MORNING SHOUT - 17TH AUG 2021

People coming from Afghanistan to be tested for Covid
As there is a high level of uncertainty in Afghanistan after the
Taliban takeover of Kabul and there is a chance of influx of a
large number of Afghan migrants into Pakistan, the country’s
health authorities have decided to make arrangements for testing
every person entering Pakistan from the war-torn country for
Covid-19 and sending those found infected with the virus to
quarantine centres.
https://www.dawn.com/news/1641117/people-coming-fromafghanistan-to-be-tested-for-covid
ECC approves continuation of gas, power subsidy
The Economic Coordination Committee (ECC) of the Cabinet
Monday approved the continuation of electricity and gas subsidy
for export-oriented sectors to reduce cost of manufacturing and
support the momentum of growth in exports during the fiscal year
2021-22.
https://epaper.brecorder.com/2021/08/17/1-page/897278-news.html
Pakistan bonds hit as investors brace for Afghanistan fallout
Pakistan’s international bonds came under selling pressure on
Monday, and debt issued by Uzbekistan also weakened as
emerging market investors braced for the fallout from the crisis in
Afghanistan Financial Times reported.
https://www.thenews.com.pk/print/879170-pakistan-bonds-hit-asinvestors-brace-for-afghanistan-fallout
PD awards five new E&P blocks to OGDCL 
Petroleum Division on Monday awarded five new Exploration and
Production (E&P) blocks to Oil and Gas Development Company
(OGDCL) in line with the government strategy to step up oil and
gas exploration activities in potential areas across the country.
https://epaper.brecorder.com/2021/08/17/12-page/897374-news.html
Govt plans to top up commodity reserves up to 20pc to offset high
local prices
The government will build the strategic reserves by importing 10-20
percent of the total consumption of the staple food items and
supply into the market to bridge the supply and demand gap, a
minister said on Monday.
https://www.thenews.com.pk/print/879176-govt-plans-to-top-upcommodity-reserves-up-to-20pc-to-offset-high-local-prices
Govt allows $400m venture in Abu Dhabi 
The government on Monday allowed a consortium of the
country’s leading petroleum exploration and development (E&P)
companies in the public sector to go for a $400 million exploration
attempt in Abu Dhabi, United Arab Emirates.
https://www.dawn.com/news/1641124/govt-allows-400m-venturein-abu-dhabi

SBP introduces ‘innovative’ SME Asaan Finance scheme 
The State Bank Pakistan (SBP) in collaboration with the
Government of Pakistan has introduced an innovative initiative to
improve access to finance for Small and Medium Enterprises
(SMEs), which cannot offer security / collateral to access bank
finance.
https://epaper.brecorder.com/2021/08/17/5-page/897323-news.html
Ministries told to expedite import of wheat, sugar 
Federal Minister for Finance and Revenue Shaukat Tarin Monday
directed the concerned ministries to accelerate the import of
wheat and sugar and ensure that sufficient stocks are available
for smooth supply during the current financial year.
https://www.brecorder.com/news/40113975/ministries-told-toexpedite-import-of-wheat-sugar
International
Asian Stocks Down as COVID-19 Caution Continues 
Asia Pacific stocks were mostly down on Tuesday morning, with
investors continuing to digest the latest economic data from
China amid fears that the latest COVID-19 outbreaks will delay the
global economic recovery.
https://www.investing.com/news/stock-market-news/asian-stocksdown-as-covid19-caution-continues-2591511
Oil Slumps With Delta Variant Surge Threatening Global Demand
Oil fell for a third consecutive day as Chinese economic data
disappointed and the spread of the delta coronavirus variant hurt
prospects for global demand. Fuel consumption has fallen for
three-straight weeks with the delta variant causing increased
infections and hospitalizations.
https://www.investing.com/news/commodities-news/oil-slumpswith-delta-variant-surge-threatening-global-demand-2591508
Australia’s central bank ready to act if lockdowns threaten
economy 
Australia’s central bank would be prepared to take policy action
should coronavirus lockdowns across the country threaten a
deeper economic setback, minutes from its August meeting
showed on Tuesday.
https://www.investing.com/news/economy/australias-centralbank-ready-to-act-if-lockdowns-threaten-economy-2591515
U.S. Treasuries’ foreign ownership in June rises to highest since
February 2020 – data 
Foreign holdings of U.S. Treasuries in June climbed to their highest
since February 2020, Treasury Department data showed on
Monday, in what analysts described as broad-based demand
that helped drive yields lower for the month.
https://www.investing.com/news/economic-indicators/ustreasuries-foreign-ownership-in-june-hit-highest-since-february2020–data-2591289