MORNING SHOUT - 13TH AUG 2021

Covid deaths exceed 100 first time since May (Neutral)
As the country reported over 100 deaths caused by Covid-19 in a
single day after a gap of almost three months, NCOC head Asad
Umar said that the recent Azad Jammu and Kashmir general
elections had acted as a super spreader for the coronavirus and
that positivity rate had surged to 30pc in the region.
https://www.dawn.com/news/1640358/covid-deaths-exceed-100-first-time-since-may

Pakistan to help Taliban-Turkey talks over Kabul airport: PM Imran
(Neutral)
Prime Minister Imran Khan said on Thursday Pakistan would
influence the Taliban for holding direct talks with Turkey to secure
Kabul International Airport after US troops completely exit the
conflict-hit Afghanistan by August 31.
https://www.dawn.com/news/1640361/pakistan-to-help-talibanturkey-talks-over-kabul-airport-pm-imran

IMF to disburse $2.77 bn corona fund by 23rd: Tarin (Positive)
Minister for Finance Shaukat Tarin announced good news that the
IMF would disburse $2.77 billion unconditional loan at zero mark-up
by August 23, 2021 to help the country mitigate the COVID-19
pandemic out of the total $650 billion package for all affected
countries.
https://www.thenews.com.pk/print/877590-imf-to-disburse-2-77-bn-corona-fund-by-23rd-tarin

Govt plans to power Gwadar Port with Iranian electricity (Neutral)
The government has decided to start negotiations for importing 70
to 100 megawatt Iranian electricity to power up Gwadar Port,
officials said on Thursday. A transmission line of 220 KV would also
be constructed to connect with the national grid, the meeting
was told.
https://www.thenews.com.pk/print/877417-govt-plans-to-powergwadar-port-with-iranian-electricity

Fiscal stimulus likely to fuel economic recovery in FY2021/22: SBP
(Neutral)
Economic recovery is expected to accelerate in the current fiscal
year of 2021/22 as fiscal stimulus extended to businesses and
households during coronavirus restrictions boosts confidence in the
economy, central bank said on Thursday.
https://www.thenews.com.pk/print/877418-fiscal-stimulus-likely-tofuel-economic-recovery-in-fy2021-22-sbp

SC can’t determine commodity prices: Justice Bandial (Neutral)
The Supreme Court (SC) Thursday conditionally allowed the sugar
mills owners to sell sugar at ex-mill price and directed the Lahore
High Court (LHC) to decide the matter in 15 days.
https://www.thenews.com.pk/print/877596-sc-can-t-determinecommodity-prices-justice-bandial

Forex reserves fall to $24.644bln (Neutral)
The total liquid foreign reserves held by the country stood at
$24.644 billion, compared with $24.853 billion in the previous
week. SBP’s reserves decreased by $223 million to $17.622 billion.
The reserves of commercial banks amounted to $7.021 billion.
https://mettisglobal.news/auction-result-sbp-sells-t-bills-worth-rs400-67-billion/

TCP tenders to buy 200,000 tonnes of sugar (Neutral)
Pakistan’s state agency the Trading Corporation of Pakistan (TCP)
has issued a new international tender to purchase 200,000 tonnes
of white sugar, European traders said on Thursday. The deadline
for submission of price offers is Aug 24. The TCP has issued a series
of sugar purchase tenders in past months to improve local supplies
and cool prices.
https://epaper.brecorder.com/2021/08/13/1-page/896846-news.html

International
Asian equities retreat after world stocks hit new record (Neutral)
Most Asian equity markets continued to ignore record highs hit
elsewhere in the world and fell in early trading on Friday, though
Australia bucked the trend. MSCI’s broadest index of Asia-Pacific
shares outside Japan fell 0.59%, having closed lower on each of
the past three days.
https://www.investing.com/news/stock-market-news/asianequities-retreat-after-world-stocks-hit-new-record-2589004

Oil falls a second day after IEA warns of slowdown in demand
(Neutral)
Oil prices fell for a second day on Friday after the IEA warned that
demand growth for crude and its products had slowed sharply as
surging cases of COVID-19 worldwide has forced governments to
revive restrictions on movement.
https://www.investing.com/news/commodities-news/oil-falls-asecond-day-after-iea-warns-of-slowdown-in-demand-2588965

Massive China Port Shutdown Raises Fears of Closures Worldwide
(Neutral)
A Covid outbreak that has partially shut one of the world’s busiest
container ports is heightening concerns that the rapid spread of
the delta variant will lead to a repeat of last year’s shipping
nightmares.
https://www.investing.com/news/economy/massive-china-portshutdown-raises-fears-of-closures-worldwide-2588966

U.S. producer prices at more than decade high; jobless claims fall
(Neutral)
Producer prices posted their largest annual increase in more than
a decade amid inflation pressures while the number of Americans
filing claims for unemployment benefits fell again last week as the
economic recovery continues to be bumpy.
https://www.investing.com/news/economic-indicators/us-joblessclaims-fall-as-labor-market-recovery-continues-2588157