Daily News :3rd April 2020

Good Morning The country’s total liquid foreign exchange reserves posted a notable decline of $1.5 billion during March, mainly due to massive outflow of hot money. Moody’s Investors Service has revised downward the Gross Domestic Product (GDP) forecast for Pakistan from 2.9 percent to 2-2.5 percent, ie, by up to 0.9 percent for 2020. The… Continue reading Daily News :3rd April 2020

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Unfolding corona

The story of this quarter solely revolves around the word “coronavirus” and why shouldn’t it , given the fact that it has turned the whole world upside down. It has not only inflicted emotional and psychological pain but also has made our economies and markets vulnerable. On the flip side, OPEC+ countries weren’t coming slow… Continue reading Unfolding corona

Daily News :2nd April 2020

Good Morning The federal government on Wednesday decided to extend the lockdown to counter the novel coronavirus for another fortnight (till April 14). For second month in a row, pace of increase in prices significantly slowed down and recorded at 10.2% in March due to correction in prices of food and energy items -the factors that… Continue reading Daily News :2nd April 2020

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KASB Research Pakistan: Crude oil slumps-E&P estimates revised

We are revising down our earnings estimates for the Oil & Gas Exploration Sector based on: 1) prevalent weakness in international crude oil; and 2) a monetary easing scenario. The recent PKR depreciation, however, may provide cushion to our sector’s estimates. ▪ Crude oil futures lost footing on March 30, 2020, on the back of… Continue reading KASB Research Pakistan: Crude oil slumps-E&P estimates revised

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KASB Research Pakistan: CPI Inflation slows down to 10.24% during Mar20

CPI inflation has slowed down 10.24% during Mar20, in-line with our estimates of 10.30%, and has averaged 11.53% during 9MFY20. On a monthly basis, inflationary pressures largely subsided and inched up by a marginal 0.04%. We believe subdued inflation during Mar20 was supported in part by alleviating supply side pressures in the food segment (weight:… Continue reading KASB Research Pakistan: CPI Inflation slows down to 10.24% during Mar20

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Daily News:1st April 2020

Good Morning   Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a United Nations report has predicted. According to a report by the UN Conference… Continue reading Daily News:1st April 2020

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Daily News:31st March 2020

Good Morning “Amid growing concerns about the potential economic impact of the Covid-19 pandemic, the SBP with the collaboration of the PBA has announced a comprehensive relief package that will help relevant stakeholders including households and businesses (microfinance, small and medium enterprises (SMEs), corporate, commercial, retail, and agriculture) to manage their finances through this temporary… Continue reading Daily News:31st March 2020

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