ADB pledges $100m for multipurpose dam in Balochistan – Positive
https://www.dawn.com/news/1811000/adb-pledges-100m-for-multipurpose-dam-in-balochistan
Jul-Jan trade deficit narrows 32.66pc YoY Positive
https://epaper.brecorder.com/2024/02/03/1-page/984206-news.html
Industrial subsidies burden may be cut by 91% – Neutral
https://tribune.com.pk/story/2455397/industrial-subsidies-burden-may-be-cut-by-91
T-bills attract $19m investment in January – Neutral
https://www.dawn.com/news/1811019/t-bills-attract-19m-investment-in-january
Centre, provinces agree to deliver Rs600bn surplus – Neutral
https://www.dawn.com/news/1811249/centre-provinces-agree-to-deliver-rs600bn-surplus
Currency experts warn of exchange rate shocks in March – Neutral
https://www.dawn.com/news/1811023/currency-experts-warn-of-exchange-rate-shocks-in-march
SIFC pushes for IMF nod on Rs1.27t energy debt – Positive
https://tribune.com.pk/story/2455328/sifc-pushes-for-imf-nod-on-rs127t-energy-debt
PDL revenue on track to beat target despite lower fuel sales – Positive
https://www.thenews.com.pk/print/1154326-pdl-revenue-on-track-to-beat-target-despite-lower-fuel-sales
Jan POL products’ sales down 4.9pc to 1.38 MTs YoY – Negative
https://epaper.brecorder.com/2024/02/03/3-page/984222-news.html
Refineries policy; CCoE to approve amendments today – Neutral
https://epaper.brecorder.com/2024/02/06/3-page/984414-news.html
Govt asks refineries to maintain fuel supply to cash-strapped PSO = Neutral
https://www.thenews.com.pk/print/1153989-govt-asks-refineries-to-maintain-fuel-supply-to-cash-strapped-pso
IMF briefed about tariff, circular debt plans – Neutral
https://epaper.brecorder.com/2024/02/06/3-page/984412-news.html
All Discos sans KE; Nepra hikes tariff by Rs4.56/unit – Neutral
https://epaper.brecorder.com/2024/02/04/3-page/984286-news.html
New rebased electricity tariff for 2024-25 under IMF directives from July 1 – Neutral
https://www.thenews.com.pk/print/1154491-new-rebased-electricity-tariff-for-2024-25-under-imf-directives-from-july-1
DISCOs contribute Rs396b to debt – Negative
https://tribune.com.pk/story/2455294/discos-contribute-rs396b-to-debt
Reconciled power sector payables – Neutral
https://epaper.brecorder.com/2024/02/05/1-page/984333-news.html
Auto industry anticipates sales boost post elections – Neutral
https://tribune.com.pk/story/2455398/auto-industry-anticipates-sales-boost-post-elections
Jan cement despatches decline 14.79pc to 3.414 MTs YoY – Negative
https://epaper.brecorder.com/2024/02/03/3-page/984227-news.html
ECP bars caretaker govt from privatizing PIA – Negative
https://www.thenews.com.pk/print/1154626-briefing-to-imf-on-plans-to-cut-circular-debt-begins-today
Roosevelt Hotel JV; FASA inked with JLL-led consortium – Neutral
https://epaper.brecorder.com/2024/02/03/1-page/984204-news.html
Islamic Banking Industry Likely to Record 100% Profit Growth in 2023 – Positive
https://propakistani.pk/2024/02/05/islamic-banking-industry-likely-to-record-100-profit-growth-in-2023/
Deal inked to outsource 7 KPT births to UAE entity – Neutral
https://epaper.brecorder.com/2024/02/04/3-page/984279-news.html
Malaysia buys more rice, frozen food – Positive
https://tribune.com.pk/story/2455302/malaysia-buys-more-rice-frozen-food
Caretaker govt finalises scheme to tax retailers – Positive
https://www.thenews.com.pk/print/1153985-caretaker-govt-finalises-scheme-to-tax-retailers
Descon, IFC sign MoU – Neutral
https://www.thenews.com.pk/print/1153999-descon-ifc-sign-mou
Licence-exempt use; Designation of 6 GHz band on the cards – Neutral
https://epaper.brecorder.com/2024/02/04/8-page/984319-news.html
Pakistan’s largest biogas plant unveiled in Lahore – Neutral
https://www.nation.com.pk/04-Feb-2024/pakistan-s-largest-biogas-plant-unveiled-in-lahore
Export processing zone to be set up on PSM land – Neutral
https://tribune.com.pk/story/2455336/export-processing-zone-to-be-set-up-on-psm-land
CEOs spell out major threats to businesses – Neutral
https://epaper.brecorder.com/2024/02/05/1-page/984339-news.html
Arrangements for polls finalised: minister
https://epaper.brecorder.com/2024/02/04/3-page/984287-news.html
US think tanks assess Pakistan’s electoral landscape
https://www.dawn.com/news/1811245/us-think-tanks-assess-pakistans-electoral-landscape
Red Sea Danger Is Spurring Global Oil Buyers to Go Local
https://www.bloomberg.com/news/articles/2024-02-04/red-sea-danger-is-spurring-global-oil-buyers-to-go-local
Oil prices mostly flat as Blinken’s Middle East visit assessed
https://www.reuters.com/business/energy/oil-prices-mostly-flat-blinkens-middle-east-visit-assessed-2024-02-06/
Asia Stocks Drop as Rate-Cut Bets Ease, China Up: Markets Wrap
https://www.bloomberg.com/news/articles/2024-02-05/stock-market-today-dow-s-p-live-updates?srnd=premium-asia
Exchange Rates:
| WTI (Nymex) | 72.93 USD/bbl |
| BRENT (ICE) | 78.15 USD/bbl |
| ARAB LIGHT | 78.76 USD/bbl |
| R BAY COAL | 94.00 USD/TON |
| USDPKR | 279.41 |