News Highlight Tuesday, May 14, 2024

Govt, IMF team start discussions – Positive
https://epaper.brecorder.com/2024/05/14/1-page/992882-news.html

Citi expects $8bn IMF deal by July – Neutral
https://epaper.brecorder.com/2024/05/14/1-page/992881-news.html

Annual tax compliance gap is massive Rs7tr in Pakistan: IMF – Neutral
https://www.thenews.com.pk/print/1188784-annual-tax-compliance-gap-is-massive-rs7tr-in-pakistan-imf

Finance Div earmarks Rs573.9m provisional IBCs for FY24-25 – Neutral
https://epaper.brecorder.com/2024/05/14/1-page/992884-news.html

NA budget session to commence on June 6 – Neutral
https://epaper.brecorder.com/2024/05/14/12-page/992971-news.html

Significant decline in prices of petrol, HSD likely – Neutral
https://epaper.brecorder.com/2024/05/14/12-page/992975-news.html

OGRA directs oil companies to step up diesel uplift to meet surging demand – Neutral
https://www.thenews.com.pk/print/1188680-ogra-directs-oil-companies-to-step-up-diesel-uplift-to-meet-surging-demand

Foreign firm announces plans to inject 200MW solar energy into grid – Positive
https://www.nation.com.pk/14-May-2024/foreign-firm-announces-plans-to-inject-200mw-solar-energy-into-grid

Car sales in Pakistan surge 12% MoM in April – Positive
https://www.brecorder.com/news/40303203/car-sales-in-pakistan-surge-12-mom-in-april

Urea fertilizer; MoF refuses to extend subsidy due to financial snags – Neutral
https://epaper.brecorder.com/2024/05/14/1-page/992883-news.html

Service Long March Tyres commits investment of around $108mn to double capacity in Pakistan – Positive
https://www.brecorder.com/news/40303178/service-long-march-tyres-commits-investment-of-around-108mn-to-double-capacity-in-pakistan

Influential sugar industry plans five-fold increase in bagasse price – Neutral
https://www.dawn.com/news/1833383/influential-sugar-industry-plans-five-fold-increase-in-bagasse-price

Telcos assure Aurangzeb; 5,000 SIM cards of non-filers will be blocked daily – Negative
https://epaper.brecorder.com/2024/05/14/1-page/992879-news.html

Pakistan, Turkiye agree to increase trade volumes to $5bn – Neutral
https://epaper.brecorder.com/2024/05/14/3-page/992902-news.html

Flour prices decreasing, easing burden on consumers – Positive
https://www.nation.com.pk/14-May-2024/flour-prices-decreasing-easing-burden-on-consumers

PPP Wants Bhutto’s Image on Rupee Notes – Neutral
https://propakistani.pk/2024/05/13/ppp-wants-bhuttos-image-on-rupee-notes/

NA, Punjab PA: ruling coalition loses two-third majorities
https://epaper.brecorder.com/2024/05/14/1-page/992885-news.html

Shehbaz resigns as PML-N president
https://epaper.brecorder.com/2024/05/14/12-page/992976-news.html

Oil prices tick up on tighter supply outlook
https://www.reuters.com/markets/commodities/oil-prices-tick-up-tighter-supply-outlook-2024-05-14/

Hong Kong Stocks Rise Before Earnings, Asia Muted: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-13/stock-market-today-dow-s-p-live-updates?srnd=markets-vp