News Highlights Tuesday, November 05, 2024

Pakistan’s bilateral partners to continue rollovers during IMF programme: SBP governor – Positive
https://www.brecorder.com/news/40330604/pakistans-bilateral-partners-to-continue-rollovers-during-imf-programme-sbp-governor

New Extended Fund Facility: Reforms may push country away from ‘boom and bust’ cycles: IMF – Neutral
https://www.brecorder.com/news/40330626/new-extended-fund-facility-reforms-may-push-country-away-from-boom-and-bust-cycles-imf

ADB says it has 7 projects for this year, 16 for the next – Neutral
https://www.brecorder.com/news/40330711/adb-says-it-has-7-projects-for-this-year-16-for-the-next

SBP cuts key policy rate by 250bps to 15pc – Positive
https://www.dawn.com/news/1869776/sbp-cuts-key-policy-rate-by-250bps-to-15pc

Interest rate cut to result in Rs1.3tr saving this fiscal: SBP governor – Positive
https://www.thenews.com.pk/print/1247541-interest-rate-cut-to-result-in-rs1-3tr-saving-this-fiscal-sbp-governor

Record remittances expected as SBP projects October inflows to surpass $3 billion – Positive
https://profit.pakistantoday.com.pk/2024/11/05/record-remittances-expected-as-sbp-projects-october-inflows-to-surpass-3-billion/

PPL secures 10-year lease for Sui gas field – Positive
https://www.brecorder.com/news/40330705/ppl-secures-10-year-lease-for-sui-gas-field

Uniform gas pricing for all consumer categories on the cards – Negative
https://www.thenews.com.pk/print/1247555-uniform-gas-pricing-for-all-consumer-categories-on-the-cards

Circular debt to hit Rs2.43tr next year – Negative
https://tribune.com.pk/story/2507469/circular-debt-to-hit-rs243tr-next-year

Cement exports surge over 50pc in October as local demand stagnates – Positive
https://www.thenews.com.pk/print/1247341-cement-exports-surge-over-50pc-in-october-as-local-demand-stagnates

Talk of Punjab govt planning to buy PIA ‘incorrect’, says Azma – Negative
https://www.dawn.com/news/1869800/talk-of-punjab-govt-planning-to-buy-pia-incorrect-says-azma

Addition of 4 more PSX firms likely: MSCI to announce Nov Index review tomorrow – Neutral
https://www.brecorder.com/news/40330703/addition-of-4-more-psx-firms-likely-msci-to-announce-nov-index-review-tomorrow

Pakistan’s chemical maker Ghani to establish LPG storage facility in Punjab – Positive
https://www.brecorder.com/news/40330593/pakistans-chemical-maker-ghani-to-establish-lpg-storage-facility-in-punjab

InfraZamin Pakistan and Sunridge Foods ink deal for agri-infrastructure Sukuk – Posistive
https://www.thenews.com.pk/print/1247354-infrazamin-pakistan-and-sunridge-foods-ink-deal-for-agri-infrastructure-sukuk

Services chiefs to stay for 5 years, SC to have 34 judges
https://www.thenews.com.pk/print/1247543-services-chiefs-to-stay-for-5-years-sc-to-have-34-judges

JI moves SC against 26th Amendment
https://www.brecorder.com/news/40330670/ji-moves-sc-against-26th-amendment

Oil edges down ahead of US election, China NPC meeting
https://www.reuters.com/markets/commodities/oil-edges-down-ahead-us-election-china-npc-meeting-2024-11-05/

Asian Stocks Climb on China Boost, Dollar Steady: Markets Wrap
https://www.bloomberg.com/news/articles/2024-11-04/stock-market-today-dow-s-p-live-updates?srnd=phx-markets