November 7, 2021 (MLN): The weekly economic roundup summarizes the country's key economic and financial data for the week from various sectors to keep an eye on next week's trends.

• Pakistan LNG (PLL) on Friday received three bids for Liquefied Natural Gas (LNG) supply during November, news reports showed on Friday.
• The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.67% during the week ended Nov 04, 2021, while the SPI surged by 15.2% compared to the corresponding week from last year.
• The government has increased the price of petrol by Rs 8.03 per litre. The new price of petrol has been fixed at Rs145.82 per litre for the next fortnight, as per the announcement by Finance Ministry.
• The total liquid foreign reserves held by the country stood at US$ 23,925.9 million on October 29, 2021.
• The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved technical Supplementary grants worth of US$ 190 million to National Disaster Management Authority (NDMA) for procurement of vaccines including transportation and handling charges.
• Cement despatches declined by 9.07 percent in October 2021. Total Cement despatches during October 2021 were 5.214 million tons against 5.735 million tons despatched during the same month of last fiscal year.
• The total money supply circulating within the economy during the third month of FY22 has been recorded at around Rs27.86trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan.
• The Oil and Gas Development Company Limited (OGDCL) has injected four operated wells, producing 69,770 barrels (BBL) crude oil and 184 million cubic feet (MMCF) gas, in its production gathering system during first quarter of the current fiscal year.
• National Electric Power Regulatory Authority (NEPRA) on Wednesday approved the Winter Package of Rs12.96 per unit on incremental consumption for residential, commercial and general services consumers as proposed by the Ministry of Energy.
• Prime Minister Imran Khan has announced a historic relief package of 120 billion rupees to provide essential commodities to twenty million families at subsidized rates.
• The country’s cotton production surged by 81.24% YoY to 6.257 million bales as of November 01, 2021, a fortnightly report released by Pakistan Cotton Ginners Association (PCGA) showed.
• Pakistan's merchandise trade deficit for the month of October 2021 clocked in at $3.9billion compared to a deficit of $1.79bn in the corresponding month last year, depicting a growth of 117.2% YoY.
• EX-WAPDA power distribution companies (DISCOs) have submitted a petition with National Electric Power Regulatory Authority (NEPRA) and sought recovery of Rs20.35 billion under the 4th quarter of FY2020-21 i.e April to June 2021 on account of variation in the power purchase price.
• Pakistan’s exports in October 2021 grew by 17.5% to $2.471 billion as compared to $2.104bn in Oct 2020.
• Pakistan’s textile exports touched a historic high level of US$6.04 billion during July-October FY 2021-22, depicting a yearly growth of 26.86% against the textile exports of US$4.76bn in the same period last year.
• The overall sales volume of the Oil and Marketing industry has increased by 17% YoY to stand at 1.99MTs during the month of October’21 as compared to 1.69MTs in the same month a year ago. 
• The government has so far released funds amounting to Rs1,624.770 million to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector.
• Pakistan’s non-energy import bill shrank by 12.5% in Oct 2021, i.e. by $624 million, compared to Sept 2021.
• Oil and Gas Regulatory Authority (OGRA) on Monday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of November, increasing the commodity price by Rs155.8 per 11.8-KG cylinder.
• Pakistan's Yearly Inflation Rate (New Base 2015-16) in October 2021 was 9.19 percent compared to 9.0 percent in September 2021 and 8.9 percent in October 2020.

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