News Highlights Thursday, 01 August, 2024

Pakistan to repay $24.8bn external debt in FY25: SBP – Neutral
https://www.thenews.com.pk/print/1215320-pakistan-to-repay-24-8bn-external-debt-in-fy25-sbp

ADB team, BISP official discuss proposed $300m package – Neutral
https://www.brecorder.com/news/40315365/adb-team-bisp-official-discuss-proposed-300m-package

Govt raises Rs140bn through PIBs auction – Neutral
https://www.brecorder.com/news/40315361/govt-raises-rs140bn-through-pibs-auction

July collection exceeds target by Rs3bn – Neutral
https://www.dawn.com/news/1849308/july-collection-exceeds-target-by-rs3bn

Petrol price cut by Rs6.17, HSD’s by Rs10.86 – Neutral
https://www.brecorder.com/news/40315369/petrol-price-cut-by-rs617-hsds-by-rs1086

PSO loses 5% market share – Negative
https://tribune.com.pk/story/2484584/pso-loses-5-market-share

RLNG slashed by over 8% for SNGPL, SSGC – Positive
https://mettisglobal.news/rlng-slashed-by-over-8-for-sngpl-ssgc/

April & June 2024: Nepra confirms overbilling by KE, other Discos – Negative
https://www.brecorder.com/news/40315375/april-june-2024-nepra-confirms-overbilling-by-ke-other-discos

PD blamed for IPP agreements: Sovereign contracts cannot be opened unilaterally: Nepra – Neutral
https://www.brecorder.com/news/40315376/pd-blamed-for-ipp-agreements-sovereign-contracts-cannot-be-opened-unilaterally-nepra

Indus Motor begins export of vehicles – Positive
https://www.dawn.com/news/1849304/indus-motor-begins-export-of-vehicles

Pak Suzuki begins exporting vehicles – Positive
https://www.brecorder.com/news/40315359/pak-suzuki-begins-exporting-vehicles

Auction for serviceable old cars: No 18pc GST if tax paid at import stage: FBR – Neutral
https://www.brecorder.com/news/40315368/auction-for-serviceable-old-cars-no-18pc-gst-if-tax-paid-at-import-stage-fbr

PM talks about plan to attract FDI for IT – Neutral
https://www.brecorder.com/news/40315378/pm-talks-about-plan-to-attract-fdi-for-it

WTL unveils 4IR tech expansion plan across 20 Pakistani cities
https://mettisglobal.news/wtl-unveils-4ir-tech-expansion-plan-across-20-pakistani-cities/

Searle to sell its entire shareholding in Pakistani subsidiary – Neutral
https://profit.pakistantoday.com.pk/2024/07/31/searle-to-sell-its-entire-shareholding-in-pakistani-subsidiary/

NA committee passes amendments to Election Act
https://www.brecorder.com/news/40315249/na-committee-passes-amendments-to-election-act

Oil rises on risk of broadening Middle East conflict
https://www.reuters.com/business/energy/oil-rises-risk-broadening-middle-east-conflict-2024-08-01/

Fed leaves rates unchanged
https://www.dawn.com/news/1849302/fed-leaves-rates-unchanged

Iran’s Leader Orders Attack on Israel for Haniyeh Killing, Officials Say
https://www.nytimes.com/2024/07/31/world/middleeast/iran-orders-attack-israel.html