News Highlights Friday, July 19, 2024

Interest payments to devour 62pc of revenues: ADB – Neutral
https://epaper.brecorder.com/2024/07/19/1-page/999705-news.html

SBP projected to bring down policy rate to 16% by 2024-end: Fitch Solutions’ BMI report – Neutral
https://www.brecorder.com/news/40313271/sbp-projected-to-bring-down-policy-rate-to-16-by-2024-end-fitch-solutions-bmi-report

Foreign inflows into T-A money changer counts Pakistan’s currency at a market in Karachi – Neutral
https://www.thenews.com.pk/print/1210922-foreign-inflows-into-t-bills-surge-to-highest-level-since-2020

Govt to borrow Rs3.97trn in Q1 FY24 – Negative
https://epaper.brecorder.com/2024/07/19/1-page/999710-news.html

July-May LSM output grows 0.99pc YoY – Neutral
https://epaper.brecorder.com/2024/07/19/12-page/999818-news.html

FX up by $59m – Neutral
https://epaper.brecorder.com/2024/07/19/12-page/999816-news.html

Production from new development well, Adhi South-8 begins: PPL – Positive
https://epaper.brecorder.com/2024/07/19/12-page/999817-news.html

SNGPL seeks PD’s help to deal with surplus RLNG – Neutral
https://epaper.brecorder.com/2024/07/19/12-page/999823-news.html

Foreign firms not interested in offshore oil, gas drilling – Negative
https://www.dawn.com/news/1846587/foreign-firms-not-interested-in-offshore-oil-gas-drilling

Petroleum group imports witness negative growth during FY2023-24 – Neutral
https://epaper.brecorder.com/2024/07/19/4-page/999736-news.html

Ministers to head to China to try to get $15.4bn IPPs debt rescheduled – Neutral
https://www.thenews.com.pk/print/1211097-ministers-to-head-to-china-to-try-to-get-15-4bn-ipps-debt-rescheduled

Senate panel demands data on IPPs amid surging power tariff – Neutral
https://www.thenews.com.pk/print/1211107-senate-panel-demands-data-on-ipps-amid-surging-power-tariff

Buyback rate of net metering likely at average energy cost – Neutral
https://epaper.brecorder.com/2024/07/19/1-page/999704-news.html

FY2023-24: textile exports up by around 0.93pc to $16.655bn – Neutral
https://epaper.brecorder.com/2024/07/19/4-page/999835-news.html

Yutong to set up bus-making plant in Karachi – Neutral
https://epaper.brecorder.com/2024/07/19/12-page/999821-news.html

PM directs FBR to bring 4.9 million wealthy individuals into tax net – Neutral
https://tribune.com.pk/story/2480761/pm-directs-fbr-to-bring-49-million-wealthy-individuals-into-tax-net

Pakistan ‘highly likely’ to see change in govt before 2029 elections, warns Fitch Solutions’ BMI report
https://www.brecorder.com/news/40313262/pakistan-highly-likely-to-see-change-in-govt-before-2029-elections-warns-fitch-solutions-bmi-report

ECP at a loss over reserved seats verdict
https://www.dawn.com/news/1846588/ecp-at-a-loss-over-reserved-seats-verdict

Oil prices steady as US rate-cut hopes contend with economic slowdown signals
https://www.reuters.com/business/energy/oil-prices-rise-bigger-than-expected-drop-us-crude-stocks-2024-07-18/

Asian Stocks to Track US Decline for Second Day: Markets Wrap
https://www.bloomberg.com/news/articles/2024-07-18/stock-market-today-dow-s-p-live-updates?srnd=phx-markets