The State Bank of Pakistan announced that it will conduct a 7 day OMO (Reverse Repo) to inject funds into the market. Result is expected at 11:00 PST
Posted on: 2018-07-27T09:36:00+05:00
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SBP to Conduct 7 Day OMO
Most Recent
Key Pakistan Market Stats and Economic Indicators
| Weekly Performance | ||
|---|---|---|
| Jan 15, 2021 | Jan 08, 2021 | |
| PKR InterBank | 160.3320 | 160.1715 |
| KSE100 Index | 45,931.00 | 45,654.34 |
| Avg Daily Volume | 682,133,634 | 625,039,486 |
| Gold (Karachi) Rs/10 gm | 96,794 | 98,251 |
| KIBOR 6M | 7.36 | 7.36 |
| 10Y PIB | 10.20 | 10.01 |
| EUR | 1.2075 | 1.2217 |
| GBP | 1.3581 | 1.3566 |
| CHF | 0.8912 | 0.8853 |
| JPY | 103.79 | 103.866 |
| GOLD | 1827.5 | 1848.5 |
| NY Light Crude | 52.36 | 52.73 |
| Open Market Rates | ||
| Jan 15, 2021 | Jan 08, 2021 | |
| USD | 160.50 | 160.70 |
| EUR | 193.96 | 196.55 |
| GBP | 218.18 | 218.22 |
| JPY | 1.5474 | 1.5473 |
| AED | 43.74 | 43.79 |
| SAR | 42.86 | 42.91 |
| SBP Data | ||
| T-Bill Auction Cutoff Yield | Jan 13, 2021 | Dec 30, 2020 |
| 3M | 7.1691 | 7.1498 |
| 6M | 7.2002 | 7.2000 |
| 12M | Bids Rejected | 7.2900 |
| PIB Auction Cutoff Yield | Jan 06, 2021 | Dec 09, 2020 |
| 3Y | 8.4999 | 8.2400 |
| 5Y | 9.5298 | Bids Rejected |
| 10Y | 9.9900 | Bids Rejected |
| 15Y | Bids Rejected | 10.0000 |
| 20Y | Bids Rejected | 10.5800 |
| Interest Rate Corridor | Jun 26, 2020 | May 18, 2020 |
| SBP Policy Rate | 7.00 | 8.00 |
| SBP Reverse Repo Rate | 8.00 | 9.00 |
| SBP Repo Rate | 6.00 | 7.00 |
| Weekly Indicators | ||
| Jan 08, 2021 | Dec 31, 2020 | |
| SBP FX Reserves * | 13,400.00 | 13,412.30 |
| Bank FX Reseves * | 7,119.00 | 7,099.80 |
| Total FX Reserves * | 20,519.00 | 20,512.10 |
| Jan 14, 2021 | Jan 07, 2021 | |
| SPI (Combined Group) ** | 139.70 | 140.01 |
| Change - WoW (pct) | -0.22 | 0.06 |
| Change - YOY (pct) | 5.77 | 5.81 |
| Monthly Indicators | ||
| December | November | |
| Consumer Price Index (Base 2015-16) | 140.86 | 141.83 |
| Change - MOM (pct) | -0.68 | 0.82 |
| Change - YOY (pct) | 7.98 | 8.35 |
| WholeSale Price Index (Base 2015-16) | 149.79 | 149.28 |
| Change - MOM (pct) | 0.34 | -0.94 |
| Change - YOY (pct) | 5.67 | 5.00 |
| Sensitive Price Indicator (Base 2015-16) | 140.68 | 142.56 |
| Change - MOM (pct) | -1.32 | 1.47 |
| Change - YOY (pct) | 7.92 | 7.98 |
| December | November | |
| Exports * | 2,352.00 | 2,174.00 |
| Imports * | 5,035.00 | 4,311.00 |
| Trade Balance * | -2,683.00 | -2,137.00 |
| December | November | |
| Home Remittances * | 2,436.97 | 2,338.64 |
| November | October | |
| Total Foreign Investment * | -36.25 | 36.63 |
| November | October | |
| Current Account Balance * | 447.00 | 415.00 |
| FY21 | 1,640.00 | 1,193.00 |
| FY20 | -1,745.00 | -1,419.00 |
| November | October | |
| Large Scale Manufacturing Index | 147.32 | 145.36 |
| Change - MOM (pct) | 1.35 | 4.65 |
| Change - YOY (pct) | 14.45 | 7.38 |
| Quarterly Indicators | ||
| Sep 30, 2020 | Jun 30, 2020 | |
| Pakistan's External Debt * | 113,803.35 | 112,858.18 |
| Annual Indicators | ||
| FY20 | FY19 | |
| GDP Growth Rate | -0.38 | 1.91 |
| Agriculture | 2.67 | 0.58 |
| Manufacturing | -0.27 | 5.43 |
| Commodity Sector | -0.05 | -0.90 |
| Services Sector | -0.59 | 3.75 |
| Trade Balance * (July - June) | -23,183.00 | -31,805.00 |
| Worker Remittances * (July - June) | 23,120.97 | 21,739.40 |
| Foreign Investment * (July - June) | 2,038.21 | -54.80 |
| Annual Inflation Rate % (July - June) | 10.74 | 6.80 |
| * Amount in USD Million | ||
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Weekly Economic Roundup
January 17, 2021 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week.
