News Highlights Thursday, August 29, 2024

Moody’s lifts rating on reduced default risk – Positive
https://epaper.brecorder.com/2024/08/29/1-page/1005135-news.html

Remittance incentives revision will top ECC agenda today – Neutral
https://epaper.brecorder.com/2024/08/29/1-page/1005138-news.html

July profit repatriation significantly rises to $139.13m YoY – Neutral
https://epaper.brecorder.com/2024/08/29/1-page/1005140-news.html

Fix issues or risk China co-operation, RSEZDOC warns govt – Neutral
https://epaper.brecorder.com/2024/08/29/1-page/1005137-news.html

Strike cripples hives of trade activity across Pakistan – Negative
https://tribune.com.pk/story/2491791/strike-cripples-hives-of-trade-activity-across-pakistan

Nepra concerned at drop in power consumption – Neutral
https://www.brecorder.com/news/40319835/nepra-concerned-at-drop-in-power-consumption

Govt to streamline, accelerate privatisation of state-owned Discos – Neutral
https://www.nation.com.pk/29-Aug-2024/govt-to-streamline-accelerate-privatisation-of-state-owned-discos

Conversion of IPPs to Thar coal: PD sets up advisory panel – Neutral
https://www.brecorder.com/news/40319836/conversion-of-ipps-to-thar-coal-pd-sets-up-advisory-panel

‘Exorbitant’ Islamic bank charges come under spotlight – Negative
https://www.dawn.com/news/1855388/exorbitant-islamic-bank-charges-come-under-spotlight

JS Bank approves establishment of currency exchange company and REIT investment – Positive
https://profit.pakistantoday.com.pk/2024/08/28/js-bank-approves-establishment-of-currency-exchange-company-and-reit-investment/

Textile, leather industry spells out factors hurting exports – Negative
https://epaper.brecorder.com/2024/08/29/1-page/1005134-news.html

Internet slowdown likely to continue for months – Negative
https://epaper.brecorder.com/2024/08/29/1-page/1005128-news.html

Tajir Dost fails to boost tax compliance – Neutral
https://www.dawn.com/news/1855386/tajir-dost-fails-to-boost-tax-compliance

CJP seeks nomination of additional judges
https://epaper.brecorder.com/2024/08/29/12-page/1005288-news.html

Red Sea insurance nearly doubles
https://epaper.brecorder.com/2024/08/29/1-page/1005142-news.html

Oil steady as smaller-than-expected US stock draw counters Libya supply disruption
https://www.reuters.com/business/energy/oil-steady-smaller-than-expected-us-stock-draw-counters-libya-supply-disruption-2024-08-29/