News Highlight Friday, June 21, 2024

Finance Bill 2024; Wealth Statement now in sharp focus – Neutral
https://epaper.brecorder.com/2024/06/21/1-page/996254-news.html

Forex reserves up $30.8m to $14.415bn: SBP – Neutral
https://epaper.brecorder.com/2024/06/21/12-page/996404-news.html

Developing an electricity market; ADB wing rates TA as successful and relevant – Neutral
https://epaper.brecorder.com/2024/06/21/12-page/996406-news.html

Nepra imposes fixed charges of Rs200-1,000 a month on domestic consumers from July 1 – Negative
https://www.thenews.com.pk/print/1202022-nepra-imposes-fixed-charges-of-rs200-1-000-a-month-on-domestic-consumers-from-july-1

Power generation in Pakistan improves, cost declines 10% YoY in May – Positive
https://www.brecorder.com/news/40309050/power-generation-in-pakistan-improves-cost-declines-10-yoy-in-may

Discos seek approval for additional Rs3.4 per unit charge – Neutral
https://www.thenews.com.pk/print/1201904-discos-seek-approval-for-additional-rs3-4-per-unit-charge

E-vehicles, telecom sector; FBR vows to review omission of incentives – Neutral
https://epaper.brecorder.com/2024/06/21/1-page/996257-news.html

Millat Global Holdings withdraws acquisition offer for Hascol Petroleum – Neutral
https://profit.pakistantoday.com.pk/2024/06/20/millat-global-holdings-withdraws-acquisition-offer-for-hascol-petroleum/

Third-party audit of fertilizer companies ordered – Neutral
https://epaper.brecorder.com/2024/06/21/1-page/996258-news.html

Engro Fertilizers completes maintenance, resumes EnVen plant operations – Positive
https://mettisglobal.news/engro-fertilizers-completes-maintenance-resumes-enven-plant-operations/

Siddiqsons Tin Plate to cut workforce amid economic downturn – Negative
https://mettisglobal.news/siddiqsons-tin-plate-to-cut-workforce-amid-economic-downturn/

Mondelez to invest $5 million to enhance localization in Pakistan – Neutral
https://www.thenews.com.pk/print/1201540-mondelez-to-invest-5-million-to-enhance-localization-in-pakistan

Miftah announces launching date of Abbasi-led new party
https://www.thenews.com.pk/latest/1201877-miftah-announces-launching-date-of-abbasi-led-new-party

Reservations will be fully addressed, PM tells Bilawal
https://epaper.brecorder.com/2024/06/21/1-page/996255-news.html

Asian Stocks Fall as US Tech Weighs, Yen in Focus: Markets Wrap
https://www.bloomberg.com/news/articles/2024-06-20/stock-market-today-dow-s-p-live-updates?srnd=markets-vp

Oil prices slip as rate hike worries come into focus
https://www.reuters.com/business/energy/oil-prices-slip-rate-hike-worries-come-into-focus-2024-06-21/