News Highlight Friday, April 19, 2024

IMF says ready to support, stresses need for reform – Positive
https://www.brecorder.com/news/40299301/imf-says-ready-to-support-stresses-need-for-reform

Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal – Positive
https://www.bloomberg.com/news/articles/2024-04-18/saudi-arabia-moves-closer-to-1-billion-barrick-pakistan-deal?srnd=markets-vp

Saudi business tycoons due shortly: PM – Neutral
https://epaper.brecorder.com/2024/04/19/1-page/990830-news.html

Global investors apprised about upward forex trend – Neutral
https://epaper.brecorder.com/2024/04/19/1-page/990834-news.html

SBP’s reserves up $14.4m to $8.055bn – Positive
https://epaper.brecorder.com/2024/04/19/1-page/990833-news.html

MPCL successfully drills, tests 3rd appraisal well in Ghazij – Positive
https://epaper.brecorder.com/2024/04/19/5-page/990853-news.html

E&P firms threaten to suspend oil, gas production operations – Negative
https://www.thenews.com.pk/print/1179996-e-p-firms-threaten-to-suspend-oil-gas-production-operations

Jul-Mar petroleum group imports dip 7.63pc – Positive
https://www.brecorder.com/news/40299262/jul-mar-petroleum-group-imports-dip-763pc

FBR revises upward value of supply of CNG to consumers – Negative
https://epaper.brecorder.com/2024/04/19/12-page/990895-news.html

Pakistan’s power generation falls over 8% year-on-year – Negative
https://www.brecorder.com/news/40299147/pakistans-power-generation-falls-over-8-year-on-year

Auto financing keeps plunging – Negative
https://www.dawn.com/news/1828267/auto-financing-keeps-plunging

Foreign investors inject $23m into PSX, highest daily inflow since 2017 – Positive
https://mettisglobal.news/foreign-investors-inject-23m-into-psx-highest-daily-inflow-since-2017/

Textile exports see fourth straight monthly surge in March – Neutral
https://www.thenews.com.pk/print/1179814-textile-exports-see-fourth-straight-monthly-surge-in-march

Data shows first-ever fall in cellular users – Negative
https://www.dawn.com/news/1828270/data-shows-first-ever-fall-in-cellular-users

Dar hints at resumption of Pakistan-India trade ties? – Neutral
https://epaper.brecorder.com/2024/04/19/12-page/990901-news.html

JI chief announces nationwide anti-govt protest movement
https://www.brecorder.com/news/40299261/ji-chief-announces-nationwide-anti-govt-protest-movement

Six-party alliance to meet on 29th under SIC leadership
https://www.thenews.com.pk/print/1179993-six-party-alliance-to-meet-on-29th-under-sic-leadership

West sanctions Iran drones over attack
https://epaper.brecorder.com/2024/04/19/1-page/990826-news.html

Oil Surges on Concerns of Escalating Conflict in the Middle East
https://www.bloomberg.com/news/articles/2024-04-18/latest-oil-market-news-and-analysis-for-april-19?srnd=homepage-asia