News Highlights Thursday, October 24, 2024

Islamabad, Riyadh agree on facilitating investments in key sectors – Positive
https://www.thenews.com.pk/latest/1243124-islamabad-riyadh-agree-on-facilitating-investments-in-key-sectors

IMF projects 2.1pc increase in govt expenditure – Neutral
https://epaper.brecorder.com/2024/10/24/1-page/1012592-news.html

OGDCL announces gas discovery in Khairpur – Positive
https://epaper.brecorder.com/2024/10/24/2-page/1012603-news.html

Power generation in Pakistan falls in September amid rising costs, shift to renewables – Negative
https://www.brecorder.com/news/40328553/power-generation-in-pakistan-falls-in-september-amid-rising-costs-shift-to-renewables

MoF unwilling to legalise revenue-based load shedding – Neutral
https://epaper.brecorder.com/2024/10/24/1-page/1012591-news.html

Disco applicable rates; Govt set to provide power to SEZs – Neutral
https://epaper.brecorder.com/2024/10/24/1-page/1012590-news.html

Sales tax on tractors hiked to 14pc from 10pc – Negative
https://epaper.brecorder.com/2024/10/24/12-page/1012664-news.html

Supernet secures 20-Year FLL Licenses – Positive
https://mettisglobal.news/supernet-secures-20-year-fll-licenses/

Aug-Sep: number of cellular subscribers rises to 193.346m – Positive
https://epaper.brecorder.com/2024/10/24/4-page/1012619-news.html

Bank deposits increase 1.8% to Rs31.3tr in Sep – Positive
https://mettisglobal.news/bank-deposits-increase-1-8-to-rs31-3tr-in-sep/

‘No proposal under study on ADR tax exemption for banks’ – Negative
https://epaper.brecorder.com/2024/10/24/12-page/1012665-news.html

PIA’s final auction to be held on October 30 after delays – Positive
https://tribune.com.pk/story/2504841/pias-final-auction-to-be-held-on-october-30-after-delays

Pakistan earns US $111m from travel services’ export in Jul-Aug – Positive
https://profit.pakistantoday.com.pk/2024/10/23/pakistan-earns-us-111m-from-travel-services-export-in-jul-aug/

New CJP to take oath of office on 26th
https://epaper.brecorder.com/2024/10/24/1-page/1012587-news.html

Over 60 US House of Representatives members seek release of Imran, others
https://www.thenews.com.pk/print/1243370-over-60-us-house-of-representatives-members-seek-release-of-imran-others

Oil prices edge higher, on track for 3% weekly gain
https://www.reuters.com/markets/commodities/oil-prices-edge-higher-track-3-weekly-gain-2024-10-24/

Asian stocks fall, yen steadies after weakening
https://www.cnbctv18.com/market/asian-stocks-fall-yen-steadies-after-weakening-19498035.htm