News Highlights Tuesday, October 1, 2024

FBR faces Rs96bn revenue shortfall in first quarter – Negative
https://www.thenews.com.pk/print/1235654-fbr-faces-rs96bn-revenue-shortfall-in-first-quarter

Bids amounting to Rs351bn accepted; Govt conducts buyback auction of MTBs – Neutral
https://epaper.brecorder.com/2024/10/01/12-page/1009465-news.html

Pakistan’s GDP grew at underwhelming 2.52pc last fiscal – Neutral
https://www.thenews.com.pk/print/1235669-pakistan-s-gdp-grew-at-underwhelming-2-52pc-last-fiscal

Fuel prices decline – Positive
https://epaper.brecorder.com/2024/10/01/1-page/1009345-news.html

Significant rise in LPG prices – Neutral
https://epaper.brecorder.com/2024/10/01/12-page/1009467-news.html

Sinosure to finance $1bn expansion project for Pakistan Refinery Limited – Positive
https://www.thenews.com.pk/print/1235495-sinosure-to-finance-1bn-expansion-project-for-pakistan-refinery-limited

Dar asks Ogra to plan RLNG tariff cut by $2 per mmBtu – Neutral
https://www.thenews.com.pk/print/1235658-dar-asks-ogra-to-plan-rlng-tariff-cut-by-2-per-mmbtu

Minimum tax payment; KE’s fuel cost, subsidy recoveries should be treated as turnover: SHC – Negative
https://epaper.brecorder.com/2024/10/01/1-page/1009341-news.html

Govt power plants to get Rs1,069bn capacity payments – Positive
https://www.thenews.com.pk/print/1235656-govt-power-plants-to-get-rs1-069bn-capacity-payments

Hubco plans to produce 50,000 electric vehicles annually – Positive
https://www.thenews.com.pk/print/1235498-hubco-plans-to-produce-50-000-electric-vehicles-annually

Agriculture posts 6.76pc growth in Q4FY24: NAC – Neutral
https://epaper.brecorder.com/2024/10/01/1-page/1009343-news.html

CCP launches Phase II review of PTCL-Telenor acquisition – Neutral
https://www.thenews.com.pk/print/1235504-ccp-launches-phase-ii-review-of-ptcl-telenor-acquisition

GIS auction rescheduled to 14th – Neutral
https://epaper.brecorder.com/2024/10/01/4-page/1009374-news.html

Balochistan being treated unfairly: Bilawal
https://www.thenews.com.pk/print/1235664-balochistan-being-treated-unfairly-bilawal

Oil steady as prospect of more supply offsets Middle East conflict worries
https://www.reuters.com/business/energy/oil-steady-prospect-more-supply-offsets-middle-east-conflict-worries-2024-10-01/

Asian Stocks Advance Led by Japan on Weaker Yen: Markets Wrap
https://www.bloomberg.com/news/articles/2024-09-30/stock-market-today-dow-s-p-live-updates?srnd=phx-markets