News Highlight Wednesday, May 22, 2024

Revenue gap – Neutral
https://www.thenews.com.pk/print/1191663-revenue-gap

FY23-24: NAC approves 2.38pc GDP provisional growth – Neutral
https://epaper.brecorder.com/2024/05/22/1-page/993565-news.html

$171m RDA inflows received in April: SBP – Negative
https://epaper.brecorder.com/2024/05/22/1-page/993558-news.html

Federal Budget: PM pledges more facilities for investors – Neutral
https://www.brecorder.com/news/40304651/federal-budget-pm-pledges-more-facilities-for-investors

Ogra orders 10pc cut in gas rates from July 1 – Positive
https://www.dawn.com/news/1834961/ogra-orders-10pc-cut-in-gas-rates-from-july-1

Rs84bn payments to PSO; SNGPL sends SOS to PD – Neutral
https://epaper.brecorder.com/2024/05/22/12-page/993643-news.html

PRL in talks with Chinese contractors, banks for $1.5bn refinery upgrade project – Positive
https://www.thenews.com.pk/print/1191658-prl-in-talks-with-chinese-contractors-banks-for-1-5bn-refinery-upgrade-project

CCP approves product supply agreement between Aramco, GO Petroleum – Neutral
https://epaper.brecorder.com/2024/05/22/1-page/993562-news.html

Power sector debt surges 14pc to Rs2.635tr in 7 months – Negative
https://www.thenews.com.pk/print/1191655-power-sector-debt-surges-14pc-to-rs2-635tr-in-7-months

Electricity generation drops 13.87 percent to 8,639 GWh in April – Negative
https://www.thenews.com.pk/print/1191661-electricity-generation-drops-13-87-percent-to-8-639-gwh-in-april

Banks invest record Rs7.6tr in risk-free govt papers – Neutral
https://www.dawn.com/news/1834794/banks-invest-record-rs76tr-in-risk-free-govt-papers

IT exports: Practical steps should be taken on priority basis: PM – Neutral
https://www.brecorder.com/news/40304627/it-exports-practical-steps-should-be-taken-on-priority-basis-pm

Share of illicit cigarettes now 63.5pc: NUST report – Negative
https://www.thenews.com.pk/print/1191806-share-of-illicit-cigarettes-now-63-5pc-nust-report

Pak, Indian drug regulatory authorities not on WHO list – Neutral
https://www.thenews.com.pk/print/1191465-pak-indian-drug-regulatory-authorities-not-on-who-list

Pemra bans airing material about ‘ongoing court cases’
https://www.brecorder.com/news/40304638/pemra-bans-airing-material-about-ongoing-court-cases

NA moved to bar dual nationals from becoming judge
https://www.thenews.com.pk/print/1191832-na-moved-to-bar-dual-nationals-from-becoming-judge

Oil falls 1% on sticky US inflation, dampened geopolitical risk premium
https://www.reuters.com/business/energy/oil-prices-fall-fear-high-us-interest-rates-depressing-demand-2024-05-21/Asian Stocks Wobble as Traders Eye Nvidia Results: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-21/stock-market-today-dow-s-p-live-updates?srnd=markets-vp