Weekly Economic Roundup

September 8, 2019 (MLN):  The outgoing week was host to a number of economic data releases that sketch a clear picture of the country’s economical and financial standing at present. Listed below are all the updates on Pakistan’s present economic situation.

• Pakistan's Yearly Inflation rate in August 2019 was 10.50 percent according to the new base for CPI Calculation (2015-16).
• The non-government sector borrowed a net sum of Rs.28.69 billion during the week ended August 30, 2019, which brings the cumulative net retirement for ongoing fiscal year FY2020 to Rs.98.82 billion. The net retirement as of prior week was recorded at Rs.127.51 billion.
• The government of Pakistan has acquired a net debt of Rs.126.49 billion during the week ended August 30, 2019, which brings its total net borrowing for ongoing fiscal year 2020 to Rs.12.42 billion. As of prior week, the government had retired a net sum of Rs.114.07 billion.
• Pakistan's Forex Reserves decreased by USD 10.20 Million or 0.07% and the total liquid foreign reserves held by the country stood at USD 15,619.50 Million on Aug 30, 2019.
• The overseas investors continued to exhibit interest in local equity markets, as the total purchase of securities through Special Convertible Rupee Account (SCRA) for the week ended August 30, 2019, stood at Rs.18.1 billion, which is 22.6 percent higher than the prior week.
• Profits and dividends repatriated by multinational companies operating in Pakistan during the month of July 2019 rose to $138.2 million from $136.7 million in the same period last year.
• Cotton bales equivalent to 1.4 million reached ginneries all over Pakistan as of September 03, 2019.
• The government has borrowed Rs 3.44 trillion to finance its budget deficit during FY 2018-19.
• The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.18% during the week ended Aug 29, 2019 while the SPI increased by 19.44% compared to the corresponding period from last year.

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