*Today’s News* *Economy* 1. Forex reserves up $21m https://www.brecorder.com/news/40350549/forex-reserves-up-21m 2. Jefferies Investors team meets Aurangzeb https://www.brecorder.com/news/40350557/jefferies-investors-team-meets-aurangzeb 3. Rupee drops to 279.72 against dollar https://www.thenews.com.pk/print/1287137-rupee-drops-to-279-72-against-dollar *Industry* 1. Private sector retires 48pc bank debt in a month https://www.dawn.com/news/1894799/private-sector-retires-48pc-bank-debt-in-a-month 2. Pakistan, UAE sign five MoUs https://www.brecorder.com/news/40350547/pakistan-uae-sign-five-mous 3. FY25 PSDP covers 1,071 projects, NA panel told https://www.brecorder.com/news/40350550/fy25-psdp-covers-1071-projects-na-panel-told 4. Pakistan, Brazil strengthen cotton sector ties with new MoU https://www.thenews.com.pk/print/1287129-pakistan-brazil-strengthen-cotton-sector-ties-with-new-mou 5. Wheat crop may fall below 28m tons https://tribune.com.pk/story/2531390/wheat-crop-may-fall-below-28m-tons *Energy* 1. Water, snow shortage: NPCC warns of lower hydel generation https://www.brecorder.com/news/40350556/water-snow-shortage-npcc-warns-of-lower-hydel-generation 2. MoE, affiliated depts: PD panel examines budget proposals for PSDP https://www.brecorder.com/news/40350551/moe-affiliated-depts-pd-panel-examines-budget-proposals-for-psdp 3. Govt yet to decide on fuel price deregulation https://www.thenews.com.pk/print/1287284-govt-yet-to-decide-on-fuel-price-deregulation *Politics/General* 1. Federal Cabinet undergoes major expansion https://www.brecorder.com/news/40350560/federal-cabinet-undergoes-major-expansion 2. Police blockades, road closures: TTAP manages to hold final round of grand moot https://www.brecorder.com/news/40350559/police-blockades-road-closures-ttap-manages-to-hold-final-round-of-grand-moot 3. Attack on military installations on May 9th: SC questions ‘identification’ of culprits https://www.brecorder.com/news/40350545/attack-on-military-installations-on-may-9th-sc-questions-identification-of-culprits *International* 1. Trump vows March 4 tariffs for Mexico, Canada; China faces extra 10% https://www.brecorder.com/news/40350448/trump-vows-march-4-tariffs-for-mexico-canada-china-faces-extra-10 *Commodities* 1. Oil climbs more than 2% after Trump cancels Chevron's Venezuela licence https://www.reuters.com/business/energy/oil-prices-climb-2-month-lows-trump-axes-chevrons-venezuela-license-2025-02-27/ *Movement in major commodities:* *Energy* Arab light (USD/bbl): 77.1 (-0.4% D/D) Brent crude (USD/bbl): 73.6 (+1.8% D/D) R-Bay coal (USD/ton): 89.6 (-0.7% D/D) *Metals* Gold (USD/oz): 2896 (-1.2% D/D) HRC (USD/ton): 466 (0% D/D) Rebars (USD/ton): 451 (+0.4% D/D) *Fertilizer as of 27-Feb* Urea (USD/ton): 389 (-2.5% D/D) DAP (USD/ton): 600 (-0.7% D/D) *Chemicals as of 27-Feb* PVC-Ethylene (USD/ton): 258.8 (-8.5% W/W) PTA-PX (USD/ton): 93.8 (-6.6% W/W) *Exchange Rate* PKR/USD: 279.72 (+0% D/D) PKR/GBP: 354.44 (+0.2% D/D) PKR/EUR: 292.93 (-0.2% D/D) PKR/JPY: 1.87 (+0.2% D/D) *Fixed Income* PKRV 3M : 11.84 (0% D/D) PKRV 6M: 11.73 (+0.085% D/D) PKRV 12M: 11.63 (0% D/D) PKRV 3YR: 11.78 (-0.085% D/D) PKRV 5YR: 12.24 (0% D/D) PKRV 10YR: 12.26 (0% D/D) *Equity Markets* KSE 100 (Pakistan): 113784pts (-0.1% D/D) DJIA (USA): 43240pts (-0.4% D/D) S&P 500 (USA): 5862pts (-1.6% D/D) MSCI EM: 1124pts (-1% D/D) *Optimus Research*