Good Morning The inflation rate eased for the fourth successive month and stood at 8.2% in May 2020 despite a seasonal spike in prices of essential food items, Pakistan Bureau of Statistics (PBS) reported on Monday. While directing preparation of combating corona budget for 2020-21, Prime Minister Imran Khan has assigned Adviser to PM on Finance… Continue reading Daily news: 2nd June 2020
Author: Anum Qudsia Siddiqui
May Tax Revenues are down 31% YoY & infections rising – Brace for impact!
Plunge is higher because of the base effect. Last year, the Eid holidays were in June, so we had a fully functional month of May. This time it was a combination of Eid holidays, industrial, retail & services closure. The trend is obvious now after milder 13% YoY decline in April. Talks on next NFC… Continue reading May Tax Revenues are down 31% YoY & infections rising – Brace for impact!
CPI Inflation clocks in at 8.2% during May20
Pakistan Bureau of Statistics released the CPI Inflation data for May20. CPI Inflation clocks in at 8.2% Y/Y during May20 compared with a reading of 8.5% recorded during Apr20 and 8.4% during May19. On a cumulative basis, average inflation is 11.0% during 11MFY20 compared with 6.7% recorded during 11MFY19. Ramzan-driven food inflation offsets the decline… Continue reading CPI Inflation clocks in at 8.2% during May20
Daily news:1st June 2020
Good Morning Amid whopping fiscal losses faced by Pakistan so far escalating to $14 billion after outbreak of deadly coronavirus, Pakistan’s fiscal deficit is projected to be in the range of 8 to 17 percent of GDP in the upcoming fiscal year depending upon the duration of lockdown period. The tax collection by the Federal… Continue reading Daily news:1st June 2020
Economic Calender: June 2020
Daily news: 29th May 2020
Good Morning The country’s total liquid foreign exchange reserves declined by $20 million during last week. According to the State Bank of Pakistan (SBP), total liquid foreign exchange reserves stood at $18.598 billion as on May 21, 2020 compared to $18.618 billion on May 15, 2020. The State Bank of Pakistan (SBP) raised Rs169 billion… Continue reading Daily news: 29th May 2020
Daily news: 28th May 2020
Good Morning Foreign investors opted to pull out their investment from Pakistan equity market due to their concerns over deadly coronavirus and slowing economic activities. The offshore investors withdrew $37.497 million from the equity market during May 2020 as compared to an inflow of over $22.920 million in the same month last year. Special Assistant to… Continue reading Daily news: 28th May 2020
Will COVID19 accelerate the shift to crypto currencies
Current Account Deficit soar to $572 mn in Apr’20
State Bank of Pakistan released the current account data for Pakistan today. Current account deficit soared to $572mn in Apr’20. On yearly basis, current account deficit declined by 51% from $1165mn in Apr’19 to $572mn in Apr’20. For the 10MFY20, current account deficit narrowed by 71% Y/Y from $11,449mn in 10MFY19 to $3,343mn in 10MFY20.… Continue reading Current Account Deficit soar to $572 mn in Apr’20
Economic Impact of COVID-19: Key takeaways from ADB assessment and webinar with Dr. Badri
Asian Development Bank recently published a report updating its assessment of the economic impact of COVID-19. We hosted a webinar with Dr. Badri Gopalakrishnan, the author of the report. Dr. Badri is based in Seattle and is a consulting Economist for the ADB and McKinsey and Company. This note has the summary of the key… Continue reading Economic Impact of COVID-19: Key takeaways from ADB assessment and webinar with Dr. Badri
