April 03, 2022 (MLN): The financial highlights of the country are brought to light with the economic and financial data releases over the course of the week.

• Pakistan’s total public debt continued to snowball as it increased by Rs17.79 trillion during the current government to stand at Rs42.75tr till December 2021 from Rs24.95tr by the end of FY2018.
• The Federal Board of Revenue (FBR) has collected net revenue of Rs4,382 billion during 9MFY22, which has exceeded the target of Rs247bn.
• Pakistan's Yearly Inflation Rate (New Base 2015-16) in March 2022 was 12.72 percent compared to 12.24 percent in February 2022 and 9.1 percent in March 2021.
• The weekly Sensitive Price Indicator (SPI) for the combined consumption group witnessed an increase of 0.53% for the week ended on March 31, 2022.
• Pakistan’s exports during March 2022 grew by 17.3% to $2.773 billion as compared to $2.365 billion in March 2021.
• Roshan Digital Account (RDA) had one of its best months ever in March, with deposits of $290 million and 23,312 new accounts.
• The National Electric Power Regulatory Authority (NEPRA) has notified an Rs3.278 per unit increase in the power tariff for the electricity consumers of K-Electric (KE) on an account of the variation of fuel adjustment (FCA) for the month of January 2022.
• The total money supply circulating within the economy during the month of February 2022 has been recorded at around Rs28 trillion, according to provisional accounts on Monetary Aggregates for the month.
• The government has decided to keep the petroleum products prices unchanged till April 15. The current price of petrol stands at Rs149.86 per litre, whereas the per-litre prices of high-speed diesel, kerosene oil, and light diesel stand at Rs144.15, Rs125.56, and Rs118.31, respectively.
• The total liquid foreign exchange reserves held by the country dropped by a massive $2.885 billion or 13.5% WoW to stand at the lowest level of $18.54billion since June 26, 2020, during the week ended on March 25, 2022, compared to $21.44bn in the previous week.
• The Federal Government has released Rs575.95 billion out of total allocation of Rs834 billion for various ongoing and new social sector uplift projects of the federal ministries and division in first eight months (July-Feb) of fiscal year 2021-22 under its Public Sector Development Programme (PSDP).
• To buttress the efforts of economic stabilization, the government of Pakistan has been in communication with the Chinese authorities for the roll-over/refinancing of all ongoing facilities worth $4.3 billion upon their maturity.
• The government has so far released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects under the Public Sector Development Programme (PSDP 2021-22) against total allocation of Rs 3,249.54 million.
• Repatriation of profit and dividends by foreign investors jumped by 9% YoY during the first eight months of this fiscal year (FY22).
• The non-government sector has borrowed another net sum of Rs36.4 billion during the week ended March 11, 2022, which brings the cumulative net borrowing for the ongoing fiscal year FY2022 to Rs934.2 billion.
• The government of Pakistan has acquired an additional debt of Rs59.7 billion during the week ended March 11 2022, which brings its total net borrowing for the ongoing fiscal year 2022 to Rs173.12 billion.
• The prices of local rebar have been surged by Rs7,000 per ton, taking the new local rebar prices to Rs216,000 per ton and Rs214,000 per ton for deform and Xtreme rebars, respectively.
• The country’s overall nutrients offtake increased by 7.7% to 334,000 tonnes during February 2022 from 310,000 tonnes in the same month last year.

Copyright Mettis Link News

31836