*Today’s News* *Economy* 1. Talks on $1.5bn climate resilience funding begin https://epaper.brecorder.com/2025/02/25/1-page/1029745-news.html 2. SBP’s November FX purchases stand at over $1bn https://mettisglobal.news/sbps-november-fx-purchases-stand-at-over-1bn/#:~:text=february%2024%2C%202025%20(mln)%3A,bn%20in%20the%20previous%20month. 3. THE RUPEE PKR: marginal decline https://epaper.brecorder.com/2025/02/25/1-page/1029751-news.html *Industry* 1. SHC vacates stay on cement makers’ plea against penalties imposed by competition commission https://www.thenews.com.pk/print/1286235-shc-vacates-stay-on-cement-makers-plea-against-penalties-imposed-by-competition-commission 2. Medical devices, pharmaceuticals: FPCCI proposes cut in duty on raw materials https://epaper.brecorder.com/2025/02/25/4-page/1029778-news.html 3. Pak Suzuki hikes car prices by up to Rs120,000 https://www.brecorder.com/news/40349767/pak-suzuki-hikes-car-prices-by-up-to-rs120000 4. Sale of EV charging piles and stations: Chinese firm, E-Trade Nexus sign agreement https://epaper.brecorder.com/2025/02/25/4-page/1029787-news.html *Energy* 1. Non-compliant IPPs, plants to face forensic audit https://epaper.brecorder.com/2025/02/25/1-page/1029743-news.html 2. Govt eyes Rs8 per unit power tariff cut in two months https://www.thenews.com.pk/print/1286278-govt-eyes-rs8-per-unit-power-tariff-cut-in-two-months 3. LNG imports force closure of local gas fields https://tribune.com.pk/story/2530668/lng-imports-force-closure-of-local-gas-fields 4. Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy https://epaper.brecorder.com/2025/02/25/1-page/1029749-news.html 5. Mohmand hydel project to start generation in two years https://www.dawn.com/news/1894173/mohmand-hydel-project-to-start-generation-in-two-years *Companies* 1. PSO and SOCAR to set up JV firm in Singapore https://epaper.brecorder.com/2025/02/25/12-page/1029853-news.html 2. Production bonus: Panel raises its concerns over OGDCL’s ‘failure’ https://epaper.brecorder.com/2025/02/25/3-page/1029763-news.html 3. SSGC: SIFC approves deal for resuming LPG production https://tribune.com.pk/story/2530666/sifc-approves-deal-for-resuming-lpg-production *Politics/General* 1. SC to hear Imran’s pleas on ‘poll rigging’, May 9 mayhem on 28th https://www.thenews.com.pk/print/1286284-sc-to-hear-imran-s-pleas-on-poll-rigging-may-9-mayhem-on-28th *Commodities* 1. Oil prices steady https://epaper.brecorder.com/2025/02/25/9-page/1029825-news.html *Movement in major commodities:* *Energy* Arab light (USD/bbl): 80.6 (0% D/D) Brent crude (USD/bbl): 74.3 (+0.4% D/D) R-Bay coal (USD/ton): 92 (-1% D/D) *Metals* Gold (USD/oz): 2963 (+0.3% D/D) HRC (USD/ton): 466 (0% D/D) Rebars (USD/ton): 455 (0% D/D) *Fertilizer as of 24-Feb* Urea (USD/ton): 400 (+0.9% D/D) DAP (USD/ton): 605.1 (+0.9% D/D) *Chemicals as of 24-Feb* PVC-Ethylene (USD/ton): 282.8 (+6.8% W/W) PTA-PX (USD/ton): 102.1 (+7% W/W) *Exchange Rate* PKR/USD: 279.66 (+0% D/D) PKR/GBP: 353.52 (-0.2% D/D) PKR/EUR: 293.17 (-0.1% D/D) PKR/JPY: 1.87 (+0.8% D/D) *Fixed Income* PKRV 3M : 11.81 (+0.17% D/D) PKRV 6M: 11.72 (+0.257% D/D) PKRV 12M: 11.6 (0% D/D) PKRV 3YR: 11.79 (-0.085% D/D) PKRV 5YR: 12.25 (0% D/D) PKRV 10YR: 12.28 (+0.081% D/D) *Equity Markets* KSE 100 (Pakistan): 114330pts (+1.4% D/D) DJIA (USA): 43461pts (+0.1% D/D) S&P 500 (USA): 5983pts (-0.5% D/D) MSCI EM: 1136pts (-1% D/D) *Optimus Research*