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Weekly Economic Roundup

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January 12, 2019 (MLN): The financial snapshot of the country in full detail was highlighted with the economic and financial data releases over the course of the week.

  • The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.36% during the week ended Jan 09, 2020 while the SPI increased by 20.07% compared to the corresponding period from last year.

  • Pakistan's trade deficit for 6 months (July-December) FY20 was USD 11.63 billion compared to a deficit of USD 16.77 billion from the corresponding period from FY19.

  • The central government's domestic and external debts by the end of November 2019 rose by 21% YoY to Rs 32.13 trillion as compared to Rs 26.45 trillion recorded by the end of November 2018, reveals latest data issued by the State Bank of Pakistan.

  • The total money supply circulating within the economy during November 2019 recorded at Rs 21.8 trillion which was almost the same i.e. Rs 21.75 trillion reported in October 2019, shows provisional data on Monetary Aggregates for the month released by State Bank of Pakistan (SBP).

  • Overseas Pakistanis remitted USD 2.1 billion in the month of December 2019 compared to USD 1.82 billion in November 2019 showing an increase of USD 277.56 million over the previous month.

  • Pakistan's Forex Reserves increased by USD 3.40 Million or 0.02% and the total liquid foreign reserves held by the country stood at USD 18,084.80 Million on Jan 03, 2020.

  • Banking sector deposits grew 10% YoY from Rs 13.35 trillion in 2018 to Rs 14.63 trillion in 2019, revealed the latest data issued by State Bank of Pakistan (SBP).

  • The Ministry of Planning Development and Reforms has so far given the authorization to release Rs 5.762 billion for various agriculture sector development projects under its Public Sector Development Program (PSDP) for the financial year 2019-20 as against the total allocation of Rs 12.047 billion.

  • The federal government has so far authorized the release of Rs 301.36 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs701 billion.

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Posted on: 2020-01-12T11:10:00+05:00