Pakistan#Stock#Exchange

 Morning News (11th Oct'23)

Politics & Economy


1. IMF lowers Pakistan’s GDP forecast to 2.5pc

https://www.thenews.com.pk/print/1117992-imf-lowers-pakistan-s-gdp-forecast-to-2-5pc

Neutral


2. ECC forms core group on food inflation

https://www.brecorder.com/news/40267502/ecc-forms-core-group-on-food-inflation

Neutral


3. Govt to borrow Rs10.66tr in Q2 through domestic debt market

https://www.thenews.com.pk/print/1118018-govt-to-borrow-rs10-66tr-in-q2-through-domestic-debt-market

Neutral


4. Employees of power sector entities

https://epaper.brecorder.com/2023/10/11/1-page/974098-news.html

Neutral


5. CPEC projects in Gwadar: minister reviews progress of work

https://epaper.brecorder.com/2023/10/11/1-page/974005-news.html

Neutral


6. SAB retransferred to industries ministry

https://epaper.brecorder.com/2023/10/11/1-page/974094-news.html

Neutral


7. Remittances rise slightly in Sept, but still lag behind last year

https://www.thenews.com.pk/print/1118015-remittances-rise-slightly-in-sept-but-still-lag-behind-last-year

Neutral


8. IBIS: SIFC seeks timelines for installation of telemetry system

https://epaper.brecorder.com/2023/10/11/12-page/974079-news.html

Neutral


https://www.highcpmrevenuegate.com/gkkgd5fspa?key=fef47e4fddbf3959ff495fc505ca59cf9. PBC calls for probe into export data discrepancy with China

https://www.thenews.com.pk/print/1118014-pbc-calls-for-probe-into-export-data-discrepancy-with-china

Neutral


Sector & Company Related

10. Massive hike in gas tariffs now seems inevitable

https://epaper.brecorder.com/2023/10/11/1-page/974011-news.html

Positive For E&P and Gas Utilities


11. Sindh minister urges affordable energy, supports fossil fuels over IPPs

https://www.thenews.com.pk/print/1118021-sindh-minister-urges-affordable-energy-supports-fossil-fuels-over-ipps

Neutral for Power


12. Only core business of PIA to be offered: Fawad

https://epaper.brecorder.com/2023/10/11/1-page/974093-news.html

Neutral for PIAA


Board Meetings

JGICL  10:00 AM


Currency & Commodities

PKR/USD 280.51

Gold/USD 1,860.40/oz

Coal USD 130.25/ton

WTI USD 86.0/bbl

Cotton 16,600/maund

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