News Highlights Thursday, January 09, 2025

Pakistani banks among best performing banking stocks in 2024: S&P Global Market Intelligence – Positive
https://www.brecorder.com/news/40341709/pakistani-banks-among-best-performing-banking-stocks-in-2024-sampp-global-market-intelligence

GOP Ijarah Sukuk; PSX raises Rs135.87bn – Positive
https://epaper.brecorder.com/2025/01/09/1-page/1023279-news.html

Pakistan moves to regulate cryptocurrencies – Neutral
https://www.thenews.com.pk/print/1270277-pakistan-moves-to-regulate-cryptocurrencies

MTBs yield down – Neutral
https://epaper.brecorder.com/2025/01/09/1-page/1023274-news.html

Development spending falls off cliff in July-Dec – Neutral
https://www.dawn.com/news/1883971/development-spending-falls-off-cliff-in-july-dec

Refinery Upgrade Project: PRL secures Rs3.15bn loan facility from PSO – Positive
https://www.brecorder.com/news/40341667/refinery-upgrade-project-prl-secures-rs315bn-loan-facility-from-pso

Refineries seek recovery of input sales tax via IFEM – Neutral
https://www.thenews.com.pk/print/1270084-refineries-seek-recovery-of-input-sales-tax-via-ifem

MPCL’s name changed to Mari Energies – Neutral
https://epaper.brecorder.com/2025/01/09/12-page/1023427-news.html

GOP Ijarah Sukuk; PSX raises Rs135.87bn – Positive
https://epaper.brecorder.com/2025/01/09/1-page/1023279-news.html

Govt ‘fails to sway IMF’ on power tax cut – Negative
https://tribune.com.pk/story/2520943/govt-fails-to-sway-imf-on-power-tax-cut

Sindh introduces EV taxis for unemployed youth – Positive
https://tribune.com.pk/story/2520827/sindh-introduces-eco-friendly-ev-taxis-for-unemployed-youth

Maple Leaf Cement acquires 1.48 million Agritech shares – Positive
https://profit.pakistantoday.com.pk/2025/01/08/maple-leaf-cement-acquires-1-48-million-agritech-shares/

WorldCall Telecom launches Center of Excellence for AI and Big Data in Pakistan – Positive
https://profit.pakistantoday.com.pk/2025/01/08/worldcall-telecom-launches-center-of-excellence-for-ai-and-big-data-in-pakistan/

Faysal Funds shifts to Sharia-compliant asset management firm – Neutral
https://www.thenews.com.pk/print/1269729-faysal-funds-shifts-to-sharia-compliant-asset-management-firm

Loan okayed for overseas workers – Positive
https://tribune.com.pk/story/2520900/loan-okayed-for-overseas-workers

PTI links continuation of talks with govt to formation of judicial commission
https://www.thenews.com.pk/latest/1270075-pti-links-continuation-of-talks-with-govt-to-formation-of-judicial-commission

Oil prices extend losses on rising U.S. fuel inventories
https://www.reuters.com/business/energy/oil-prices-extend-losses-rising-us-fuel-inventories-2025-01-09/

Asian Stocks Dip as Traders Shift Focus to US Jobs: Markets Wrap
https://www.bloomberg.com/news/articles/2025-01-08/stock-market-today-dow-s-p-live-updates?srnd=phx-markets