KASB Paisa Sambhalyo with A A H Soomro, CFA, FRM, Managing Director KASB Securities and Sanakhawan Hussain, CEO Zero2one Partners
Author: Anum Qudsia Siddiqui
Pakistan Tax Collection – Off the cliff but creeping up
One of Pakistan’s chronic issues is low tax collection. Be it the rampant culture of corruption, bribery & smuggling or the swamps on undocumented economy. Our Tax collection at 10-11% of GDP is just not enough to pay for salaries, pension, debt, defence & development. Under the IMF program, the core issue to address is… Continue reading Pakistan Tax Collection – Off the cliff but creeping up
Daily news: 2nd-July-2020
Good Morning The Consumer Price Index (CPI)-based inflation nationwide has registered an increase of 8.6 percent on year-on-year (YoY) basis in June 2020 as compared to an increase of 8.2 percent in May, and eight percent in June 2019. The revenue collection saw a paltry growth of 3.9 per cent year-on-year in 2019-20 mainly due… Continue reading Daily news: 2nd-July-2020
CPI Inflation ends FY20 with 8.6% YoY in Jun’20
Pakistan Bureau of Statistics released the CPI Inflation data for Jun’20. CPI Inflation clocks in at 8.6% Y/Y during Jun’20 compared with a reading of 8.2% recorded during May’20 and 8.0% during Jun’19. On a cumulative basis, average inflation is 11.0% during FY20 compared with 6.8% recorded during FY19. Food Inflation offset the drop in… Continue reading CPI Inflation ends FY20 with 8.6% YoY in Jun’20
World Economy – Painful post covid growth
Unarguably, the two top global economy experts – Joseph Stiglitz and Nouriel Roubini – predict tough economic outlook. Roubini says post covid growth would be anemic while Stiglitz wants governments to ensure public sector program as long as needed. Stiglitz worries over negative supply shocks, excessive money creation, deglobalisation, government response and eventually, “inflation genie… Continue reading World Economy – Painful post covid growth
Daily news:1st July 2020
Good Morning Pakistan has received inflows of $3 billion as loans in a week from multilateral agencies for budget support in the wake of COVID-19.The country has received over one billion dollars fresh loan inflows from the Chinese bank to deal with COVID-19 and build foreign exchange reserves. The State Bank of Pakistan (SBP) has… Continue reading Daily news:1st July 2020
Economic Calender: July 2020
T Bill Auction: 30-06-2020
Daily news: 30th-June-2020
Good Morning The law-enforcement agencies, including the Rapid Response Force (RRF) of Sindh Police, foiled a terrorist attack on the busy Pakistan Stock Exchange in Karachi on Monday morning by killing all the four terrorists of a banned outfit. The LEAs managed to finish off all the terrorists within eight minutes. The National Assembly (NA) on… Continue reading Daily news: 30th-June-2020
Daily news:29th June 2020
Good Morning As anticipated, the government has hiked petroleum prices by over PKR 25/liter to closer reflect prevalent international oil prices. While this hike is antcipated to ease off the recent petroleum shortage within the country, it is expected to push inflationary pressures onwards. Nevertheless, we feel interest rates will likely remain near current levels… Continue reading Daily news:29th June 2020
