September 12, 2021 (MLN): The latest weekly roundup is here to update few financial and economic releases, providing a guide to monitor trends in the upcoming week.

• The sale of passenger cars has surged by 80% YoY to clock in at 17,899 units during the month of August 2021 as compared to 9,885 units sold in August 2020.
• Workers’ remittances continued their strong trend, reaching $2.66 billion in August 2021. This is the sixth consecutive month when inflows recorded around $2.7 billion on average, and the fifteen consecutive months they have been above $2 billion.
• Pakistan's Forex Reserves decreased by USD 125.10 Million or 0.46% and the total liquid foreign reserves held by the country stood at USD 27,102.60 Million on Sep 03, 2021.
• MSCI Inc, a leading provider of critical decision support tools and services for the global investment community, announced yesterday that it has decided to downgrade Pakistan from Emerging Markets (EM) to Frontier Markets (FM).
• Sazgar Engineering Works Limited (SAZEW) sold 1,242 units of three-wheelers during the month of August’21, i.e., around 50% higher than the sales of 829 units made in the previous month.
• The total money supply circulating within the economy during the first month of FY22 has been recorded at around Rs27.56trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan.
• The Central Director of National Savings (CDNS) has received a fresh deposit of Rs 160 billion in the last two months from July 1 to August 31, in the current fiscal year 2020-21.
• The government of Pakistan has accumulated Rs.47.13 billion during the week ended August 27, 2021, which brings its total net retirement for the ongoing fiscal year FY2022 to Rs.259.67 billion. As of the prior week, the government had retired a net sum of Rs.306.81 billion.
• The non-government sector has borrowed another net sum of Rs.45.22 billion during the week ended August 27, 2021, which brings the cumulative net borrowing for the ongoing fiscal year FY2022 to Rs.606.62 billion. The net borrowing as of the prior week was recorded at Rs.561.4 billion.
• The total Deposits held by Commercial Banks have shown a growth of 18% YoY to reach Rs19.2 trillion in Aug’21, compared to Rs16.32tn in the same month of last year on account of strong overseas inflows.
• Foreign Exchange inflows through Roshan Digital Accounts (RDA) reached $2.114 billion by end of August.
• Federal Government has released Rs.392.686 billion out of the total allocation of Rs 900 billion for various ongoing and new social sector uplift projects to date under its Public Sector Development Programme (PSDP) 2021-22.
• Investors withdrew Rs26.115billion on a net basis from National Savings Schemes (NSS) during the month of July’21 compared to the outflow of Rs1495bn in the same month last year, Central bank data showed on Monday.
• Federal Board of Revenue (FBR) issued Rules for licensing of IT Service Providers, rendering IT services to retailers undergoing integration with FBR vide SRO 1063 (I)/2021 dated 24th August.
• The total debt of the Central Government during the first month of FY22 surged by Rs4.3trillion or around 12% YoY to stand at Rs39.87tr when compared to Rs35.5tr recorded in Jul FY21.
• Pakistan’s exports to China escalated by2x YoY to clock in at $197.27mn during August’21, compared to $94mn in August’20.
• The Indicative Generation Capacity Expansion Plan (IGCEP) 2021-30 has been approved today by the Council of Common Interest (CCI).

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