News Highlight Monday, March 11, 2024

IMF says it received PTI letter, looks forward to engaging with new govt – Neutral
https://www.thenews.com.pk/print/1166112-imf-tells-imran-domestic-politics-not-its-cup-of-tea

Sovereign dollar rally to two-year high – Positive
https://epaper.brecorder.com/2024/03/09/1-page/987270-news.html

Floods, heat stress expand rural income gap by $21bn: FAO – Neutral
https://www.dawn.com/news/1820448/floods-heat-stress-expand-rural-income-gap-by-21bn-fao

Rupee cover of Rs9.99bn sought for utilising foreign aid – Neutral
https://epaper.brecorder.com/2024/03/10/1-page/987326-news.html

Bilateral cooperation: CCP starts negotiations with FAS – Neutral
https://www.brecorder.com/news/40292865/bilateral-cooperation-ccp-starts-negotiations-with-fas

Remittances up ahead of Ramazan – Positive
https://tribune.com.pk/story/2458826/remittances-up-ahead-of-ramazan

Govt gets room to ‘manage’ exchange rate as IMF looks the other way – Neutral
https://www.dawn.com/news/1820456/govt-gets-room-to-manage-exchange-rate-as-imf-looks-the-other-way

Govt mulls help to expand tax base – Neutral
https://tribune.com.pk/story/2458916/govt-mulls-help-to-expand-tax-base

Cnergyico likely to ink plant upgrade deal soon – Neutral
https://tribune.com.pk/story/2458914/cnergyico-likely-to-ink-plant-upgrade-deal-soon

Rs160bn FBR notice lands SNGPL in hot water – Neutral
https://epaper.brecorder.com/2024/03/09/1-page/987268-news.html

Govt asks SSGC, SNGPL to arrange financing for LNG imports – Negative
https://www.thenews.com.pk/print/1166863-govt-asks-ssgc-sngpl-to-arrange-financing-for-lng-imports

Ogra watches helplessly as LPG prices soar ahead of Ramazan – Negative
https://www.dawn.com/news/1820418/ogra-watches-helplessly-as-lpg-prices-soar-ahead-of-ramazan

Developing green hydrogen: action plan, policy on the cards – Positive
https://epaper.brecorder.com/2024/03/10/1-page/987337-news.html

Fuel supply on exclusive basis to 3 IPPs; CCP rejects PSO’s exemption extension request – Neutral
https://epaper.brecorder.com/2024/03/09/8-page/987320-news.html

Renewable energy plants to be set up by public sector oil companies – Neutral
https://epaper.brecorder.com/2024/03/11/1-page/987394-news.html

500MW solar system projects; Chinese firm, My Energy collaborate – Neutral
https://epaper.brecorder.com/2024/03/11/11-page/987469-news.html

Invoice price more than Rs4m; FBR slaps 25pc ST on ‘local’ vehicles – Neutral
https://epaper.brecorder.com/2024/03/09/1-page/987267-news.html

Construction of 250,000 houses; CM seeks $400m from ADB – Neutral
https://epaper.brecorder.com/2024/03/09/5-page/987304-news.html

CCP approves 100pc acquisition in insurance sector Neutral
https://www.thenews.com.pk/print/1166188-ccp-approves-100pc-acquisition-in-insurance-sector

Plastic material export increases 53.79pc to $215 million in 7 months – Positive
https://www.nation.com.pk/10-Mar-2024/plastic-material-export-increases-53-79pc-to-dollar-215-million-in-7-months

Legal issues hinder projects’ transfer – Neutral
https://tribune.com.pk/story/2458907/legal-issues-hinder-projects-transfer

Cabinet oath-taking today
https://www.thenews.com.pk/print/1166852-cabinet-oath-taking-today

Govt may abolish caretaker setup in future
https://www.thenews.com.pk/print/1166151-govt-may-abolish-caretaker-setup-in-future

Shamshad likely to be inducted into cabinet as SAPM on finance
https://www.thenews.com.pk/print/1166550-shamshad-likely-to-be-inducted-into-cabinet-as-sapm-on-finance

Ramazan begins in Saudi Arabia, UAE today
https://epaper.brecorder.com/2024/03/11/12-page/987473-news.html

Oil Extends Drop as Investors Look Ahead to US Inflation Print
https://www.bloomberg.com/news/articles/2024-03-10/latest-oil-market-news-and-analysis-for-march-11