News Highlight Wednesday, May 29, 2024

Beijing asks Islamabad to launch another ‘Zarb-e-Azb’ – Neutral
https://epaper.brecorder.com/2024/05/29/1-page/994122-news.html

PM for preparing new cooperation projects with China – Neutral
https://epaper.brecorder.com/2024/05/29/12-page/994209-news.html

IMF forecasts Pakistan’s trade deficit to reach $27bn next fiscal year – Neutral
https://profit.pakistantoday.com.pk/2024/05/28/imf-forecasts-pakistans-trade-deficit-to-reach-27bn-next-fiscal-year/

Foreign investors; Jul-Apr profit repatriation up 250pc – Neutral
https://epaper.brecorder.com/2024/05/28/1-page/994050-news.html

Rs1.2tr set to be allocated for PSDP – Neutral
https://www.thenews.com.pk/print/1194119-rs1-2tr-set-to-be-allocated-for-psdp

FBR plans to collect Rs1.296trn thru duties – Neutral
https://epaper.brecorder.com/2024/05/29/1-page/994117-news.html

Oil, gas sector irregularities unearthed – Neutral
https://tribune.com.pk/story/2468645/oil-gas-sector-irregularities-unearthed

‘NAB ends probes’; NCPL demands PD pay Rs8.35bn withheld amount – Neutral
https://epaper.brecorder.com/2024/05/28/1-page/994054-news.html

EPTL on verge of default as Rs65bn receivables remain elusive – Negative
https://www.thenews.com.pk/print/1193956-eptl-on-verge-of-default-as-rs65bn-receivables-remain-elusive

Hydropower projects; PM tells MoC, MoF and PD to sort out ‘issues’ with Korean cos – Neutral
https://epaper.brecorder.com/2024/05/28/1-page/994053-news.html

Discos’ privatisation: Shehbaz for speeding up process – Neutral
https://www.brecorder.com/news/40305789/discos-privatisation-shehbaz-for-speeding-up-process

PM forms body on additional utility-scale renewable energy power project – Neutral
https://epaper.brecorder.com/2024/05/28/8-page/994110-news.html

Parts’ makers seek 10-year EV plan – Neutral
https://tribune.com.pk/story/2468644/parts-makers-seek-10-year-ev-plan

ECC allows SNGPL-based fertiliser plants to operate at Rs1,597/MMBTU – Positive
https://epaper.brecorder.com/2024/05/28/1-page/994061-news.html

Fertiliser manufacturers hike prices despite stable gas subsidies – Neutral
https://www.thenews.com.pk/print/1194302-fertiliser-manufacturers-hike-prices-despite-stable-gas-subsidies

RDA investment in mutual funds almost doubles in one year – Neutral
https://www.thenews.com.pk/print/1193955-rda-investment-in-mutual-funds-almost-doubles-in-one-year

Meezan Exchange Company Ltd launched – Neutral
https://epaper.brecorder.com/2024/05/28/8-page/994100-news.html

PTC announces launch of ‘Made in Pakistan 3.0’ initiative – Neutral
https://www.nation.com.pk/28-May-2024/ptc-announces-launch-of-made-in-pakistan-3-0-initiative

MoC to resist PSMA’s ‘unsound’ export plan – Neutral
https://epaper.brecorder.com/2024/05/29/1-page/994121-news.html

FED on cigarettes likely to be increased in budget – Neutral
https://www.brecorder.com/news/40305577/fed-on-cigarettes-likely-to-be-increased-in-budget

Competition Commission of Pakistan clears merger of two brokerages – Neutral
https://www.dawn.com/news/1836109/competition-commission-of-pakistan-clears-merger-of-two-brokerages

Planning minister assures abolition of 20pc FED, claims Fruit Juice Council – Neutral
https://www.dawn.com/news/1836066/planning-minister-assures-abolition-of-20pc-fed-claims-fruit-juice-council

Upcoming budget; FBR to issue new rules to process pending refund applications – Neutral
https://epaper.brecorder.com/2024/05/28/8-page/994102-news.html

Pay, pension of govt officials likely to rise by 10-15pc – Neutral
https://www.thenews.com.pk/print/1194114-pay-pension-of-govt-officials-likely-to-rise-by-10-15pc

SHC suspends PEMRA’s court reporting ban till June 6
https://tribune.com.pk/story/2468533/shc-suspends-pemras-court-reporting-ban-till-june-6

Nawaz elected PML-N president
https://epaper.brecorder.com/2024/05/29/12-page/994208-news.html

Oil rises as major producers expected to keep output cuts in place
https://www.reuters.com/business/energy/oil-rises-major-producers-expected-keep-output-cuts-place-2024-05-29/

Asian Stocks Slip as Traders Weigh Bond Selloff: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-28/stock-market-today-dow-s-p-live-updates?srnd=markets-vp