News Highlights Friday, June 28, 2024

NA may approve budget today – Neutral
https://www.brecorder.com/news/40310280/na-may-approve-budget-today

Profit, dividend: Foreign investors repatriate record $918m in May – Neutral
https://www.brecorder.com/news/40310278/profit-dividend-foreign-investors-repatriate-record-918m-in-may

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank – Neutral
https://www.brecorder.com/news/40310119/pakistans-remittances-to-recover-and-grow-in-2024-2025-world-bank

SBP-held foreign exchange reserves decrease $239mn to fall below $9bn – Neutral
https://www.brecorder.com/news/40310163/sbp-held-foreign-exchange-reserves-decrease-239mn-to-fall-below-9bn

Petrol, HSD prices likely to increase – Neutral
https://www.brecorder.com/news/40310267/petrol-hsd-prices-likely-to-increase

Govt to offer offshore oil and gas exploration blocks in August – Positive
https://www.thenews.com.pk/print/1204218-govt-to-offer-offshore-oil-and-gas-exploration-blocks-in-august

Govt to pay Rs82bn under circular debt settlement: OGDCL – Positive
https://www.thenews.com.pk/print/1204220-govt-to-pay-rs82bn-under-circular-debt-settlement-ogdcl

EPQL seeks to buy low BTU gas from PPL’s Kandhkot field – Positive
https://www.brecorder.com/news/40310272/epql-seeks-to-buy-low-btu-gas-from-ppls-kandhkot-field

Govt-owned LPG company: Vitol wins tender – Neutral
https://www.brecorder.com/news/40310271/govt-owned-lpg-company-vitol-wins-tender

K-Electric seeks major tariff adjustments amid criticism – Neutral
https://www.thenews.com.pk/print/1204371-k-electric-seeks-major-tariff-adjustments-amid-criticism

PM wants strategy for Thar coal gasification project – Neutral
https://www.thenews.com.pk/print/1204367-pm-wants-strategy-for-thar-coal-gasification-project

Chinese auto magnate to sell EVs in Pakistan – Positive
https://www.nation.com.pk/28-Jun-2024/chinese-auto-magnate-to-sell-evs-in-pakistan

SBP aims to double SME financing to Rs1100b: Deputy governor – Positive
https://www.nation.com.pk/28-Jun-2024/sbp-aims-to-double-sme-financing-to-rs1100b-deputy-governor

ECC decides to establish pension funds from July 1 – Neutral
https://www.brecorder.com/news/40310274/ecc-decides-to-establish-pension-funds-from-july-1

Various Divisions: NA approves 9 demands for grants worth Rs145.32bn – Neutral
https://www.brecorder.com/news/40310279/various-divisions-na-approves-9-demands-for-grants-worth-rs14532bn

Likely amendments in finance bill: Govt becomes flexible about non-filers – Positive
https://www.brecorder.com/news/40310281/likely-amendments-in-finance-bill-govt-becomes-flexible-about-non-filers

Terrorist hideouts in Afghanistan can be targeted under Azm-e-Istehkam: Khawaja Asif
https://www.brecorder.com/news/40310173/terrorist-hideouts-in-afghanistan-can-be-targeted-under-azm-e-istehkam-khawaja-asif

Dar vows tit-for-tat NA response to US House resolution
https://www.thenews.com.pk/print/1204369-dar-vows-tit-for-tat-na-response-to-us-house-resolution

Oil prices edge higher as supply risks mount
https://www.reuters.com/markets/commodities/oil-prices-edge-higher-supply-risks-mount-2024-06-28/