024-08-15/stock-market-today-dow-s-p-live-updates?srnd=phx-markets