News Highlights Monday, August 12, 2024

Foreign investment at PSX plummets – Neutral
https://tribune.com.pk/story/2487099/foreign-investment-at-psx-plummets

SECP issues concept papers to develop sukuk market – Neutral
https://www.dawn.com/news/1851518/secp-issues-concept-papers-to-develop-sukuk-market

Govt claims progress in China debt talks – Neutral
https://tribune.com.pk/story/2486911/govt-claims-progress-in-china-debt-talks

Next phase of CPEC to focus on B2B arrangements: PM – Neutral
https://www.brecorder.com/news/40316861/next-phase-of-cpec-to-focus-on-b2b-arrangements-pm

July remittances grow 48pc to $3bn YoY – Positive
https://epaper.brecorder.com/2024/08/10/1-page/1002542-news.html

Agri export target fixed at $7bn for current fiscal: PM – Neutral
https://www.thenews.com.pk/print/1218480-agri-export-target-fixed-at-7bn-for-current-fiscal-pm

Debt soars to record Rs74.6 trillion – Negative
https://tribune.com.pk/story/2486913/debt-soars-to-record-rs746-trillion

Interest payments jump almost four times – Negative
https://www.dawn.com/news/1851268/interest-payments-jump-almost-four-times

World Bank publishes roadmap to avoid middle-income trap – Neutral
https://www.dawn.com/news/1851515/world-bank-publishes-roadmap-to-avoid-middle-income-trap

Govt plans to add 20m new taxpayers during 5 years – Neutral
https://tribune.com.pk/story/2487137/govt-plans-to-add-20m-new-taxpayers-during-5-years

SSGC implementing ambitious gas pipeline augmentation, expansion plan – Neutral
https://www.nation.com.pk/10-Aug-2024/ssgc-implementing-ambitious-gas-pipeline-augmentation-expansion-plan

Govt to alter gas supply priority order – Neutral
https://epaper.brecorder.com/2024/08/12/1-page/1002764-news.html

Two key thermal plants: PD ‘reluctant’ to share sell-off timelines – Neutral
https://www.brecorder.com/news/40316856/two-key-thermal-plants-pd-reluctant-to-share-sell-off-timelines

Can help cut $500m losses and circular debt; WB calls for utilising Balochistan’s ‘VRE’ potential – Neutral
https://epaper.brecorder.com/2024/08/11/1-page/1002645-news.html

Auto part makers face falling orders – Neutral
https://www.dawn.com/news/1851271/auto-part-makers-face-falling-orders

NetSol Technologies, IGNITE to establish startup incubation center in Lahore – Neutral
https://www.brecorder.com/news/40316761/netsol-technologies-ignite-to-establish-startup-incubation-center-in-lahore

Unilever fined Rs60m – Neutral
https://www.dawn.com/news/1851273/unilever-fined-rs60m

Over 6.138m tons of meat to be produced in FY2024-25 – Neutral
https://www.nation.com.pk/10-Aug-2024/over-6-138m-tons-of-meat-to-be-produced-in-fy2024-25

Nine iron, steel importers laundered money – Neutral
https://www.brecorder.com/news/40316847

FoodAges secures $1.2bn deals – Neutral
https://epaper.brecorder.com/2024/08/12/12-page/1002879-news.html

Reap, TDAP rejoice at $4bn rice export achievement milestone – Neutral
https://epaper.brecorder.com/2024/08/11/3-page/1002656-news.html

Govt to form new body to fix prices of medicines – Neutral
https://www.thenews.com.pk/print/1218805-govt-to-form-new-body-to-fix-prices-of-medicines

Traders considering stepping up protest against power tariffs – Neutral
https://epaper.brecorder.com/2024/08/11/3-page/1002658-news.html

JI says will launch nationwide protest if govt fails to honour agreement
https://epaper.brecorder.com/2024/08/12/3-page/1002776-news.html

Non-implementation of SC verdicts violation of constitution: Justice Shah
https://epaper.brecorder.com/2024/08/11/8-page/1002753-news.html

Oil holds on to last week’s gains buoyed by Mideast tensions, economic data
https://www.reuters.com/business/energy/oil-holds-last-weeks-gains-buoyed-by-mideast-tensions-economic-data-2024-08-12/

Asian Equities Advance, Yen Gives Up Some Gains: Markets Wrap
https://www.bloomberg.com/news/articles/2024-08-11/asian-stocks-eye-mixed-start-as-volatility-wanes-markets-wrap