June 06, 2021 (MLN): The financial highlights of the country are 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 0.61% during the week ended Jun 03, 2021 while the SPI increased by 16.12% compared to the corresponding period from last year.
• Asian Development Bank (ADB) provided $36 million to the Sindh Coastal Community Development Project to reduce poverty in coastal communities and protect the fragile mangrove ecosystem of the Indus Delta coastline.
• The foreign investors purchased a net of Rs.7.35 billion worth of securities during the week ended May 28, 202, whereas last week, the accounts observed a net sale of Rs.3.25 billion.
• During July- May FY2021, the collection of Sindh Board of Revenue (SBR) is Rs 108.686 billion, i.e., 19% higher than last year.
• One hundred and sixty thousand Pakistanis from over one hundred and seventy countries have so far invested 1.25 billion dollars in Roshan Digital Accounts.
• Pakistan's Forex Reserves increased by USD 278.20 Million or 1.21% and the total liquid foreign reserves held by the country stood at USD 23,294.10 Million on May 28, 2021.
• Pakistan's trade deficit for 11 months (July-May) FY21 widened by 30% to stand at USD 27.27 billion compared to a deficit of USD 21.06 billion from the corresponding period from FY20.
• The federal government has increased power supply by 200 MW to K-Electric from the national grid to facilitate the citizens of Karachi from load shedding.
• The Country Director World Bank Mr. Najy Benhassine proposed credit facilities for various interventions in the housing sector of Pakistan totaling $200m.
• The overall sales of Oil and Marketing Companies (OMCs) in May 2021 witnessed a marginal increase of 1% MoM to 1.69 MTs on the back of long Eid holidays and lockdown restrictions amid the third wave of COVID-19.
• Exports from Pakistan increased by 14% to stand at USD 22.563 billion during July-May 2021 when compared to USD 19.801 billion in July-May 2020.
• Federal Board of Revenue (FBR) has collected net revenue of Rs4,170 billion during the July-May period, which has exceeded the target of Rs3,994bn by Rs176bn. This represents a growth of about 18% over the collection of Rs3,549 bn during the same period last year.
• At a CDWP meeting presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, cleared eleven development projects with a cumulative cost of Rs. 46.2bn & recommended two projects worth Rs. 42.04bn to the Executive Committee of the National Economic Council (ECNEC) for further consideration.
• The non-government sector has borrowed another net sum of Rs.45.16 billion during the week ended May 21, 2021, which brings the cumulative net borrowing for the ongoing fiscal year FY2021 to Rs.453.18 billion. The net borrowing as of the prior week was recorded at Rs.408.01 billion.
• The government of Pakistan has retired Rs.63.56 billion during the week ended May 21, 2021, which brings its total net borrowing for the ongoing fiscal year 2021 to Rs.557.75 billion. As of the prior week, the government had borrowed a net sum of Rs.621.31 billion.
• Prime Minister Imran Khan formally launched Pakistan's first Green Eurobond at a ceremony in Islamabad on Monday. The Green Euro, called Indus Bond, has been issued by Water and Power Development Authority to raise 500 million dollars for the financing of Diamer Bhasha and Mohmand dams.
• Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 2.46 percent in April 2021 to a provisional value of 103.30 from the revised value of 100.82 in March 2021.

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