News Highlights Monday, September 23, 2024

Rupee gains further ground against US dollar – Positive
https://www.brecorder.com/news/40323187/rupee-gains-further-ground-against-us-dollar

SBP earnings triple to all-time high – Positive
https://www.dawn.com/news/1860347/sbp-earnings-triple-to-all-time-high

Second phase of CPEC; Wish list to be shared with Chinese PM – Neutral
https://epaper.brecorder.com/2024/09/23/1-page/1008202-news.html

Domestic borrowing: govt to borrow on its own terms, says Aurangzeb – Neutral
https://www.brecorder.com/news/40323246/domestic-borrowing-govt-to-borrow-on-its-own-terms-says-aurangzeb

Govt eyes Rs450b in tax via digital tracking – Neutral
https://tribune.com.pk/story/2497791/govt-eyes-rs450b-in-tax-via-digital-tracking

PM gives go-ahead for drastic tax enforcement – Neutral
https://www.dawn.com/news/1860157

Debt burden: Every citizen now owes Rs295,000 to national, global institutions – Negative
https://www.nation.com.pk/22-Sep-2024/debt-burden-every-citizen-now-owes-rs295-000-to-national-global-institutions

FBR to Face Shortfall of Rs. 275 Billion in Q1 FY 2025 – Negative
https://propakistani.pk/2024/09/21/fbr-to-face-shortfall-of-rs-275-billion-in-q1-fy-2025/

OGDCL, Chinese company sign MoU on shale, tight gas exploration – Positive
https://epaper.brecorder.com/2024/09/23/12-page/1008318-news.html

Silk Route Expo; Oil, gas firms hold B2B meetings with Chinese cos – Positive
https://epaper.brecorder.com/2024/09/22/1-page/1008097-news.html

Terminate PPAs or face the music, 5 IPP owners told – Negative
https://www.thenews.com.pk/print/1232948-terminate-ppas-or-face-the-music-5-ipp-owners-told

IPPs’ review completed; tariff relief expected: Leghari – Positive
https://www.thenews.com.pk/print/1232376-ipps-review-completed-tariff-relief-expected-leghari

Aug FCA: KE seeks Re0.51 positive adjustment – Neutral
https://epaper.brecorder.com/2024/09/21/1-page/1008002-news.html

Carry to Every — swansong of the Suzuki dabba – Neutral
https://www.dawn.com/news/1860350/carry-to-every-swansong-of-the-suzuki-dabba

FFBL board approves merger with Fauji Fertilizer – Neutral
https://www.brecorder.com/news/40323227/ffbl-board-approves-merger-with-fauji-fertilizer

Bidding for PIACL to be held on Oct 1 – Positive
https://epaper.brecorder.com/2024/09/21/1-page/1008007-news.html

Pakistan’s Citi Pharma commences nutraceutical exports to US – Positive
https://www.brecorder.com/news/40323220/pakistans-citi-pharma-commences-nutraceutical-exports-to-us

Mughal Steel to Invest PKR 2 Billion in Re-rolling Mill Upgradation
https://augaf.com/mughal-steel-to-invest-pkr-2-billion-in-re-rolling-mill-upgradation/

Export of 140,000MT sugar approved – Positive
https://tribune.com.pk/story/2497555/export-of-140000mt-sugar-approved

TPL, Abhi to acquire FINCA Microfinance – Positive
https://www.dawn.com/news/1860152/tpl-abhi-to-acquire-finca-microfinance

Real estate potential stands at $2.11tr – Positive
https://tribune.com.pk/story/2497796/real-estate-potential-stands-at-211tr

Chinese investment company to set up textile parks – Positive
https://epaper.brecorder.com/2024/09/21/1-page/1008003-news.html

Fed rate cut boosts Pakistan’s prospects – Positive
https://tribune.com.pk/story/2497793/fed-rate-cut-boosts-pakistans-prospects

Banks park record Rs5.4tr in risk-free govt papers – Neutral
https://www.dawn.com/news/1860343/banks-park-record-rs54tr-in-risk-free-govt-papers

Rice exporters on edge as India lifts restrictions – Negative
https://tribune.com.pk/story/2497795/rice-exporters-on-edge-as-india-lifts-restrictions

Different sectors; EDF Board approves number of projects – Neutral
https://epaper.brecorder.com/2024/09/23/1-page/1008204-news.html

Constitutional Package set for NA presentation in 1st week of October: Barrister Aqeel
https://www.dawn.com/news/1860453/constitutional-package-set-for-na-presentation-in-1st-week-of-october-barrister-aqeel

Fazlur Rehman warns of instability if constitution is ignored
https://tribune.com.pk/story/2497948/fazlur-rehman-warns-of-instability-if-constitution-is-ignored

Oil edges up following US rate cut move, geopolitical concerns
https://www.reuters.com/markets/commodities/oil-edges-up-following-us-rate-cut-move-geopolitical-concerns-2024-09-23/

China Concerns Weigh on Traders After Weak Data: Markets Wrap
https://www.bloomberg.com/news/articles/2024-09-22/asian-stocks-poised-to-fall-as-china-woes-worsen-markets-wrap?srnd=phx-markets