Weekly Economic Roundup
MG News | September 15, 2019 at 11:09 AM GMT+05:00
September 15, 2019 (MLN): The country’s financial profile was brought into clearer picture with the following data releases over the course of the week:
- The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.24% during the week ended Sep 05, 2019 while the SPI increased by 16.55% compared to the corresponding period from last year.
- The total debt of the Pakistan government increased to Rs.33.023 trillion in July 2019, showing an increase of 3.89 percent over June 2019.
- The federal government has so far released Rs 69.8 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 Rs 701 billion.
- The government has released a sum of Rs 139.762 million for various power projects under annual Public Sector Development Programme (PSDP) for fiscal year 2019-20 so far.
- Pakistan's Forex Reserves increased by USD 132.20 Million or 0.85% and the total liquid foreign reserves held by the country stood at USD 15,751.70 Million on Sep 06, 2019.
- Overseas Pakistani workers remitted US$ 1,690.9 million in the August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect.
- Impact of economic contraction was visible in the cement sector; as the first two months of this fiscal saw domestic demand declining by 5.49 percent while exports posted a healthy increase of 12.66 percent.
- Production and sale of passenger cars in the last two months, draw a striking contrast against the figures recorded in the same period last year when over 39,350 cars were produced, and 34,260 units were sold. This year, a production of 27,108 units and a sale of 20,094 units has been recorded.
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|---|---|---|
| KSE100 | 171,115.82 431.76M | -1.03% -1778.46 |
| ALLSHR | 102,630.82 1,022.40M | -0.72% -743.98 |
| KSE30 | 51,478.54 123.81M | -1.23% -641.56 |
| KMI30 | 245,731.79 184.52M | -1.22% -3035.83 |
| KMIALLSHR | 66,650.32 595.11M | -0.81% -541.20 |
| BKTi | 47,279.59 41.00M | -1.38% -660.98 |
| OGTi | 35,704.94 10.73M | -1.65% -598.06 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 82,475.00 | 82,625.00 80,875.00 | 2090.00 2.60% |
| BRENT CRUDE | 104.46 | 104.80 103.82 | 3.17 3.13% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -5.00 -4.35% |
| ROTTERDAM COAL MONTHLY | 107.10 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 98.41 | 98.85 97.65 | 2.99 3.13% |
| SUGAR #11 WORLD | 14.69 | 14.75 14.46 | 0.15 1.03% |
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