Weekly Economic Roundup

February 09, 2020 (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 0.21% during the week ended Feb 06, 2020, while the SPI increased by 17.58% compared to the corresponding period from last year.

• Pakistan's trade deficit for 7 months (July-January) FY20 was USD 13.75 billion compared to a deficit of USD 19.20 billion from the corresponding period from FY19.

• Pakistan’s Forex Reserves increased by USD 281.80 Million or 1.53% and the total liquid foreign reserves held by the country stood at USD 18,644.50 Million on Jan 31, 2020.

• The Total Foreign Investment in Treasury bills (T-Bills) from July 1, 2019, till February 06, 2020, reached $3 billion, revealed State Bank of Pakistan (SBP)’s latest data released today.

• Foreign investors continued to be net buyers during the week ended on January 31, 2020, as the total purchase of securities outweighed total sales by nearly Rs. 28.65 billion.

• Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year.

• The government has released funds amounting to Rs 293.257 million during the first seven months of the current fiscal year to execute petroleum projects under the Public Sector Development Programme (PSDP 2019-20) against the total allocation of Rs581.812 million.

• The Federal government has approved the release of 429.17 billion rupees for ongoing and new social sector uplift projects under its Public Sector Development Programme during the current financial year.

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