Pakistan, Kuwait to set up $1b fund – Positive
https://tribune.com.pk/story/2453786/pakistan-kuwait-to-set-up-1b-fund
Pakistan secures $56.9 million FDI from China in December – Positive
https://www.nation.com.pk/21-Jan-2024/pakistan-secures-dollar-56-9-million-fdi-from-china-in-december
KSA yet to respond to deferred oil payment request – Neutral
https://epaper.brecorder.com/2024/01/22/1-page/983077-news.html
Trade settlement in Chinese RMB soars 600pc – Neutral
https://epaper.brecorder.com/2024/01/20/1-page/982951-news.html
Country report: IMF expresses satisfaction over Pakistan’s SBA performance – Neutral
https://www.brecorder.com/news/40284785
Second review; IMF urged to reschedule access date to Mar 15 in LoI – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983019-news.html
New structural benchmarks set by IMF – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983015-news.html
IMF cuts Pakistan’s FY24 growth forecast to 2pc – Neutral
https://www.nation.com.pk/21-Jan-2024/imf-cuts-pakistan-s-fy24-growth-forecast-to-2pc
More policy rate hike likely if price pressures reemerge, IMF told – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983023-news.html\
Modest increase in FDI flows possible this year: UN – Neutral
https://www.dawn.com/news/1807474/modest-increase-in-fdi-flows-possible-this-year-un
Debt sustainability; Elevated gross financing needs constitute high risk: IMF – Neutral
https://epaper.brecorder.com/2024/01/21/8-page/983071-news.html
Pre-election tensions may weigh on policy decisions: IMF – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983014-news.html
External financing needs; IMF lowers projection to 7.1pc of GDP – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983016-news.html
IMF revises deficit upward to 7.7pc of GDP – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983017-news.html
IMF assured of building reserves, free floating exchange rate – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983021-news.html
More taxes to be levied if revenue less than Rs9.4tr, Pakistan tells IMF – Negative
https://www.thenews.com.pk/print/1149962-more-taxes-to-be-levied-if-revenue-less-than-rs9-4tr-pakistan-tells-imf
Pakistan faced worst economic crisis in 2023, says Human Rights Watch – Neutral
https://www.dawn.com/news/1807228/pakistan-faced-worst-economic-crisis-in-2023-says-human-rights-watch
Weekly SPI inflation jumps 44.64pc YoY – Negative
https://epaper.brecorder.com/2024/01/20/1-page/982942-news.html
Govt to persuade KSA, Sinopec to materialise $10bn green refinery project – Neutral
https://www.thenews.com.pk/print/1150243-govt-to-persuade-ksa-sinopec-to-materialise-10bn-green-refinery-project
Mari Ghazij; MPCL announces successful drilling of another appraisal well – Positive
https://epaper.brecorder.com/2024/01/20/5-page/982978-news.html
IMF asks for another hike in gas prices – Negative
https://epaper.brecorder.com/2024/01/21/1-page/983020-news.html
Budgetary target surpassed; Pakistan projects PL collection of Rs918bn: IMF report – Neutral
https://epaper.brecorder.com/2024/01/21/8-page/983066-news.html
Jul-Dec: Petroleum group imports down 13.78pc YoY – Neutral
https://epaper.brecorder.com/2024/01/20/10-page/983002-news.html
Oil association opposes govt’s decision to grant PSO sole diesel import rights – Neutral
https://www.thenews.com.pk/print/1149483-oil-association-opposes-govt-s-decision-to-grant-pso-sole-diesel-import-rights
Nepra renews distribution and supplier licence to KE – Positive
https://epaper.brecorder.com/2024/01/20/1-page/982948-news.html
Power tariff; Timely adjustments critical to energy sector viability: IMF – Neutral
https://epaper.brecorder.com/2024/01/21/1-page/983007-news.html
Automobile loans contract for 18th straight month – Neutral
https://www.dawn.com/news/1807260/automobile-loans-contract-for-18th-straight-month
New fixed IT scheme for retailers on the cards – Neutral
https://epaper.brecorder.com/2024/01/22/1-page/983080-news.html
IT remittances set to surge 20-25% by year-end – Positive
https://tribune.com.pk/story/2453920/it-remittances-set-to-surge-20-25-by-year-end
Food exports surge 112pc in December – Neutral
https://www.dawn.com/news/1807477/food-exports-surge-112pc-in-december
Pakistan’s rice exports surge by over 76.5% in first six months – Positive
https://profit.pakistantoday.com.pk/2024/01/20/pakistans-rice-exports-surge-by-over-76-5-in-first-six-months/
Textile group; H1FY24 exports down 4.97pc to $8.283bn YoY – Negative
https://epaper.brecorder.com/2024/01/20/1-page/982950-news.html
Emaar, CCL Pharma and other companies exploring IPO option – Neutral
https://epaper.brecorder.com/2024/01/21/3-page/983036-news.html
SIFC orders tax audit of urea cos – Neutral
https://epaper.brecorder.com/2024/01/22/1-page/983081-news.html
Industries ramp up imports of plants, machinery – Positive
https://tribune.com.pk/story/2453789/industries-ramp-up-imports-of-plants-machinery
Shippers refuse to accept KPT as regulator – Neutral
https://www.dawn.com/news/1807479/shippers-refuse-to-accept-kpt-as-regulator
Govt plans to launch digital rewards – Positive
https://tribune.com.pk/story/2453927/govt-plans-to-launch-digital-rewards
Sindh’s share in cotton production jumps over 50pc – Positive
https://www.nation.com.pk/19-Jan-2024/sindh-s-share-in-cotton-production-jumps-over-50pc
Sindh govt signs accord for corporate farming over 52,000 acres – Neutral
https://www.thenews.com.pk/print/1149489-sindh-govt-signs-accord-for-corporate-farming-over-52-000-acres
ECP starts process of issuing notices, fines against candidates
https://epaper.brecorder.com/2024/01/22/3-page/983099-news.html
Pakistan, Iran agree to end stand-off
https://epaper.brecorder.com/2024/01/20/1-page/982944-news.html
Asian Stocks Rise After S&P 500 Climbs to Record: Markets Wrap
https://www.bloomberg.com/news/articles/2024-01-21/asian-stocks-to-climb-after-s-p-500-hits-record-markets-wrap
Oil extends losses as economic headwinds weigh on demand outlook
https://www.reuters.com/markets/commodities/oil-extends-losses-economic-headwinds-weigh-demand-outlook-2024-01-22/
Exchange Rates:
| WTI (Nymex) | 73.39 USD/bbl |
| BRENT (ICE) | 78.23 USD/bbl |
| ARAB LIGHT | 79.38 USD/bbl |
| R BAY COAL | 95.40 USD/TON |
| USDPKR | 279.90 |