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Central Government domestic debt jumps by 13% YoY in...

January 18, 2021 (MLN): The total debt of the Central Government during the month of November 2020 surged by Rs. 3.69 trillion or 11% YoY to stand at Rs. 35.82 trillion when compared to Rs 32.13 trillion recorded in November 2019.

On a monthly basis, the central government debt increased by 1% against Rs. 35.5 trillion reported in October 2020.  

The data released by the State Bank of Pakistan (SBP) shows that the larger portion of the debt was domestic, whereas the remaining was external. The Central Government Domestic Debt amounted to Rs. 24.11 trillion during the month, signifying a growth of around 13% YoY, comprising of Rs. 19.1 trillion long term debt and Rs. 5 trillion short term debt.

By the end of November 2020, the government’s long-term debt increased by 1.62% MoM while on yearly basis, it surged by 15% when compared to Rs. 16.6 trillion at the end of November 2019.

The short-term debt increased by 4% YoY while on monthly basis, it remained the same when compared with the previous month.

Within the long-term domestic debt, the Pakistan Investment Bonds (PIBs) accounted for Rs. 14 trillion, and Saving Schemes accounted for Rs. 3.525 trillion. While in the short-term domestic debt, Market Treasury Bills amounted to Rs. 5 trillion.

A breakup of the Central Government External Debt shows that nearly Rs.11.58 trillion came from long-term loans while Rs. 122.8 billion came from short-term loans.

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SNGPL assures uninterrupted supply of gas to export sector

January 18, 2021: All Pakistan Textile Mills Association (APTMA) Chairman Adil Bashir has thanked SNGPL for uninterrupted supply of gas to export oriented sectors.

He welcomed the appointment of Syed Ali Javaid Hamdani, as the new Managing Director SNGPL and expressed the hope that he would personally ensure supply of gas at normal pressure to the export industry to enable it in the creation of additional jobs, attracting new investment and uplifting exports of the country.

He stated this in a meeting of APTMA delegation with the newly-appointed MD of SNGPL on Monday. Chairman APTMA Punjab Abdul Rahim Nasir and other office bearers of the Association were also present on this occasion.

During the meeting, Adil Bashir pointed out the ongoing extreme low gas pressure across the province of Punjab, saying that the productivity of the export-oriented industry was being compromised due to this single factor.

He also urged the new MD of the Company to revise/withdraw the adhoc bills after verifying the actual gas consumption of those industries having switched over to other energy sources.

He also took up the issue of extension of load applications by the industry to the Company and stressed for expeditious processing of those applications as well as the applications for change of gas connection from Industrial to Captive.

APTMA delegation apprised that sustained supply of gas / RLNG was essential to maintain the momentum of enhanced exports as currently, the textile industry is working at full capacity. The exports orders for the next 6 months are booked and there is a continuous upward trend despite the COVID pandemic. Abdul Rahim Nasir informed SNGPL management that unprecedented growth of 23% in exports of Textile products from Pakistan during December 2020, despite adverse effects of Covid 19 was only made possible due to the support by the Government and all state institutions especially energy supplying institutions like SNGPL. He added that textile sector is currently in the mode of rapid expansion to cater to increased orders and demands. It is essential to sustain this momentum which is being facilitated by the upcoming Textile Policy.

Managing Director, SNGPL appreciated the outstanding performance of Textile sector in the economy of the country in general and exports in particular.   He assured full support of his organization to the exports sector and assured APTMA that despite grave shortage of gas in the country, SNGPL would adopt all possible measures to maintain continuous supply of gas to textile mills at normal pressure. He expressed his hopes that APTMA would continue its endeavors to uplift exports of the country and requested APTMA to remain in contact with him and his team in case any facilitation was required from SNGPL in smooth operations of exporting mills.

PSX Closing Bell: Serenity is far away

January 18, 2021 (MLN): The KSE-100 index ended first session of the week with a loss of 204 points to close at the 45,726-index level, concluding today’s lackluster performance down by 0.44% DoD.

