News Highlights Wednesday, October 9, 2024

32 top Saudi cos’ team due today – Positive
https://epaper.brecorder.com/2024/10/09/1-page/1010418-news.html

Pakistan to sign $2bn accords with visiting Saudi team: PM – Positive
https://www.thenews.com.pk/print/1238180-ptm-banned-for-contacts-with-terrorist-outfits-tarar

Heavy investment expected in ‘Pakistan Sovereign Wealth Fund’ – Positive
https://epaper.brecorder.com/2024/10/09/12-page/1010547-news.html

Visit of Chinese PM: Proposal for reprofiling of $15.4bn CPEC power projects debt ready – Positive
https://www.thenews.com.pk/print/1238264-visit-of-chinese-pm-proposal-for-reprofiling-of-15-4bn-cpec-power-projects-debt-ready

WB pledges $2bn to help govt respond to 2022 floods – Positive
https://epaper.brecorder.com/2024/10/09/12-page/1010539-news.html

Govt debt hits all-time high of Rs70.36trn by Aug-end – Negative
https://epaper.brecorder.com/2024/10/09/1-page/1010409-news.html

5 IPPs start process of contract termination – Negative
https://www.thenews.com.pk/print/1238268-5-ipps-start-process-of-contract-termination

Crescent Steel secures Rs 2.74 billion contract from SNGPL – Positive
https://profit.pakistantoday.com.pk/2024/10/08/crescent-steel-secures-rs-2-74-billion-contract-from-sngpl/

Conditional export of sugar allowed – Positive
https://epaper.brecorder.com/2024/10/09/12-page/1010542-news.html

Remittances; Two incentives available to banks and ECs now – Positive
https://epaper.brecorder.com/2024/10/09/1-page/1010413-news.html

SBP increases retail portfolio limit to Rs300mn, enhances SME financing exposure cap – Neutral
https://www.brecorder.com/news/40326059/sbp-increases-retail-portfolio-limit-to-rs300mn-enhances-sme-financing-exposure-cap

Zardari urges business community to invest in stock exchange – Positive
https://www.thenews.com.pk/print/1238218-zardari-urges-business-community-to-invest-in-stock-exchange

Big Bird Foods unveils new seafood line to meet growing demand – Positive
https://profit.pakistantoday.com.pk/2024/10/08/big-bird-foods-unveils-new-seafood-line-to-meet-growing-demand/

Severe heatwave and rains slash cotton production by 50pc in Sindh, say growers – Negative
https://www.thenews.com.pk/print/1238096-severe-heatwave-and-rains-slash-cotton-production-by-50pc-in-sindh-say-growers

Palestine, Lebanon; Cabinet approves establishment of PM’s Relief Fund – Neutral
https://epaper.brecorder.com/2024/10/09/12-page/1010540-news.html

Govt may bring constitutional amendments after SCO summit
https://www.thenews.com.pk/print/1238260-govt-may-bring-constitutional-amendments-after-sco-summit

Crude prices slide over 4% on possible Hezbollah-Israel ceasefire
https://www.reuters.com/business/energy/oil-edges-lower-after-rallying-highest-over-month-middle-east-war-risk-2024-10-08/

Chinese Stocks Lead Asia Lower on Stimulus Concern: Markets Wrap
https://www.bloomberg.com/news/articles/2024-10-08/stock-market-today-dow-s-p-live-updates?srnd=phx-markets