Weekly Economic Roundup

MG News | February 20, 2022 at 06:52 AM GMT+05:00
February 20, 2022 (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.
- Amid soaring car prices and interest rates, automobile financing in Pakistan has dropped by 0.4% MoM to Rs352.2 billion in January 2022, after continuously increasing since July 2020.
- The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on February 17, for the combined consumption group, witnessed a slight increase of 0.22 percent as compared to the previous week.
- The total liquid foreign exchange reserves held by the country dropped by $231 million or 0.96% WoW to stand at $23.49 billion during the week ended on February 11, 2022, compared to $23.72bn in the previous week.
- Pakistan’s foreign direct investment (FDI) dropped by 50% MoM to $110 million in January 2022.
- Pakistan’s Large Scale Manufacturing Industries (LSMI) production grew by 16.7 percent during December 2021 compared to the previous month of November 2021.
- Pakistan’s cotton production surged by 32.4% to 7.43 million bales up to February 15, 2022, as opposed to 5.62 million bales produced in the same period of last year.
- Pakistan’s textile exports have touched a historic high of $11bn during 7MFY22, up by 25% YoY.
- The import bill of oil was recorded at $1.5 billion during January 2022, depicting an upsurge of 74.19% YoY but down by 15.96% MoM, touching a historic high of $11.96bn, up by 2x YoY during the July-Jan FY22 amid 74% YoY jump in Arab Light prices along with 25% YoY volumetric growth.
- With a view to further facilitate exporters and encourage timely inflow of export proceeds, the State Bank of Pakistan has enhanced the scope of Export Finance Scheme (EFS) – both conventional as well as Sharia-based.
- The State Bank of Pakistan (SBP) has raised Rs99.5 billion on Wednesday, against the target of Rs100 billion by selling fixed-rate Pakistan Investment Bonds (PIBs).
- The Federal Cabinet has approved the 3rd Textiles and Apparel Policy aiming to consolidate the growth already achieved in the textile sector.
- The government on Tuesday decided to increase the price of petroleum products by up to Rs12.03 per litre owing to the surge in international oil prices.
- Due to the revolutionary initiatives introduced by the central bank, the e-banking transactions were recorded at around $500 billion during the last fiscal year (2020-21).
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
BKTi | 37,831.34 13.04M | 1.62% 603.62 |
OGTi | 27,440.63 3.93M | -0.09% -23.70 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,090.00 | 118,195.00 117,905.00 | 470.00 0.40% |
BRENT CRUDE | 73.47 | 73.63 71.75 | 0.96 1.32% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 70.28 | 70.33 70.18 | 0.28 0.40% |
SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|