While the stock market’s recovery might suggest that people think that the worse is behind us, the panel of doctors we hosted on a call today think that it is too early to gauge. According to their opinion while they have not seen high rise in critical cases from COVID19 but the lack of data… Continue reading KASB COVID-19 UPDATE: Next two weeks are critical
Author: Anum Qudsia Siddiqui
OPEC+ To Meet Today – 090420
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC players(such as US and Russia) are scheduled to commence discussions at 7pm PakistanStandard Time today, to discuss the possibility of a coordinated production cut. Thecut is expected to move the curve closer to the demand-supply equilibrium andsupport the commodity’s prices. ▪ The discussion between the OPEC… Continue reading OPEC+ To Meet Today – 090420
Daily News:9th April 2020
Good Morning The International Monetary Fund plans on providing Pakistan $1.4 billion by next week to improve the country’s financial situation as it fights coronavirus, Arab News reported on Wednesday. The Economic Coordination Committee (ECC) of the Cabinet on Thursday (today) is likely to approve issuance of long-awaited Pakistan Energy Sukuk-II worth Rs 200 billion to… Continue reading Daily News:9th April 2020
Daily News:8th April 2020
Good Morning In the aftermath of the spread of deadly COVID-19 virus in different parts of the world, the Financial Action Task Force (FATF) has extended its deadline for complying conditions for Pakistan for three months up to September from earlier June 2020. Rupee hit another record low of 167.89 to the US dollar in the… Continue reading Daily News:8th April 2020
Daily News:7th April 2020
Good MorningThe federal cabinet, which is scheduled to meet on Tuesday (today) with the prime minister in the chair and will formally approve tax exemptions on the funds to be extended to the Prime Minister’s Covid-19 Pandemic Relief Fund 2020, till June 30, 2021. The Oil and Gas Regulatory Authority (OGRA) on Monday notified a… Continue reading Daily News:7th April 2020
KASB COVID-19 UPDATE: Trusting imperfect data
Austria has announced that small shops will open from the 14th of April. Wuhan is also opening after a 76-day lock down. Most European countries, except for France and UK have seen almost flattening of the infection curve. New case growth in the US has slowed down to 8.3%. The positive reaction of the market… Continue reading KASB COVID-19 UPDATE: Trusting imperfect data
KASB COVID-19 UPDATE: The government might deserve some credit
The rate of growth of new cases has fallen substantially and global markets have rallied today on the back of that. In the US, new cases increased by 8.3% on Sunday, much lower than the 30%+ growth a few days back. Chart 4 below shows the bending of the curve. • Our post on the… Continue reading KASB COVID-19 UPDATE: The government might deserve some credit
Daily News:6th April 2020
Good Morning The SPI inflation during the week ended April 2 against March 26 on Week-on-Week (WoW) basis witnessed a reduction of 2.01 percent for combined income groups, ie, from 128.10 points to 125.52 points, the Pakistan Bureau of Statistic (PBS) revealed. The World Bank (WB) has revised the real GDP growth projection massively for Pakistan… Continue reading Daily News:6th April 2020
Rumored details of the much-awaited construction package
The chatters of a relief package for the construction industry in Pakistan have beenmaking rounds for a week and are expected to be announced today. Reeling from amassive plunge in the economic activity, the GoP is pinning hopes on the revival of theconstruction industry to create mass employment opportunities. According to theinformation available, the package… Continue reading Rumored details of the much-awaited construction package
KASB COVID-19 UPDATE: On the bright side
Pakistan’s first case was documented on the 26th Feb, the UK had 16 cases and then and the US had 60. So far, (Thanks to Allah) we have avoided the same growth. Admittedly the statistics on infection might be unreliable due to lack of testing but as the chart below shows, our deaths also have… Continue reading KASB COVID-19 UPDATE: On the bright side
