News Highlights Monday, October 28, 2024

PSX world’s best performing market – Positive
https://tribune.com.pk/story/2505523/psx-worlds-best-performing-market

PSX raises Rs835b for govt, corporates – Positive
https://tribune.com.pk/story/2505518/psx-raises-rs835b-for-govt-corporates

PSX sees higher listings, 7 companies raise Rs8bn – Positive
https://www.dawn.com/news/1867876/psx-sees-higher-listings-7-companies-raise-rs8bn

Finance minister reports constructive meetings with stakeholders in US – Positive
https://www.thenews.com.pk/latest/1244495-finance-minister-reports-constructive-meetings-with-stakeholders-in-us

Pakistan seeks foreign investment – Positive
https://www.dawn.com/news/1867718/pakistan-seeks-foreign-investment

Aim to launch inaugural Panda bond in Chinese market – Positive
https://epaper.brecorder.com/2024/10/27/1-page/1013001-news.html

ADB to provide $2.75bn budget support in four years – Positive
https://www.thenews.com.pk/print/1244758-adb-to-provide-2-75bn-budget-support-in-four-years

ADB to provide $500m loan to support Pakistan’s environmental goals – Positive
https://tribune.com.pk/story/2505453/adb-to-provide-500m-loan-to-support-pakistans-environmental-goals

IMF forecasts Pakistan’s inflation rate to fall to 10.6% by 2025 – Positive
https://tribune.com.pk/story/2505385/imf-forecasts-pakistans-inflation-rate-to-fall-to-106-by-2025

SBP targeting to increase its FX reserves to $13bn by end-June 2025: SBP governor – Positive
https://www.thenews.com.pk/print/1243900-sbp-targeting-to-increase-its-fx-reserves-to-13bn-by-end-june-2025-sbp-governor

$1.4 billion loan sought from China – Negative
https://tribune.com.pk/story/2505521/14-billion-loan-sought-from-china

Pakistan asks Qatar to shift 5 LNG cargoes to 2026 – Neutral
https://www.thenews.com.pk/print/1244070-pakistan-asks-qatar-to-shift-5-lng-cargoes-to-2026

Ogra reports depletion of HSD stocks fuelled by increased demand – Neutral
https://www.thenews.com.pk/print/1243901-ogra-reports-depletion-of-hsd-stocks-fuelled-by-increased-demand

Oil sector pushes Ogra to lead fuel digitization – Neutral
https://www.thenews.com.pk/print/1244286-oil-sector-pushes-ogra-to-lead-fuel-digitisation

SNGPL move to reinitiate arbitration perturbs NPPMCL – Neutral
https://epaper.brecorder.com/2024/10/28/1-page/1013120-news.html

July FCA: KE allowed Rs3/unit tariff hike – Negative
https://epaper.brecorder.com/2024/10/26/1-page/1012891-news.html

Contracts with 8 more IPPs renegotiated, NA told – Neutral
https://epaper.brecorder.com/2024/10/26/1-page/1012892-news.html

Capacity payment issue; 10 IPPs seek PM’s intervention – Neutral
https://epaper.brecorder.com/2024/10/28/1-page/1013119-news.html

Move aimed at raising power consumption; PD giving final touches to ‘winter package’ – Neutral
https://epaper.brecorder.com/2024/10/26/1-page/1012890-news.html

IMC unveils first hybrid electric vehicle – Positive
https://www.thenews.com.pk/print/1243905-imc-unveils-first-hybrid-electric-vehicle

Hyundai Launches Pakistan’s First Locally Assembled Hybrid Sedan – Positive
https://propakistani.pk/2024/10/27/hyundai-launches-pakistans-first-locally-assembled-hybrid-sedan/

Kia Pakistan Launches Its First Electric Car EV5 – Positive
https://propakistani.pk/2024/10/26/kia-pakistan-launches-its-first-electric-car-ev5-images/

Locally Assembled MG HS PHEV Launches in Pakistan, Bookings Open – Positive
https://propakistani.pk/2024/10/26/locally-assembled-mg-hs-phev-launches-in-pakistan-bookings-open/

EVs poised to redefine urban mobility – Positive
https://tribune.com.pk/story/2505522/evs-poised-to-redefine-urban-mobility

PAAPAM hosts Day 2 of Auto Parts Show 2024 with key dignitaries – Positive
https://www.thenews.com.pk/print/1244282-paapam-hosts-day-2-of-auto-parts-show-2024-with-key-dignitaries

PTCL group faces troubled financial path – Negative
https://www.dawn.com/news/1867874/ptcl-group-faces-troubled-financial-path

Karachi, Shanghai ports to deepen cooperation – Positive
https://tribune.com.pk/story/2505524/karachi-shanghai-ports-to-deepen-cooperation

Pakistan, China firms sign deals worth $40m – Positive
https://tribune.com.pk/story/2505351/pakistan-china-firms-sign-deals-worth-40m

CHOGM sidelines: Pakistan, Bangladesh discuss Saarc revival – Positive
https://www.thenews.com.pk/print/1244073-chogm-sidelines-pakistan-bangladesh-discuss-saarc-revival

Trade deficit with regional states balloons 62pc – Negative
https://www.dawn.com/news/1867875/trade-deficit-with-regional-states-balloons-62pc

Textile exporters warn of collapse if gas to CPPs halted – Negative
https://www.dawn.com/news/1867723/textile-exporters-warn-of-collapse-if-gas-to-cpps-halted

Justice Yahya Afridi takes oath as 30th CJP
https://www.thenews.com.pk/latest/1244108-justice-yahya-afridi-to-be-sworn-in-as-new-cjp-today

Fazl renews call for fresh elections
https://www.dawn.com/news/1867883/fazl-renews-call-for-fresh-elections

Gulf warns over Israeli ‘escalation’
https://epaper.brecorder.com/2024/10/27/1-page/1012996-news.html

Oil Slumps 5% as Israel Limits Iran Strike to Military Targets
https://www.bloomberg.com/news/articles/2024-10-27/brent-falls-5-at-open-after-israel-strikes-avoid-iranian-crude?srnd=phx-markets