Good Morning The previous week saw the bull-run continue with the KSE-100 index growing by 1,140pts, comfortably breaking past the 37k mark. Domestic participation continued to remain the driving force behind the index’s relatively sustained rally. Particular interest was witnessed in the cyclical industries with cements and steels taking charge. We believe additional details regarding… Continue reading Daily news: 20th July 2020
Author: Anum Qudsia Siddiqui
Trade breakup for Jun’20 reveals surge in Textile Exports and Petroleum Imports
Pakistan Bureau of Statistics (PBS) released the trade breakup for Jun’20. During the month of Jun’20, exports and Imports both surged by 15% M/M and 30% M/M, respectively. Trade breakup reveals that growth in monthly exports was mainly driven by recovery in textile exports by 28% M/M whereas, the surge in imports came mainly on… Continue reading Trade breakup for Jun’20 reveals surge in Textile Exports and Petroleum Imports
Daily news: 17th July 2020
Good Morning Pakistan’s exports decreased by 6.81 percent during fiscal year 2019-20 and remained $21.394 billion as compared to $22.958 billion during the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) data revealed. Pakistan’s foreign exchange reserves increased to $18.952 billion during the week ended July 10 from $18.790 billion in the previous… Continue reading Daily news: 17th July 2020
Pakistan Long Steel Sector-“Sharp Recovery Underway”
-We initiate our coverage on Pakistan long steel sector with an Outperform rating and Buy recommendation on Amreli Steel Limited (ASTL) (PT: PkR58, 41% upside) and Mughal Steel Limited (MUGHAL)(PT: PkR64, 25% upside). In a bid to stimulate the economy, Government of Pakistan announced construction package, providing incentives for investments into the industry, including an… Continue reading Pakistan Long Steel Sector-“Sharp Recovery Underway”
FX Reserves Position-10th July 2020
Ten Steps to Improve Investor Relations
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Daily news: 16th July 2020
Good Morning The State Bank of Pakistan (SBP) has set mandatory targets for banks to extend mortgage loans and financing for developers and builders. Accordingly, all banks will be required to increase their housing and construction of building loan portfolios to at least 5 percent of their private sector credit by the end of December… Continue reading Daily news: 16th July 2020
Power sector woes – Taking the economic power away
Pakistan’s power projects have few components; energy (variable fuel cost) & capacity (fixed “guaranteed” profits). While the former has softened in wake of falling Coal, Oil & RLNG prices, the devil lies in the detail. Total yearly capacity payments are increasing from Rs ~1trn ($6bn) to Rs ~1.7tr ($10bn) in 5 years. No, the govt… Continue reading Power sector woes – Taking the economic power away
Pakistan allows Afghanistan’s exports to India – Belt & Road connectivity?
In a recent development, Pakistan has allowed transport of goods from Afghanistan to India via Wagah border, Pakistan. This reaffirms Pakistan’s commitment to a prosperous, independent & peaceful Afghanistan. This matter would surely be appreciated by Afghanistan & the US also in Afghan peace process. However, the Indian exports to Afghanistan have not been allowed… Continue reading Pakistan allows Afghanistan’s exports to India – Belt & Road connectivity?
