News Highlight Friday, January 26, 2024

Pakistan to boost state insurer’s capital to meet UAE rules – Neutral
https://www.thenews.com.pk/print/1151309-pakistan-to-boost-state-insurer-s-capital-to-meet-uae-rules

SBP reserves increase $243mn to reach over 6-month high of $8.27bn – Positive
https://www.brecorder.com/news/40285689/sbp-reserves-increase-243mn-to-reach-over-6-month-high-of-827bn

KIBOR hits one-year bottom as market anticipates rate cuts – Positive
https://www.thenews.com.pk/print/1151306-kibor-hits-one-year-bottom-as-market-anticipates-rate-cuts

NEC meeting becomes controversial even before its convening – Neutral
https://www.thenews.com.pk/print/1151422-nec-meeting-becomes-controversial-even-before-its-convening

Rupee holds firm as inflows offset import demand – Neutral
https://www.thenews.com.pk/print/1151308-rupee-holds-firm-as-inflows-offset-import-demand

Cabinet body set to okay brownfield refinery policy with tweaks – Neutral
https://www.thenews.com.pk/print/1151423-cabinet-body-set-to-okay-brownfield-refinery-policy-with-tweaks

PM urges Al-Jomaih Group to invest in alternative energy – Neutral
https://www.brecorder.com/news/40285798/pm-urges-al-jomaih-group-to-invest-in-alternative-energy

Pakistan to share circular debt plan with IMF today – Neutral
https://www.thenews.com.pk/print/1151426-pakistan-to-share-circular-debt-plan-with-imf-today

CCoE meets today to negotiate with baggasse power plants – Neutral
https://epaper.brecorder.com/2024/01/26/1-page/983450-news.html

13 out of 15 ‘important targets’ achieved: MoITT – Positive
https://epaper.brecorder.com/2024/01/26/14-page/983543-news.html

Investment roadmap of PIACL – Neutral
https://epaper.brecorder.com/2024/01/26/1-page/983455-news.html

Brazil gets green light to export live cattle to Pakistan – Neutral
https://www.thenews.com.pk/print/1151312-brazil-gets-green-light-to-export-live-cattle-to-pakistan

FBR plans tax scheme for retail sector – Neutral
https://www.dawn.com/news/1808455/fbr-plans-tax-scheme-for-retail-sector

Gold price per tola decreases Rs1,400 in Pakistan – Neutral
https://www.brecorder.com/news/40285675/gold-price-per-tola-decreases-rs1400-in-pakistan

All elections held from 1947 to-date stolen: Shahid Khaqan
https://www.thenews.com.pk/print/1151443-all-elections-held-from-1947-to-date-stolen-shahid-khaqan

Pakistan asks UN to protect Muslim sites in India
https://www.dawn.com/news/1808679/pakistan-asks-un-to-protect-muslim-sites-in-india

Asian Stocks Drop After Six-Day Streak of Gains: Markets Wrap
https://www.bloomberg.com/news/articles/2024-01-25/stock-market-today-dow-s-p-live-updates

Oil jumps, settles up 3% on strong US economy, Red Sea tensions
https://www.reuters.com/markets/commodities/oil-prices-rise-big-draw-us-crude-stocks-china-stimulus-hopes-2024-01-25/

Exchange Rates:

WTI (Nymex)77.05 USD/bbl
BRENT (ICE)82.27 USD/bbl
ARAB LIGHT81.14 USD/bbl
R BAY COAL95.15 USD/TON
USDPKR279.67