- Imports into Pakistan during the month of December 2020 amounted to Rs. 801,162 million, showing an increase of 17.24% as against Rs. 683,354 million in November 2020 and 28.66% as compared to Rs. 622,709 million during December 2019.
- Exports from Pakistan during the month of December 2020 amounted to Rs. 378,792 million, showing an increase of 9.59% as compared to Rs. 345,640 million in November 2020 and 22.97% as compared to Rs. 308,032 million during December 2019.
- The gross sale of securities during the week ended January 08, 2021 was recorded at Rs.16.6 billion, which is around 747.7 percent higher than the figures recorded last week.
- The exports of Chemical and Pharmaceutical Products witnessed an increase of 17.92% YoY and a decline of 30.43% MoM to value at USD 89.974 million during the month of December 2020.
- During July-Dec FY21, the imports of the machinery group fell by 4.34% YoY to $4.24 billion. The biggest contributor to the import bill, in terms of value, is Telecom, which showed a significant surge of 36.8% to $1.15 billion. Within Telecom, the imports of Mobile Phones jumped significantly by 52% YoY to $938 million during 1HFY21.
- The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.22% during the week ended Jan 14, 2021 while the SPI increased by 5.77% compared to the corresponding period from last year.
- The exports of the food group witnessed a decline of 7.64% YoY to $2.03 billion during 1HFY21. While, imports of the food group into the country were recorded at $3.90 billion, up by 52% YoY in 1HFY21.
- Cement exports during the month of December 2020 declined by 8.58% YoY to USD 19.253 million from USD 21 million in Dec’19 due to the closure of ports and lower trade activity on the Pak-Afghan border as well as lower demand from international buyers given the pandemic situation.
- Pakistan’s textile exports during the month of December 2020, clocked in at $1.40 billion, up by 22.72% when compared with December 2019 and 9.20% when compared with November 2020.
- Prime Minister Imran Khan has approved little increase in the petroleum prices against the recommendations of the Oil and Gas Regulatory Authority. According to new prices, a raise of 3.2 rupees per liter was allowed in petrol, high-speed diesel 2.95 rupees per liter, Kerosene oil 3 rupees per liter, and light diesel 4.42 per liter.
- Pakistan's Forex Reserves increased by USD 6.90 Million or 0.03% and the total liquid foreign reserves held by the country stood at USD 20,519.00 Million on Jan 08, 2021.
- The Federal Government has released 319.56 billion rupees for various ongoing and new social sector uplift projects under the current year's Public Sector Development Programme.
- Moody’s Investors Service says in a new report that its stable outlook for Pakistan’s banking system reflects banks’ solid funding and liquidity, although a challenging – but improving – operating environment will weigh on asset quality and profitability.
- The overall output of LSMI increased by 7.41% for July-November 2020-21 compared to July-November 2019-20.
- The total money supply circulating within the economy in November 2020 has been recorded at around Rs.25.4 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan.
