News Highlights Friday, October 11, 2024

Pakistan, Saudi Arabia sign MoUs worth $2.2bn – Positive
https://epaper.brecorder.com/2024/10/11/12-page/1010830-news.html

Saudi Arabia offers Pakistan share of $200bn in annual construction contracts – Positive
https://www.arabnews.com/node/2574721/business-economy

Reko Diq mines; Manara Minerals set to buy a stake: Al-Falih – Positive
https://epaper.brecorder.com/2024/10/11/12-page/1010828-news.html

Forex reserves hit 2-year high of $16bn – Positive
https://epaper.brecorder.com/2024/10/11/12-page/1010827-news.html

IMF calls for lowering trade barriers – Neutral
https://www.dawn.com/news/1864382/imf-calls-for-lowering-trade-barriers

World Bank warns of missing targets – Neutral
https://tribune.com.pk/story/2502011/world-bank-warns-of-missing-targets

Ogra proposes increase in margins for OMCs and petroleum dealers – Neutral
https://www.thenews.com.pk/print/1238784-ogra-proposes-increase-in-margins-for-omcs-and-petroleum-dealers

Govt targets Rs8 to Rs10 per unit cut in power tariff as five IPPs cancel contracts – Neutral
https://profit.pakistantoday.com.pk/2024/10/10/govt-targets-rs8-to-rs10-per-unit-cut-in-power-tariff-as-five-ipps-cancel-contracts/

Govt ends deals with five private IPPs – Positive
https://epaper.brecorder.com/2024/10/11/1-page/1010690-news.html

Hubco agrees to end power project early – Neutral
https://www.thenews.com.pk/print/1238782-hubco-agrees-to-end-power-project-early

Auto sector posts robust sales, except tractors – Positive
https://www.dawn.com/news/1864380/auto-sector-posts-robust-sales-except-tractors

Cement sector defaults on over Rs 5 billion marking fee – Negative
https://profit.pakistantoday.com.pk/2024/10/11/cement-sector-defaults-on-over-rs-5-billion-marking-fee/

Burj Modaraba marks listing – Neutral
https://www.dawn.com/news/1864376/burj-modaraba-marks-listing

Pakistan’s pharma sector warns 2pc Cess in KP threatens exports to Afghanistan – Negative
https://epaper.brecorder.com/2024/10/11/2-page/1010700-news.html

Aurangzeb unveils punishments for corporate tax evaders – Neutral
https://www.dawn.com/news/1864381/aurangzeb-unveils-punishments-for-corporate-tax-evaders

PMLN, PPP agree on key constitutional reforms
https://www.thenews.com.pk/print/1238962-pmln-ppp-agree-on-key-constitutional-reforms

Oil eases though investors wary over potential Mideast supply disruption
https://www.reuters.com/markets/commodities/oil-eases-though-investors-wary-over-potential-mideast-supply-disruption-2024-10-11/

Asian shares set for first weekly loss in five, China stimulus eyed
https://www.reuters.com/markets/global-markets-wrapup-1-2024-10-11/