Weekly Economic Roundup

September 10, 2022 (MLN):The weekly economic roundup summarizes the country's key economic and financial data for the week from various sectors to keep an eye on next week's trends.

• The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.58% during the week ended Sep 08, 2022 while the SPI increased by 42.7% compared to the corresponding period from last year.
• From the inflows from International Monetary Fund (IMF) under Extended Fund Facility (EFF) Program, the total liquid foreign exchange reserves held by the country surged by $1.07 billion or 8% WoW to stand at $14.47bn during the week ended on September 02, 2022.
• The State Bank of Pakistan (SBP) on Wednesday raised Rs817 billion through the auction of three, six, and twelve-month T-bills against the target of Rs1 trillion.
• The Government of Pakistan and Asian Infrastructure Investment Bank (AIIB)on Wednesday signed an advance loan agreement worth $1.6 million for the "Lahore Water and Wastewater Management Project".
• The total debt of the central government surged by 26.7% YoY to Rs50.5 trillion as of July 2022, compared to Rs39.9tr in July 2021.
• The cumulative outflows from the National Savings Schemes (NSS) in FY22 were recorded at Rs358.8 billion, mainly due to the restrictions imposed on financial institutions to invest in these schemes.
• Foreign exchange inflows through Roshan Digital Account (RDA)  reached $4.98 billion by August 2022 since its launch in September 2020.
• The Central Directorate of National Savings (CDNS) on Monday collected the target of issuing Rs220 billion fresh bonds in 2MFY23.
• Cement despatches declined by 24% in August 2022 to 3.3 million tons against 4.34mn tons during the same month last fiscal year.
• In the wake of unprecedented floods which have resulted in in a loss of nearly $9.3 billion, the government of Pakistan revised the GDP target to 2.3% against the IMF forecast of 3.5%.
• Cotton arrivals at the ginneries as of September 1, 2022, posted a decline of 14.04% as it has dropped to 1.54 million bales, compared to the arrival of 1.79mn bales till September 01, 2021.

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