July 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 0.07% during the week ended Jul 08, 2021, while the SPI increased by 12.28% compared to the corresponding period from last year.
Pakistan's Forex Reserves increased by USD 1,117.50 Million or 4.8% and the total liquid foreign reserves held by the country stood at USD 24,414.90 Million on Jul 02, 2021.
Foreign investors during FY21 poured in $973.64mn government-backed securities against the outflow of $912.13mn in the same period, resulted in a net investment of $61.5mn.
The federal government released Rs115,446.530 million for the National Highway Authority (NHA) road infrastructure schemes under the Public Sector Development Programme (PSDP) 2020-21.
Pakistan achieved the highest demand & supply of power in history today at 24,284 MW.
Pakistan’s exports to Australia increased by 33 percent during the fiscal year 2020-21 as against the exports of the previous fiscal year.
The government sold different tenors bonds worth $1bn in the international market, after raising $2.5 billion in March through Eurobonds which was Pakistan’s first international bond sale since late 2017.
The non-government sector borrowed another net sum of Rs.97.72 billion during the week ended June 25, 2021, which brings the cumulative net borrowing for the ongoing fiscal year FY2021 to Rs.549.58 billion. The net borrowing as of the prior week was recorded at Rs.451.86 billion.
The government of Pakistan acquired an additional debt of Rs.303.9 billion during the week ended June 25, 2021, which brings its total net borrowing for the ongoing fiscal year 2021 to Rs.1785.93 billion. As of the prior week, the government had borrowed a net sum of Rs.1482.03 billion.
The total debt of the Central Government during the month of May 2021 surged by Rs3.508trillion or around 10.17% YoY to stand at Rs37.997tr when compared to Rs34.489tr recorded in May 2020.
Pakistan’s exports to the US during FY 2021 increased by 39% to $ 5.2 billion as compared to $ 3.7 billion during FY 2020, an increase of around $1.45 billion.
Copyright Mettis Link News
42179
