November 01, 2020 (MLN): The latest weekly roundup is here to update the financial and economic data releases as they provide a guide to keeping an eye on trends in the upcoming week.

• Foreign companies operating in Pakistan repatriated $169.2 million in profit and dividends on investments in the country during the month of September’20 which was 3.18x higher than the profits repatriated in the previous month and 26% higher than that repatriated in September’19.
• Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 2.54 percent in September 2020 to a provisional value of 94.12 from the revised value of 91.79 in August 2020.
• Pakistan's Forex Reserves decreased by USD 5.10 Million or 0.03% and the total liquid foreign reserves held by the country stood at USD 19,296.50 Million on Oct 23, 2020.
• The Government has decided to reduce the price of various petroleum products from Nov 01, 2020. According to the Ministry of Finance, the price of Petrol has been reduced by Rs.1.57 per liter while the price of high-speed diesel has been cut by Rs0.84 per liter.
• Pakistan has received $2.734 billion foreign aid during 1QFY21 from bilateral and multilateral development partners, foreign commercial borrowing, and time deposits to restructure its economy and finance its development projects.
• In order to facilitate the Telecom sector by the waiver of certain taxes, the Economic Coordination Committee (ECC) decided that the proposal may be granted approval in Principle.
• Moody's Investors Service has assigned a first-time corporate family rating (CFR) of B3 to Pakistan Water and Power Development Authority (WAPDA), along with a ‘stable’ rating outlook.
• According to the data issued by the State Bank of Pakistan (SBP) on export receipts by commodities, the Textile products remained the major exportable goods for Pakistan as it accounted 57% of the total exports during the period of 3MFY21.
• The total nutrient offtake during the month of September 2020 was about 382 thousand tonnes, which recorded an increase of 9.6 percent over September 2019.
• The total DAP offtake during the month of September 2020 increased by 9.2 percent, from 210 thousand tonnes during September 2019 to about 229 thousand tonnes during September 2020.
• The overall urea offtake during the month of September 2020 was 393 thousand tonnes, which represents a decrease of 3.1 percent over the offtake witnessed in September 2019.
• The Federal Government has so far authorized the release of Rs 289.71 billion against a total allocation of Rs 650 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2020-21.

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