December 06, 2020 (MLN): The financial snapshot of the country is brought to light with the economic and financial data releases over the course of the week.

• The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.23% during the week ended Dec 03, 2020 while the SPI increased by 8.14% compared to the corresponding period from last year.
• Pakistan's Forex Reserves decreased by USD 310.60 Million or 1.51% and the total liquid foreign reserves held by the country stood at USD 20,241.80 Million on Nov 27, 2020.
• Pakistan's trade deficit for 5 months (July-November) FY21 was USD 9.69 billion compared to a deficit of USD 9.64 billion from the corresponding period from FY20.
• Mobile banking transactions increased to 36.4 million amounting to Rs. 908.7 billion in Q1-FY21, marking an increase of 139% by volume and 211% by value when compared with the same period last year.
• Economic Coordination Committee (ECC) approved abolishment of Time-of-Use tariff scheme for Industrial consumers to spur industrial activity amid COVID-19 pandemic by removing the distinction between the current system of peak and off-peak hours as a part of Industrial support package.
• Foreign Investors during the week ended November 27, 2020, took out net amount of Rs. 1.57 billion by selling of local securities, whereas last week, the accounts observed a net purchase of Rs.45.12 million.
• ECC recommended a summary presented by the Industries and Production Division to approve the release of funds to PSM for payment in lieu of gas supply to SSGC through a Technical Supplementary Grant (TSG).
• National Electric Power Regulatory Authority (NEPRA)  on Tuesday, has approved the Support Package for Additional Consumption and abolishment of time of use tariff scheme for industrial consumers of XWDISCO and K-Electric.
• Pakistan's Yearly Inflation Rate (New Base 2015-16) in November 2020 was 8.35 percent compared to 8.91 percent in October 2020 and 12.70 percent in November 2019.
• Pakistan’s exports have surged by 7.2% YoY in November 2020.
• Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 3.18 percent in October 2020 to a provisional value of 97.11 from the revised value of 94.12 in September 2020.
• The Federal Board of Revenue’s provisional revenue collection figures amounted to Rs. 1.686 trillion during July-November (2020-21) against the target of Rs. 1.670 trillion, reflecting an increase of Rs. 16 billion.
• The Oil and Gas Regulatory Authority (OGRA) on Monday increased the locally produced LPG price by Rs22.88 per cylinder of 11.8 kilograms.
• The government has released funds amounting to Rs1329.928 million, during the first five months of the current fiscal year, to execute eight petroleum projects under the Public Sector Development Programme (PSDP 2020-21) against the total allocation of Rs 1,786.160 million.
• The Government of Pakistan, represented by the Ministry of Economic Affairs and the Government of Germany, through German Development Bank-KfW, signed three grant-in-aid agreements with a cumulative value of Euro 18.5 Million.
• The export of animal casings from Pakistan to Japan has resumed after a ban of four years.
• Ministry of Commerce has released Rs. 1.78 billion for Textiles Sector under Drawback of Local Taxes and levies (DLTL) scheme.
• The cement sector posted a growth of 4.19 percent in November 2020 as compared to last year – which is the lowest monthly growth during this fiscal year after double-digit growth in September 2020 and October 2020.

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