Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Weekly Economic Roundup

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

May 10, 2020 (MLN): The financial snapshot of the country in full detail is 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 May 07, 2020 while the SPI increased by 8.56% compared to the corresponding period from last year.

  • The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.72% during the week ended Apr 30, 2020 while the SPI increased by 9.84% compared to the corresponding period from last year.

  • Pakistan's Forex Reserves increased by USD 292.10 Million or 1.58% and the total liquid foreign reserves held by the country stood at USD 18,755.10 Million on Apr 30, 2020.

  • Cement despatches in the country have declined in April 2020 by 23.65 percent to 3.52 million tons from 4.61 million tons in April 2019 as both exports and domestic markets crashed, owing to the devastating impact of COVID-19.

  • The gross sale of securities via Special Convertible Rupee Account (SCRA), during the week ended April 24, 2020 was recorded at Rs.56.8 billion, which is around 29.5 percent lower than the figures recorded last week.

  • The government has so far released Rs 85.9 billion for development projects of the National Highway Authority (NHA) out of the total allocation of Rs 95.67 billion under its Public Sector Development Programme (PSDP) 2019-20.

  • The Federal government has collected around Rs 198 billion during July 2019 to March 2020 from Petroleum Levy.

  • The non-government sector has retired a net sum of Rs.29.32 billion during the week ended April 24, 2020, which brings the cumulative net borrowing for ongoing fiscal year FY2020 to Rs.295.43 billion. The net borrowing as of prior week was recorded at Rs.324.74 billion.

  • The government of Pakistan has retired Rs.121.08 billion during the week ended April 24, 2020, which brings its total net borrowing for the ongoing fiscal year 2020 to Rs.911.71 billion. As of prior week, the government had borrowed a net sum of Rs.1032.79 billion.

  • Pakistan’s fiscal deficit during the nine months of the current fiscal year reached Rs. 1,686 billion, which signifies an increase of 3.8%.

  • Pakistan's trade deficit for 10 months (July-April) FY20 was USD 19.50 billion compared to a deficit of USD 26.23 billion from the corresponding period from FY19.

  • The Federal government has so far authorized to release Rs 7595.950 million for various ongoing and new projects of the Finance Division under its Public Sector Development Programme (PSDP) 2019-20, as against its total allocation of Rs 9930.749 million.

  • The Banking sector spread for March 2020 shrunk by 18 basis points (bps) over the month which brings its latest value to 5.19% as compared to the prior month's spread of 5.37%. Similarly, the spread has narrowed down by 48 bps as compared to the same period last year.

  • The Central Directorate of National Savings (CDNS) has achieved a collection net target of Rs173 billion in the last 10 months of the current fiscal year by May 2.

Copyright Mettis Link News

Posted on: 2020-05-10T14:18:00+05:00

34685