The choppy behavior of the market was due to the lack of positive triggers and falling international crude oil prices as Arab light is currently hovering at USD 54.45/bbl, down by 1% DoD.

According to the market closing note by Ismail Iqbal Securities, Commercial Banks remained in limelight as deposits hit 18-year high with healthy dividend payout expectations.

The Index traded in a range of 354.41 points, showing an intraday high of 46,066.48 and a low of 45,712.07.

Of the 97 traded companies in the KSE100 Index 28 closed up 67 closed down, while 2 remained unchanged. Total volume traded for the index was 285.14 million shares.

Sector wise, the index was let down by Oil & Gas Exploration Companies with 115 points, Oil & Gas Marketing Companies with 34 points, Power Generation & Distribution with 32 points, Cement with 30 points and Food & Personal Care Products with 15 points.

The most points taken off the index was by PPL which stripped the index of 42 points followed by OGDC with 40 points, HUBC with 34 points, POL with 28 points and LUCK with 22 points.

Sectors propping up the index were Technology & Communication with 60 points, Commercial Banks with 22 points, Miscellaneous with 12 points, Vanaspati & Allied Industries with 7 points and Close - End Mutual Fund with 3 points.

The most points added to the index was by TRG which contributed 74 points followed by UBL with 28 points, FABL with 13 points, SHFA with 12 points and HMB with 10 points.

All Share Volume increased by 12.58 Million to 543.65 Million Shares. Market Cap decreased by Rs.43.87 Billion.

Total companies traded were 427 compared to 412 from the previous session. Of the scrips traded 163 closed up, 245 closed down while 19 remained unchanged.

Total trades increased by 8,521 to 162,933.

Value Traded increased by 3.81 Billion to Rs.21.66 Billion


Top Ten by Volume

TRG Pakistan47,593,500
Fauji Foods44,616,500
Hum Network23,691,500
Unity Foods21,084,818
Jahangir Siddiqui & Co. Ltd.20,909,000
Pakistan Refinery18,531,000
Worldcall Telecom18,273,500
Kot Addu Power Company16,004,500
Faysal Bank15,356,500



Top Sector by Volume

Technology & Communication106,985,300
Power Generation & Distribution61,701,113
Food & Personal Care Products60,168,420
Commercial Banks55,135,319
Inv. Banks / Inv. Cos. / Securities Cos.36,742,009
Textile Composite27,012,370
Vanaspati & Allied Industries21,096,618



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Gold price increases by Rs 150 per tola on...

January 18, 2021 (MLN): The price of 24 karat gold in the domestic market rose by Rs 150 to Rs 112,550 per tola on Monday against the price of Rs 112,400 per tola reported in the previous session.

According to the data provided by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also increased by Rs 128 to Rs 96,493 against the price of Rs 96,365 reported in the previous session.

On the other hand, 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 the international markets, the gold prices went up by US $5 and traded at US $1,834 per ounce while silver was valued at US $24.92 an ounce.

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PKR depreciates by 19 paisa at interbank trade

January 18, 2021 (MLN): Pakistani rupee (PKR) depreciated by 19 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.52 per USD, against last session's closing of PKR 160.33 per USD.

The rupee traded within a very narrow range of 12 paisa per USD showing an intraday high bid of 160.50 and an intraday Low offer of 160.42.

Within the Open Market, PKR was quoted at 160.20/161.00 per USD.

Alternatively, the currency gained 1.5 rupees against the Pound Sterling as the day's closing quote stood at PKR 217.37 per GBP, while the previous session closed at PKR 218.9 per GBP.

Similarly, PKR's value strengthened by 62 paisa against EUR which closed at PKR 193.86 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.72.4 billion for 4 days at 7.05 percent.

The overnight repo rate towards close of the session was 7.10/7.20 percent, whereas the 1 week rate was 7.05/7.10 percent.

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