News Highlights Friday, November 01, 2024

SBP to announce policy rate on Nov 4 – Neutral
https://mettisglobal.news/sbp-to-announce-policy-rate-on-nov-4/

IMF lowers Pakistan’s inflation forecast to 9.5% – Positive
https://tribune.com.pk/story/2506570/imf-lowers-pakistans-inflation-forecast-to-95

SBP reserves jump another $116m to $11.16bn – Positive
https://mettisglobal.news/sbp-reserves-jump-another-116m-to-11-16bn/

PM holds trade, investment talks with Qatar’s emir, counterpart – Neutral
https://epaper.brecorder.com/2024/11/01/1-page/1013859-news.html

1.4pc of GDP; Q1 ends with Rs1.696trn budget balance – Neutral
https://epaper.brecorder.com/2024/11/01/1-page/1013858-news.html

Govt increases petrol price by Rs1.35, HSD’s by Rs3.85 per litre – Negative
https://www.brecorder.com/news/40330043/govt-increases-petrol-price-by-rs135-hsds-by-rs385-per-litre

Shell Pakistan to rebrand as Wafi Energy Pakistan – Neutral
https://mettisglobal.news/shell-pakistan-to-rebrand-as-wafi-energy-pakistan/

Amid rising costs: Nepra faces backlash over KE license renewal – Negative
https://www.thenews.com.pk/print/1246177-amid-rising-costs-nepra-faces-backlash-over-ke-license-renewal

HUBCO plans to install EV charging network across Pakistan – Positive
https://www.brecorder.com/news/40329973/hubco-plans-to-install-ev-charging-network-across-pakistan

EV stations for motorways approved – Positive
https://tribune.com.pk/story/2506647/ev-stations-for-motorways-approved

Conversion of power plants to coal – Neutral
https://epaper.brecorder.com/2024/11/01/1-page/1013851-news.html

Pakistan flag carrier stake sale attracts sole bid below government minimum – Neutral
https://www.reuters.com/business/aerospace-defense/real-estate-developer-places-bid-stake-pakistans-national-airline-2024-10-31/

3Q2024; Listed banks’ profitability down 1.0pc to Rs158bn YoY – Negative
https://epaper.brecorder.com/2024/11/01/3-page/1013898-news.html

Trouble in textile: Janana De Malucho shuts operations amid rising costs, cotton shortage – Negative
https://www.brecorder.com/news/40330013/trouble-in-textile-janana-de-malucho-shuts-operations-amid-rising-costs-cotton-shortage

Food Asia 2024: over $10m business deals signed – Positive
https://epaper.brecorder.com/2024/11/01/2-page/1013893-news.html

Registered persons’ data, profiles; Taxmen granted real-time access for assessment – Neutral
https://epaper.brecorder.com/2024/11/01/1-page/1013852-news.html

Release of Imran; 160 MPs say concerned at US lawmakers’ ‘intervention’
https://epaper.brecorder.com/2024/11/01/1-page/1013847-news.html

PTI to launch nationwide protests
https://tribune.com.pk/story/2506634/pti-to-launch-nationwide-protests

Oil Rallies on Report Iran Is Planning Israel Attack Via Proxies
https://www.bloomberg.com/news/articles/2024-10-31/latest-oil-market-news-and-analysis-for-november-1?srnd=homepage-uk

Asian Equities Echo US Declines as Tech Stocks Hit: Markets Wrap
https://www.bloomberg.com/news/articles/2024-10-31/stock-market-today-dow-s-p-live-updates?srnd=homepage-asia