- The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Pak Rupees.13,000,000 (13 million) on PESCO on charges of negligence resulting in fatal incidents during the period of July to December 2019.
- The sale of passenger cars during the month of December 2020 was recorded at 11,247 units against a total production of 11,514 units, showing a decline of 5.6% as compared to the 11,914 units sold in November 2020, and a growth of 12.6% as compared to 9,987 units sold in December 2019.
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Exports of Pharma products and Surgical goods surge by...
January 15, 2021 (MLN): The exports of Chemical and Pharmaceutical Products witnessed an increase of 17.92% YoY and a decline of 30.43% MoM to value at USD 89.974 million during the month of December 2020.
The Chemical and Pharma products exported from Pakistan mainly include Plastic Materials, Pharmaceutical products and other Chemicals.
The major chunk of exports under Chemical and Pharma sector during the month was mainly from the Pharmaceutical products which contributed a total of 27.45% of the entire group exports. Total Pharma goods exported during the month under review clocked in at USD 24.7 million, showing a growth of 26.53% YoY and 1% MoM.
The second major component of exports under the Chemical and Pharma Group was Plastic Materials which contributed a total of 20% of the entire group earnings. Total Plastic Materials exported during the month recorded at USD 18 million, marking a significant decline of 39.5% YoY and 72.37% MoM.
On a cumulative basis, the exports of Plastic Material and Pharma products during 1HFY21 jumped by 7.86% YoY and 23.62% YoY to USD 164.43 million and USD 138.75 million as opposed to USD 152.45 million and USD 112.238 million recorded in 1HFY20 respectively.
Meanwhile, the exports of Surgical goods and Medical instruments during the month of December 2020 surged by around 10.33% YoY and dropped by 8% MoM to USD 35.62 million, compared to USD 38.73 million in the previous month and USD 32.28 million in December 2019.
Cumulatively, Surgical goods and medical instruments' export during 6MFY21 witnessed a minor increase of 3% YoY from USD 206.87 million recorded in Jul-Dec FY20 to USD 213.3 million, the latest data released by Pakistan Bureau of Statistic (PBS) showed.
On the import side, the imports of Medicinal products jumped to USD 99.87 million in December 2020 when compared with the import during December 2019 (USD 87.68 million), and November 2020 (USD 78.579 million), thus showing a growth of 13.9% YoY and 27% MoM respectively.
Furthermore, during 6MFY21, the imports of Medicinal products rose by 4.5% YoY to USD 538.94 million from USD 515.42 million reported in Jul-Dec FY20.
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Gold price remains static at Rs 112,900 per tola
January 15, 2021 (MLN): In the domestic bullion market, the price of 24 Karat gold on Friday remained unchanged and was traded at Rs 112,900 per tola.
According to the data provided by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also remained stationary at Rs 112,900.
On a similar note, the price of 24 karat silver tola and 10-gram silver tola remained static at Rs 1,300 and Rs 1,114.54, respectively.
In global markets, the gold prices reached US $1,847 per ounce, up by US$ 8, while silver was valued at US $25.30 an ounce.
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Mobile phone imports surge by 52% YoY to $938...
January 15, 2021 (MLN): The import bill of the Machinery group increased by 18.16% MoM and 1.76% YoY to clock in at $867 million in the month of December 2020.
According to the data issued by the Pakistan Bureau of Statistics (PBS), the major portion of import was associated with Telecom in terms of value, showing an increase of 59% MoM and 26.32% YoY to stand at $258 million during Dec’20. This was followed by the imports of Power Generating Machinery which were recorded at $152 million, up by 49% YoY, Electrical Machinery & Apparatus with $126 million in Dec’20.
The imports of Mobile Phones under the head of Telecom witnessed a considerable 82.5% YoY and 29.28% MoM increase to $214 million during the month under review.
During July-Dec FY21, the imports of the machinery group fell by 4.34% YoY to $4.24 billion. The biggest contributor to the import bill, in terms of value, is Telecom, which showed a significant surge of 36.8% to $1.15 billion. Within Telecom, the imports of Mobile Phones jumped significantly by 52% YoY to $938 million during 1HFY21.
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