News Highlight Wednesday, January 24, 2024

MPC meeting on 29th – Neutral
https://epaper.brecorder.com/2024/01/24/12-page/983345-news.html

SBP likely to hold key rate steady as IMF warns of inflationary risks – Neutral
https://www.thenews.com.pk/print/1150699-sbp-likely-to-hold-key-rate-steady-as-imf-warns-of-inflationary-risks

PM welcomes investment of international companies – Positive
https://epaper.brecorder.com/2024/01/24/1-page/983265-news.html

SBP to launch platform for FX interbank market – Neutral
https://epaper.brecorder.com/2024/01/24/1-page/983264-news.html

Kibor starts inching up as hopes for rate cut fade – Negative
https://www.dawn.com/news/1808136/kibor-starts-inching-up-as-hopes-for-rate-cut-fade

OGDCL announces oil discovery at Sono-9 well in Hyderabad – Positive
https://epaper.brecorder.com/2024/01/24/4-page/983294-news.html

POL import bill declines by 13.78pc – Positive
https://www.nation.com.pk/24-Jan-2024/pol-import-bill-declines-by-13-78pc

KE, Hubco ink MoU to explore off-take of electricity – Positive
https://epaper.brecorder.com/2024/01/24/12-page/983352-news.html

Govt may take rice exports to $5bn by 2028: Shahzad Malik – Neutral
https://www.brecorder.com/news/40285377/govt-may-take-rice-exports-to-5bn-by-2028-shahzad-malik

Pakistan, Qatar sign agreements to boost employment opportunities for Pakistanis – Positive
https://epaper.brecorder.com/2024/01/24/4-page/983298-news.html

High costs hinder SME growth’ – Neutral
https://www.thenews.com.pk/print/1150712-high-costs-hinder-sme-growth

Cabinet sets four-day deadline for FBR revamp plan – Neutral
https://www.dawn.com/news/1808139/cabinet-sets-four-day-deadline-for-fbr-revamp-plan

Shamshad again chosen for SSGCL board chair – Neutral
https://www.dawn.com/news/1808138/shamshad-again-chosen-for-ssgcl-board-chair

Govt approves army deployment for ‘peaceful conduct’ of Feb 8 polls
https://www.dawn.com/news/1808049/govt-approves-army-deployment-for-peaceful-conduct-of-feb-8-polls

Japan Stocks Fall on Hawkish BOJ; Eyes on China: Markets Wrap
https://www.bloomberg.com/news/articles/2024-01-23/stock-market-today-dow-s-p-live-updates?srnd=premium

Oil prices settle down slightly on more supply in US and abroad
https://www.reuters.com/markets/commodities/oil-slips-economic-concerns-eclipse-geopolitical-tensions-2024-01-23/

Exchange Rates:

WTI (Nymex)74.45 USD/bbl
BRENT (ICE)79.65 USD/bbl
ARAB LIGHT80.64 USD/bbl
R BAY COAL95.00 USD/TON
USDPKR279.79