August 22, 2021 (MLN): The latest weekly roundup covers the latest economic and financial data releases over the past week to keep an eye on next week's trends. 

• Pakistan's Forex Reserves increased by USD 24.10 Million or 0.1% and the total liquid foreign reserves held by the country stood at USD 24,668.10 Million on Aug 13, 2021.
• Pakistan’s current account balance (CAB) posted a deficit of $773million in July 2021, compared to a surplus of $583mn in the corresponding month last year.
• Pakistan’s trade deficit in services narrowed by 26% YoY to $232 million during the first month of the fiscal year 2021-22 i.e., July’21, from a deficit of $315mn recorded in the same month last fiscal year.
• Pak Rupee's Real Effective Exchange Rate Index (REER) decreased by 0.39 percent in July 2021 to a provisional value of 99.42 from the revised value of 99.81 in June 2021.
• Central Power Purchasing Agency (CPPA) proposed an increase of Rs1.4687/kWh over the reference fuel charges of Rs5.2798/kWh under fuel price adjustment for the month of July 2021 for Ex-WAPDA Discos.
• The overall power generation climbed by 6.6% YoY to 15,680 gigawatt-hours (GWh) during the month of July’21 compared to 14,711 GWh during July’20.
• The Asian Development Bank (ADB) approved a $235 million loan to further upgrade a national highway in Pakistan that is crucial to regional connectivity and strengthen the government’s operation and maintenance of its national highway network.
• Airlift Technologies, a pioneer in the recent wave of technology businesses, built by local entrepreneurs and for local populations, has announced $85 Million Series B financing led by some of the most iconic investors on the globe.
• The net Foreign Direct Investment (FDI) in Pakistan was recorded at $89.9 million in the first month of the fiscal year 2021-22 i.e., July’21.
• Singapore remained the top foreign direct investor in Pakistan, with a total investment of $16.4 million in the first month of FY22 i.e, July’21.
• The non-government sector has borrowed another net sum of Rs.11.31 billion during the week ended August 06, 2021, which brings the cumulative net borrowing for the ongoing fiscal year FY2022 to Rs.582.87 billion.
• The government of Pakistan has retired an additional sum of Rs.138.05 billion during the week ended August 06, 2021, which brings its total net retirement for the ongoing fiscal year FY2022 to Rs.353.95 billion.
• The Pakistan Customs has processed the first fresh mango (White Chaunsa) consignment for export to Moscow, Russia under the TIR Convention.
• Amid rising industrial activities and improved performance of Oil, the Large Scale Manufacturing Index (LSMI) has enhanced by 15%YoY during FY21.
• Roshan Digital Account deposits crossed the historical milestone of USD2 billion in just eleven months, the State Bank of Pakistan tweeted on Sunday. On August 13, just before Independence Day, the cumulative deposit inflows reached USD2.004bn.  

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