News Highlights Wednesday, June 26, 2024

aPM admits FY25 budget prepared on IMF’s dictation – Neutral
https://www.brecorder.com/news/40309884/pm-admits-fy25-budget-prepared-on-imfs-dictation

Efforts under way to achieve last IMF programme: FinMin Aurangzeb – Neutral
https://www.nation.com.pk/25-Jun-2024/efforts-under-way-to-achieve-last-imf-programme-finmin-aurangzeb

SBP raises Rs131.4bn through PIB auction – Neutral
https://mettisglobal.news/sbp-raises-rs131-4bn-through-pib-auction/

Govt seeks Rs34.6tr borrowing – Negative
https://tribune.com.pk/story/2473999/govt-seeks-rs346tr-borrowing

Pakistan’s SOEs losses hit Rs905 billion in FY23 – Negative
https://www.thenews.com.pk/latest/1203492-pakistans-soes-losses-hit-rs905-billion-in-fy23

Aurangzeb cuts development budget amid criticism – Neutral
https://tribune.com.pk/story/2474002/aurangzeb-cuts-development-budget-amid-criticism

Ogra act amendment to bring $200m – Positive
https://tribune.com.pk/story/2474008/ogra-act-amendment-to-bring-200m

SIFC may take up pending merit order for gas allocation – Neutral
https://www.thenews.com.pk/print/1203678-sifc-may-take-up-pending-merit-order-for-gas-allocation

KE seeks Rs10.69/unit power price hike – Negative
https://tribune.com.pk/story/2474001/ke-seeks-rs1069unit-power-price-hike

Sindh govt may file murder charges against KE over heat-related deaths in Karachi – Negative
https://tribune.com.pk/story/2473975/sindh-govt-may-file-murder-charges-against-ke-over-heat-related-deaths-in-karachi

No additional duty on solar panels, says PM as masses bear brunt of power tariff increase – Positive
https://www.thenews.com.pk/latest/1203479-no-additional-duty-on-solar-panels-says-pm-as-masses-bear-brunt-of-power-tariff-increase

Tax exemption on hybrid vehicles to continue – Positive
https://www.thenews.com.pk/print/1203514-tax-exemption-on-hybrid-vehicles-to-continue

FBR may block bank accounts of non-filers – Negative
https://www.brecorder.com/news/40309905/fbr-may-block-bank-accounts-of-non-filers

PIA bidding process to take place in first week of August – Neutral
https://www.brecorder.com/news/40309795/pia-bidding-process-to-take-place-in-first-week-of-august

Sugar export: Govt to scrap permission if retail prices raised – Neutral
https://www.brecorder.com/news/40309908/sugar-export-govt-to-scrap-permission-if-retail-prices-raised

18pc sales tax on packaged milk – Neutral
https://epaper.brecorder.com/2024/06/26/7-page/996906-news.html

Carpet makers threaten to shut business – Neutral
https://tribune.com.pk/story/2474003/carpet-makers-threaten-to-shut-business

Allied Rental Modaraba to be delisted from PSX on June 26 – Neutral
https://mettisglobal.news/allied-rental-modaraba-to-be-delisted-from-psx-on-june-26/

CDC slashes fees, enhances market accessibility with major tariff reductions – Neutral
https://mettisglobal.news/cdc-slashes-fees-enhances-market-accessibility-with-major-tariff-reductions/

Azm-e-Istehkam operation; Azm-e-Istehkam operation
https://epaper.brecorder.com/2024/06/26/12-page/996972-news.html

Oil edges lower after industry group reports jump in US stockpiles
https://www.reuters.com/markets/commodities/oil-edges-lower-after-industry-group-reports-jump-us-stockpiles-2024-06-26/