News Highlights Thursday, September 19, 2024

Foreign-funded projects; EAD seeks Rs196bn more to cover rupee deficit – Neutral
https://epaper.brecorder.com/2024/09/19/1-page/1007740-news.html

‘The Review’ of SBP; Timely realization of IMF lending to help revive inflows – Neutral
https://epaper.brecorder.com/2024/09/19/1-page/1007739-news.html

Russia says will support Pakistan’s inclusion in BRICS – Neutral
https://epaper.brecorder.com/2024/09/19/1-page/1007745-news.html

$75m CA surplus recorded in August – Positive
https://epaper.brecorder.com/2024/09/19/1-page/1007742-news.html

Jul-Aug FDI up 55.5pc to $350.3m YoY – Positive
https://epaper.brecorder.com/2024/09/19/1-page/1007741-news.html

RDA inflows reach $8.58bn – Positive
https://www.thenews.com.pk/print/1231591-rda-inflows-reach-8-58bn

Auction for MTBs – Neutral
https://epaper.brecorder.com/2024/09/19/18-page/1007852-news.html

PKR’s REER index decreases to 100.16 in August – Neutral
https://mettisglobal.news/pkrs-reer-index-decreases-to-100-16-in-august/

Construction set to begin on white oil pipeline with SIFC backing – Neutral
https://tribune.com.pk/story/2496925/construction-set-to-begin-on-white-oil-pipeline-with-sifc-backing

August FCA; CPPA-G seeks Re0.57 per unit negative adjustment – Positive
https://epaper.brecorder.com/2024/09/19/1-page/1007737-news.html

KE supports entry of other Discos into Karachi – Neutral
https://epaper.brecorder.com/2024/09/19/1-page/1007738-news.html

Auto financing in Pakistan drops for 26th consecutive month – Negative
https://mettisglobal.news/auto-financing-in-pakistan-drops-for-26th-consecutive-month/

TOMCL completes second phase of expansion – Positive
https://profit.pakistantoday.com.pk/2024/09/18/tomcl-completes-second-phase-of-expansion/

IT exports rise 27pc YoY – Positive
https://www.thenews.com.pk/print/1231589-it-exports-rise-27pc-yoy

SBP expects banking sector’s exposure to govt to remain high in H2CY24 – Positive
https://www.thenews.com.pk/print/1231590-sbp-expects-banking-sector-s-exposure-to-govt-to-remain-high-in-h2cy24

Loads Limited writes off Rs 1.32 billion loan to subsidiary – Neutral
https://profit.pakistantoday.com.pk/2024/09/18/loads-limited-writes-off-rs-1-32-billion-loan-to-subsidiary/

10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019 – Neutral
https://epaper.brecorder.com/2024/09/19/18-page/1007859-news.html

New steel mills in Karachi; New steel mills in Karachi – Neutral
https://epaper.brecorder.com/2024/09/19/1-page/1007743-news.html

PTI, JUI-F reject constitutional amendment bill draft
https://epaper.brecorder.com/2024/09/19/1-page/1007732-news.html

Justice Mansoor Ali Shah to be country’s next chief justice: PPP chief
https://www.thenews.com.pk/latest/1231441-justice-mansoor-ali-shah-to-be-countrys-next-chief-justice-says-ppp-chairman-bilawal-bhutto-zardari

US Fed slashes rates by 50 basis points in first easing since pandemic hit
https://www.thenews.com.pk/latest/1231581-us-fed-slashes-rates-by-50-basis-points-in-first-easing-since-pandemic-hit

Oil Drops as Signs of Weak US Demand Offset Fed’s Deep Rate Cut
https://www.bloomberg.com/news/articles/2024-09-18/latest-oil-market-news-and-analysis-for-september-19