MORNING SHOUT - 27TH AUG 2021

Pakistan wants to be treated like an ally, not a scapegoat
As the world begins to process the implications of the Taliban’s
takeover of Afghanistan, lots of people in Washington are pointing
fingers at Pakistan, a major non-Nato ally that hasn’t been seen as
an ally for a long time.
https://www.thenews.com.pk/print/883972-pakistan-wants-to-betreated-like-an-ally-not-a-scapegoat
Biden warns Kabul airport attackers: ‘We will hunt you down’
President Joe Biden, his voice breaking with emotion, vowed on
Thursday the United States would hunt down those responsible for
twin explosions at the Kabul airport in Afghanistan and said he
asked the Pentagon to develop plans to strike back at them.
https://www.brecorder.com/news/40116117/biden-warns-kabulairport-attackers-we-will-hunt-you-down
Budget deficit target missed 
The government has missed the budget deficit target for the last
fiscal year 2020-21 by one percent and closed the fiscal year with
7.1 percent deficit against budgeted target of seven percent of
the GDP, according to the Finance Ministry’s consolidated federal
and provincial fiscal operation.
https://www.brecorder.com/news/40116111/budget-deficittarget-missed
Textile exports decline 11.32pc MoM 
The country’s textile group exports declined by 11.32 percent on
month-on-month basis and remained $1.471 billion in July 2021
compared to $1.658 billion in June 2021, says the Pakistan Bureau
of Statistics (PBS).
https://www.brecorder.com/news/40116103/textile-exportsdecline-1132pc-mom
SBP reserves fall $47m to $17.58bn 
The foreign exchange reserves held by the central bank declined
0.3% on a weekly basis, according to data released by the State
Bank of Pakistan (SBP) on Thursday. On August 20, the foreign
currency reserves held by the SBP were recorded at $17,578.9
million, down $47 million compared with $17,625.9 million on
August 13.
https://tribune.com.pk/story/2317277/sbp-reserves-fall-47m-to1758b
Pakistan’s local mobile phone production surpasses imports: PTA
In a major development for Pakistan, the production of mobile
phones by local manufacturing plants has surpassed the number
of mobile phone imports, the national telecom regulator informed
on Thursday.
https://www.brecorder.com/news/40115916/pakistans-localmobile-phone-production-surpasses-imports-pta

US sends 3.7 million doses of Pfizer vaccine to Pakistan 
The US has provided 3.7 million doses of the Pfizer Covid-19
vaccine to Pakistan through the COVAX facility, following the
earlier announcement two days ago by a White House official.
https://www.brecorder.com/news/40115925/us-sends-37-milliondoses-of-pfizer-vaccine-to-pakistan
Technical talks on $3 billion PSGP project conclude 
The three-day technical talks between Pakistan and Russia on the
Pakistan Stream Gas Pipeline (PSGP) project to be laid down from
Karachi to Kasur ended here on Thursday with Moscow.
https://www.thenews.com.pk/print/883971-technical-talks-on-3-billion-psgp-project-conclude
Asian shares on edge as day of Fed chair speech arrives 
Asian shares were mixed on Friday morning as slight gains in China
were balanced by declines elsewhere and investors globally
turned cautious ahead of a long-awaited speech by Fed Chair
Jerome Powell.
https://www.investing.com/news/economy/asian-shares-onedge-as-day-of-fed-chair-speech-arrives-2601218
Oil Up, Producers Brace for Potential Gulf of Mexico Hurricane
Oil was up Friday morning in Asia, and is set to end the week on a
high note. Energy companies began shutting down production in
the Gulf of Mexico ahead of a potential hurricane forecast to hit
on the weekend, increasing concerns about the near-term supply
disruption.
https://www.investing.com/news/commodities-news/oil-upproducers-brace-for-potential-gulf-of-mexico-hurricane-2601233
Apple strikes App Store deal with small developers as it waits for
‘Fortnite’ ruling 
Apple Inc on Thursday agreed to loosen App Store restrictions on
small developers, striking a deal in a class-action lawsuit as the
iPhone maker awaits a ruling by the same judge in a separate
App Store dispute brought by the developer behind “Fortnite.”
https://www.investing.com/news/economy/apple-strikes-appstore-deal-with-small-developers-as-it-waits-for-fortnite-ruling2601236
Slowing China industrial profit growth bolsters policy support hopes
Profit growth at China’s industrial firms in July slowed for the fifth
straight month, adding to growing evidence of a loss of
momentum in the world’s second-biggest economy and bolstering
the case for maintaining policy support for a while longer.
https://www.investing.com/news/economic-indicators/chinasindustrial-profits-in-july-grow-164-yy-2601209