News Highlights Wednesday, August 21, 2024

RDA attracts $161m in July – Positive
https://mettisglobal.news/rda-attracts-161m-in-july/

CPEC phase-2 projects; Preparation of concept papers for next five years sought – Neutral
https://epaper.brecorder.com/2024/08/21/12-page/1004201-news.html

Pakistan’s oil reserves surge 26% as OGDC and MARI report significant upgrades – Positive
https://profit.pakistantoday.com.pk/2024/08/20/pakistans-oil-reserves-surge-26-as-ogdc-and-mari-report-significant-upgrades/

Gas tariff to stay unchanged for 3 months: Musadik – Neutral
https://epaper.brecorder.com/2024/08/21/1-page/1004058-news.html

70pc serviced population does not pay power bills: ADB – Negative
https://epaper.brecorder.com/2024/08/21/1-page/1004055-news.html

Tariff differential; KE could be allowed to claim mark-up at KIBOR+3.5pc if… – Neutral
https://epaper.brecorder.com/2024/08/21/12-page/1004198-news.html

Privatisation of Discos: key decisions made – Neutral
https://epaper.brecorder.com/2024/08/21/1-page/1004054-news.html

Pakistan can save up to Rs50bn if citizens endure two-hour of loadshedding: energy minister – Neutral
https://www.thenews.com.pk/latest/1221982-pakistan-can-save-up-to-rs50bn-if-citizens-endure-two-hour-of-loadshedding-energy-minister

Car financing in Pakistan drops for 25th consecutive month – Negative
https://mettisglobal.news/car-financing-in-pakistan-drops-for-25th-consecutive-month/

Government to devise separate auto parts manufacturing policy – Neutral
https://profit.pakistantoday.com.pk/2024/08/20/government-to-devise-separate-auto-parts-manufacturing-policy/

CCP engages all stakeholders, regulators in PTCL-Telenor merger – Neutral
https://mettisglobal.news/ccp-engages-all-stakeholders-regulators-in-ptcl-telenor-merger/

Air Link partners with Acer Gadget to assemble laptops, tablets in Pakistan – Positive
https://www.brecorder.com/news/40318354/air-link-partners-with-acer-gadget-to-assemble-laptops-tablets-in-pakistan

Pakistan’s pharmaceutical industry sees record 22% growth in FY24 – Positive
https://profit.pakistantoday.com.pk/2024/08/20/pakistans-pharmaceutical-industry-sees-record-22-growth-in-fy24/

ME trade growth strategy mapped out – Neutral
https://epaper.brecorder.com/2024/08/21/1-page/1004059-news.html

Gold prices soar to new highs – Neutral
https://epaper.brecorder.com/2024/08/21/2-page/1004067-news.html

Imran Khan urges UK PM to uphold ‘freedom and fairness’ in Pakistan’s political crisis
https://tribune.com.pk/story/2489622/imran-khan-urges-uk-pm-to-uphold-freedom-and-fairness-in-pakistans-political-crisis

Opposition all set to stage power show in Islamabad
https://tribune.com.pk/story/2489610/opposition-all-set-to-stage-power-show-in-islamabad

Oil prices down on swelling US crude stocks, easing Middle East tensions
https://www.reuters.com/markets/commodities/oil-prices-down-swelling-us-crude-stocks-easing-middle-east-tensions-2024-08-21/

Asian Stocks Take a Breather After Three-Day Rally: Markets Wrap
https://www.bloomberg.com/news/articles/2024-08-20/stock-market-today-dow-s-p-live-updates?srnd=phx-markets