News Highlight Wednesday, June 12, 2024

Economic Survey 2023-24: Aurangzeb highlights GDP contraction, urgent need for IMF programme – Neutral
https://tribune.com.pk/story/2471005/economic-survey-2023-24-to-be-announced-today-ahead-of-forthcoming-budget

World Bank projects 2.3pc GDP growth rate – Neutral
https://www.brecorder.com/news/40308046/world-bank-projects-23pc-gdp-growth-rate

Pakistan’s credit-to-GDP ratio among lowest in the region – Neutral
https://www.thenews.com.pk/print/1199441-pakistan-s-credit-to-gdp-ratio-among-lowest-in-the-region

Growth target missed: Economic Survey – Negative
https://www.brecorder.com/news/40308050/growth-target-missed-economic-survey

Rs12trn tax collection target likely – Neutral
https://www.brecorder.com/news/40308040/rs12trn-tax-collection-target-likely

Agriculture shows 6.25pc growth – Positive
https://www.thenews.com.pk/print/1199562-agriculture-shows-6-25pc-growth

Current account gap narrows – Positive
https://www.dawn.com/news/1839318/current-account-gap-narrows

Tax exemptions, zero-rating cost kitty over Rs3.87trn – Negative
https://www.brecorder.com/news/40308043/tax-exemptions-zero-rating-cost-kitty-over-rs387trn

Inflation target of 21pc will be missed – Neutral
https://www.brecorder.com/news/40308036/inflation-target-of-21pc-will-be-missed

Public debt recorded at Rs67.525trn at Mar-end – Negative
https://www.brecorder.com/news/40308038/public-debt-recorded-at-rs67525trn-at-mar-end

Rs719.59bn PL collected in Jul-Mar – Neutral
https://www.brecorder.com/news/40307994/rs71959bn-pl-collected-in-jul-mar

Economic Survey: Jul-Mar POL import bill down on lower intake – Neutral
https://www.brecorder.com/news/40307995/economic-survey-jul-mar-pol-import-bill-down-on-lower-intake

WB approves $1bn additional financing for Dasu project – Positive
https://www.thenews.com.pk/print/1199590-wb-approves-1bn-additional-financing-for-dasu-project

Installed electricity capacity stands at 42,131MW – Neutral
https://www.brecorder.com/news/40308041/installed-electricity-capacity-stands-at-42131mw

Auto sector sees recovery despite costly financing – Positive
https://www.dawn.com/news/1839319/auto-sector-sees-recovery-despite-costly-financing

Motorcycle, three-wheeler sales surge 22.2% YoY in May – Positive
https://mettisglobal.news/motorcycle-three-wheeler-sales-surge-22-2-yoy-in-may/

Car Industry Fell in A Ditch in FY24: Economic Survey – Neutral
https://propakistani.pk/2024/06/11/car-industry-fell-in-a-ditch-in-fy24-economic-survey/

Capacity utilisation of Pakistan’s cement industry drops to lowest on record – Negative
https://www.brecorder.com/news/40307938/capacity-utilisation-of-pakistans-cement-industry-drops-to-lowest-on-record

Pakistan’s ICT exports soar to $2.28bn, reveals Economic Survey 2023-24 – Positive
https://www.brecorder.com/news/40307942/pakistans-ict-exports-soar-to-228bn-reveals-economic-survey-2023-24

Economic Survey 2023-24: mobile phones dominate as Pakistan’s telecom sector imports stand at $1.62bn – Neutral
https://www.brecorder.com/news/40307931/economic-survey-2023-24-mobile-phones-dominate-as-pakistans-telecom-sector-imports-stand-at-162bn

Big industry contracts 1pc – Positive
https://www.dawn.com/news/1839316/big-industry-contracts-1pc

Kibor, secondary market yields fall after first rate cut in four years – Positive
https://www.thenews.com.pk/print/1199439-kibor-secondary-market-yields-fall-after-first-rate-cut-in-four-years

Livestock sector registers 3.9pc growth – Neutral
https://www.brecorder.com/news/40307991/livestock-sector-registers-39pc-growth

Unemployment rate stands at 6.3pc – Neutral
https://www.brecorder.com/news/40308029/unemployment-rate-stands-at-63pc

‘If it’s war, so be it’: Fazl plans to announce new strategy post-Eid
https://tribune.com.pk/story/2471050/if-its-war-so-be-it-fazl-plans-to-announce-new-strategy-post-eid

Imran green-lights talks with govt: Gohar
https://www.thenews.com.pk/print/1199506-imran-green-lights-talks-with-govt-gohar

Oil prices edge up on optimistic demand outlook
https://www.reuters.com/business/energy/oil-prices-edge-up-optimistic-demand-outlook-2024-06-12/

Asian Stocks Slide as US CPI, Fed Fuel Caution: Markets Wrap
https://www.bloomberg.com/news/articles/2024-06-11/stock-market-today-dow-s-p-live-updates?srnd=markets-vp