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Weekly Economic Roundup

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April 11, 2021 (MLN): The latest weekly roundup is here to update few financial and economic releases, providing a guide to monitor trends in the upcoming week.

  • The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.6% during the week ended Apr 08, 2021 while the SPI increased by 18.43% compared to the corresponding period from last year.
  • Sazgar Engineering Works Limited (SAZEW) sold a total of 1,209 units of three-wheelers against the production of 1,193 units during the month of March 2021.
  • The State Bank of Pakistan (SBP) received the proceeds of the government’s US$2.5 billion Euro Bond issuance in its account.
  • Pakistan's Forex Reserves decreased by USD 157.00 Million or 0.75% and the total liquid foreign reserves held by the country stood at USD 20,679.40 Million on Apr 02, 2021.
  • International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 1.5 percent in 2021 with a forecast of an 8.7 percent average rate of inflation in FY21 that contradicts sharply as it is higher than the government’s estimate of 6.5 percent.
  • Central Directorate of National Savings (CDNS) received an increased investment of Rs41 billion by April 7 of this Fiscal year 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 newly introduced by the institution.
  • The National Electric Power Regulatory Authority (NEPRA) on Wednesday notified an increase of Rs 0.6416 per unit in power tariff on account of variations in the fuel charges for the month of February 2021.
  • The federal government released Rs 98,328.079 million for National Highway Authority (NHA) road infrastructure schemes under the Public Sector Development Programme (PSDP) 2020-2021 till April 2.
  • The Central Government’s total debt inflated by Rs3.195 trillion or 10% YoY to Rs36. 6 trillion by end-February 2021 as opposed to Rs33.4 trillion recorded in February 2020.
  • The government of Pakistan acquired an additional debt of Rs.14.74 billion during the week ended March 26, 2021, which brings its total net borrowing for the ongoing fiscal year 2021 to Rs.669.83 billion. As of the prior week, the government had borrowed a net sum of Rs.655.09 billion.
  • The non-government sector borrowed another net sum of Rs.63.31 billion during the week ended March 26, 2021, which brings the cumulative net borrowing for ongoing fiscal year FY2021 to Rs.425.22 billion. The net borrowing as of the prior week was recorded at Rs.361.91 billion.
  • The government released Rs1,686.644 million during the first nine months of the current fiscal year to execute petroleum sector projects under the Public Sector Development Programme (PSDP 2020-21).

 

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Posted on: 2021-04-11T14:37:00+05:00

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