News Highlight Monday, February 26, 2024

Govt says IMF conditions for $1.2b tranche met – Positive
https://tribune.com.pk/story/2457523/govt-says-imf-conditions-for-12b-tranche-met

IMF, debt and inflation challenge Pakistan’s new coalition government – Neutral
https://www.thenews.com.pk/print/1160790-imf-debt-and-inflation-challenge-pakistan-s-new-coalition-government

CCP approves three KSA-based mergers with stake in Pakistan’s steel sector – Neutral
https://www.app.com.pk/business/ccp-approves-three-ksa-based-mergers-with-stake-in-pakistans-steel-sector/

Commerce Minister’s Saudi Arabia visit strengthens bilateral ties – Neutral
https://www.app.com.pk/business/commerce-ministers-saudi-arabia-visit-strengthens-bilateral-ties/

Jul-Jan borrowing stands at $6.3bn – Neutral
https://epaper.brecorder.com/2024/02/24/1-page/986031-news.html

Equities, T-bills attract $98m in January – Neutral
https://www.dawn.com/news/1816885/equities-t-bills-attract-98m-in-january

Jewellery sector; ECC forms body to prepare viable plan – Neutral
https://epaper.brecorder.com/2024/02/26/1-page/986159-news.html

1H: Provincial PSDP spending rises 19pc YoY – Neutral
https://epaper.brecorder.com/2024/02/24/1-page/986025-news.html

IP gas pipeline project; CCoE decides to start work on first phase – Positive
https://epaper.brecorder.com/2024/02/24/1-page/986024-news.html

Amended oil refinery policy notified – Positive
https://epaper.brecorder.com/2024/02/25/1-page/986108-news.html

Gulf Oil enters Pakistan market with OTO partnership – Neutral
https://www.thenews.com.pk/print/1161230-gulf-oil-enters-pakistan-market-with-oto-partnership

Cnergyico eyes $1 billion refinery overhaul, negotiates to end Rs47.5 billion levy row – Neutral
https://www.thenews.com.pk/print/1160795-cnergyico-eyes-1-billion-refinery-overhaul-negotiates-to-end-rs47-5-billion-levy-row

Dues to Chinese IPPs hit record $1.8b – Negative
https://tribune.com.pk/story/2457399/dues-to-chinese-ipps-hit-record-18b

Jamshoro Power Plant faces technical, environmental hurdles in coal switch: experts – Neutral
https://www.thenews.com.pk/print/1161229-jamshoro-power-plant-faces-technical-environmental-hurdles-in-coal-switch-experts

Jhimpir wind project; SIFC asks Nepra, PPIB to resolve issues – Neutral
https://epaper.brecorder.com/2024/02/26/1-page/986160-news.html

Probe into Rs7.13 FCA hike ordered – Neutral
https://www.dawn.com/news/1816686/probe-into-rs713-fca-hike-ordered

Sazgar-GWM launch ORA 3 EV in Pakistan – Neutral
https://tribune.com.pk/story/2457316/sazgar-gwm-launch-ora-3-ev-in-pakistan

New imported vehicles: IPO amended – Neutral
https://epaper.brecorder.com/2024/02/26/1-page/986162-news.html

Auto financing dips despite surging sales in January – Neutral
https://www.dawn.com/news/1816681/auto-financing-dips-despite-surging-sales-in-january

SBP eases rules for exporters to use foreign currency accounts – Positive
https://www.thenews.com.pk/print/1161232-sbp-eases-rules-for-exporters-to-use-foreign-currency-accounts

Caretakers likely to amend Banking Companies Ordinance – Neutral
https://epaper.brecorder.com/2024/02/25/1-page/986109-news.html

Chemical sector seeks to boost exports, cut imports – Neutral
https://www.thenews.com.pk/print/1160796-chemical-sector-seeks-to-boost-exports-cut-imports

Increase in stevedoring charges worries importers, exporters – Neutral
https://www.dawn.com/news/1816884/increase-in-stevedoring-charges-worries-importers-exporters

2.27m cellphones made/assembled locally in Jan – Positive
https://epaper.brecorder.com/2024/02/25/8-page/986147-news.html

Answer to question about IK’s letter; IMF says won’t comment on developments
https://epaper.brecorder.com/2024/02/24/1-page/986030-news.html

ECP plans presidential polls on March 9
https://www.thenews.com.pk/print/1161350-ecp-plans-presidential-polls-on-march-9

Oil Holds Decline After Prices Retreat Below Key Moving Average
https://www.bloomberg.com/news/articles/2024-02-25/latest-oil-market-news-and-analysis-for-feb-26?srnd=premium-asia

Asia Stocks Eye Mixed Open After US Rally Stalls: Markets Wrap
https://www.bloomberg.com/news/articles/2024-02-25/asia-stocks-eye-mixed-open-after-us-rally-stalls-markets-wrap?srnd=premium-asia