September 04, 2022 (MLN): The economic roundup contains the recent economic developments and financial data releases over the course of the week to keep an eye on next week’s trend.
- The Weekly Sensitive Price Indicator (SPI) for the combined group increased by 1.31% during the week ended September 01, 2022, while the SPI increased by 45.5% compared to the corresponding period from last year.
- Pakistan's merchandise trade deficit for the month of August 2022 clocked in at $3.53 billion compared to a deficit of $2.73bn in the preceding month, expanded by 29% MoM.
- Pakistan’s oil marketing companies (OMCs)’ sales declined in August 2022 by 22% YoY to 1.52 million tons (MTs), compared to 1.96 MTs in August 2021.
- Pakistan's yearly inflation rate (New Base 2015-16) in August 2022 jumped to 27.26% YoY- the highest since 1975 compared to 24.9% YoY in July 2022 and 8.4% YoY in August 2021
- The total liquid foreign exchange reserves held by the country decreased by $118.1million or 0.87% WoW to stand at $13.4 billion during the week ended on August 19, 2022, compared to $13.52bn in the previous week.
- The State Bank of Pakistan (SBP) on Wednesday received proceeds of $1.16 billion under the Extended Fund Facility (EFF) for Pakistan.
- The federal government increased the price of petroleum products by up to Rs10.92 per litre for the next fortnight.
- The Federal Board of Revenue (FBR) has collected net revenue of Rs489 billion during August 2022, against a target of Rs483bn. These collections are the highest ever in the month of August.
- The Asian Development Bank (ADB) approved a $3 million grant to support Pakistan’s emergency relief efforts amid widespread floods across the country.
- Federal Minister for Information Technology and Telecommunication Syed Amin Ul Haque launched Pakistan National ICT Development White Paper aimed at identifying gaps and seeking suggestions on modern requirements.
Copyright Mettis Link News
Posted on:2022-09-04T13:30:04+05:00
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