Weekly Economic Roundup

March 15, 2020 (MLN): The financial picture of the country in full detail was highlighted with the economic and financial data releases over the course of the week.

  • There was a net outflow of $165.9 million from the local markets via Special Convertible Rupee Account on March 12, 2020, where the majority of the selling by foreign investors was witnessed in T-bills.

  • Risk-averse foreign investors pulled out over USD 250 million from government T-bill on March 11, 2020 as total disinvestment for the day stood at USD 253.07 million.

  • There was an outflow of a whopping $135.7 million from T-bills on March 10, 2020, in which foreign selling from the UK pegged at $131.7 million.

  • In line with the previous week's transaction, the outgoing week continued to witness an outflow of funds from foreign investors, as they sold out local securities worth Rs 27.14 billion.

  • Pakistan's Forex Reserves increased by USD 35.60 Million or 0.19% and the total liquid foreign reserves held by the country stood at USD 18,904.60 Million on Mar 06, 2020.

  • The sale of cars in the country has increased from 10,095 units in January 2020 to 10,345 units in February this year, showing an increase of 2.47 percent.

  • The Workers' Remittances received during July – February FY20 amounted to $ 15,126.5 million, recording an increase of $ 770.7 million or 5.4 percent over remittances received during July – February FY19 ( $ 14,355.8 million).

  • The overall Central Government Debt during the month of January 2020 stood at Rs. 32.9 trillion, i.e. merely 1 percent higher than the figures reported last month.

  • Central Power Purchasing Agency (CPPA) has proposed an increase of Rs 1.4883/kWh over the reference fuel charges of Rs 5.7576/kWh under fuel price adjustment for the month of January 2020 for Ex-WAPDA Discos.

  • The government of Pakistan has acquired an additional debt of Rs.131.69 billion during the week ended March 06, 2020, which brings its total net borrowing for the ongoing fiscal year 2020 to Rs.281.84 billion. As of prior week, the government had borrowed a net sum of Rs.150.15 billion.

  • The non-government sector has retired a net sum of Rs.625.48 million during the week ended March 06, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020 to Rs.235.16 billion. The net borrowing as of prior week was recorded at Rs.235.78 billion.

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Posted on: 2020-03-15T12:39:00+05:00

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