News Highlight Friday, May 17, 2024

Borrowings, mark-up payments; Policy rate hike pushed up FY23 cost – Negative
https://epaper.brecorder.com/2024/05/17/1-page/993175-news.html

Secondary market yields drop, Kibor falls as investors bet on rate cut – Neutral
https://www.thenews.com.pk/print/1189797-secondary-market-yields-drop-kibor-falls-as-investors-bet-on-rate-cut

Budget: APCPC demands govt consult business community – Neutral
https://epaper.brecorder.com/2024/05/17/12-page/993242-news.html

Govt plans to end exemptions, tax tribal areas – Neutral
https://www.dawn.com/news/1833966/govt-plans-to-end-exemptions-tax-tribal-areas

Public debt soars to Rs39.7trn, NA told – Negative
https://epaper.brecorder.com/2024/05/17/1-page/993179-news.html

Forex reserves increase by $15m – Neutral
https://epaper.brecorder.com/2024/05/17/12-page/993241-news.html

Exchange rate adjustment; Ogra endorses PSO’s claim – Positive
https://epaper.brecorder.com/2024/05/17/1-page/993172-news.html

Petroleum leases, licences; Ex-SAPM’s order cost exchequer Rs1.2bn: AGP – Negative
https://epaper.brecorder.com/2024/05/17/12-page/993247-news.html

Pakistan plans to get tenor of $15.36bn Chinese IPPs debt extended – Neutral
https://www.thenews.com.pk/print/1189901-pakistan-plans-to-get-tenor-of-1536bn-chinese-ipps-debt-extended

Govt intends to convert 3 imported coal-run power plants to Thar coal – Neutral
https://epaper.brecorder.com/2024/05/17/1-page/993171-news.html

147MW Patrind hydropower project: Korean firm wins case against NTDC in London court of arbitration – Negative
https://www.thenews.com.pk/print/1189988-147mw-patrind-hydropower-project-korean-firm-wins-case-against-ntdc-in-london-court-of-arbitration

PIA privatisation: deadline for EoI submission not expected to be extended further – Neutral
https://www.brecorder.com/news/40303780/pia-privatisation-deadline-for-eoi-submission-not-expected-to-be-extended-further

Textiles’ export growth slows in April – Neutral
https://www.dawn.com/news/1833968/textiles-export-growth-slows-in-april

Immovable properties; Hike in advance tax on purchase likely – Neutral
https://epaper.brecorder.com/2024/05/17/1-page/993176-news.html

Proposed social media regulatory authority: Govt decides to consult stakeholders
https://www.thenews.com.pk/print/1189984-proposed-social-media-regulatory-authority-govt-decides-to-consult-stakeholders

Oil set for weekly gain on signs of improving demand
https://www.reuters.com/business/energy/oil-set-weekly-gain-signs-improving-demand-2024-05-17/

Asian stocks ease on uncertainty over timing of U.S. rate cuts
https://www.reuters.com/markets/global-markets-wrapup-1pix-2024-05-17/