July 18, 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 State Bank of Pakistan released its Third Quarterly Report on The State of Pakistan’s Economy for the fiscal year 2020-21 today.
Foreign direct investment in Pakistan stood at $135.4 million during June 2021, showing a decline of 23% MoM and 32% YoY against the net inflow of $198.3mn in April 2021 and $174.8 recorded in June 2020.
The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.41% during the week ended Jul 15, 2021 while the SPI increased by 12.75% compared to the corresponding period from last year.
During the week, the PKR lost 77 paisa against the greenback despite witnessing positive developments such as record high of remittances and increased volume of foreign exchange reserves.
Pakistan's Forex Reserves decreased by USD 102.80 Million or 0.42% and the total liquid foreign reserves held by the country stood at USD 24,312.10 Million on Jul 09, 2021.
The State Bank of Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.693.12 billion for 3 and 6 months.
The overall output of LSMI increased by 14.57% for July-May 2020-21 compared to the same period last year.
The sale of passenger cars during the month of June 2021 was recorded at 11,569 units against a total production of 18,154 units, which is around 11% lower as compared to the 12,934 units sold in May 2021 and 58% higher as compared to June 2020.
The total Deposits held by Commercial Banks have reached a record level of Rs19.79 trillion in June’21, showing a growth of 22% YoY from Rs16.2 trillion in the same of FY20.
Workers' remittances rose to a historic annual high of $29.4 billion in FY21. Remittances registered a substantial 27% growth in FY21 over last year, the fastest rate of expansion since FY03.
The total money supply circulating within the economy by the end of May 2021 has been recorded at around Rs26.62trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan.
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