Weekly Economic Roundup

April 17, 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. 

  • Large Scale Manufacturing Industries (LSMI) production has inched up by 4.6% during 8MFY22, as the LSMI Quantum Index Number (QIM) was recorded at 156.9 points against 150 points in 8MFY21.
  • The Central Directorate of National Savings (CDNS) on Friday attained Rs 870 billion fresh bonds in the last seven months of the current fiscal year 2021-22 from July 1st to April 14.
  • The weekly Sensitive Price Indicator (SPI) for the combined consumption group recorded a decline of 0.68% for the week ended on April 14, 2022, mainly due to a decrease observed in the prices of essential food items.
  • The total liquid foreign exchange reserves held by the country dropped by $449 million or 2.6% WoW to stand at the lowest level of $17bn since June 19, 2020, during the week ended on April 08, 2022, compared to $17.5bn in the previous week.
  • With $2.8 billion of inflows during March 2022, workers' remittances continued their unprecedented run of remaining above $2 billion since June 2020. This is the highest ever monthly level for workers’ remittances
  • National Electric Power Regulatory Authority (Nepra) has increased the electricity tariff of Distribution Companies (Discos) by Rs4.853 per unit for February 2022 under the monthly Fuel Charges Adjustment (FCA) mechanism.
  • Building upon current momentum, banks have shown strong progress in approving and disbursing the financing under the Mera Pakistan Mera Ghar Scheme against the manifold increase in applications by borrowers to avail of housing finance.
  • The sale of passenger cars witnessed an upsurge of 26% MoM during March 2022, clocking in at 22,799 units as opposed to 18,054 units sold in February 2022
  • Sazgar Engineering Works Limited (SAZEW) sold 1,911 units of Auto Rickshaw during the month of March 2022, which was around 27% higher than the sales of 1,504 units made in the previous month.
  • The Public sector development funding (PSDP) during July to March FY22 period stood at around Rs424 billion which was 47% of the total outlay set for FY22.
  • 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 a total allocation of Rs3,249.54 million.

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Posted on: 2022-04-17T11:30:08+05:00