Karachi, September 25, 2019: Pakistan’s Trade deficit in Aug-2019 declined by US$700 million (30 percent) YoY as imports declined by 22 percent (US$982 million) YoY while exports saw a 14 percent (US$281 million) dip over the same period. This shrinking of the import-bill can be traced back to significant declines in imports of petroleum products…
Karachi, September 25, 2019: Pakistan Stock Exchange continued trading in a narrow range between +39pts and -357pts and closed the session -264pts (-0.8 percent). International crude posted losses and the same had negative impact on local oil & gas listed chain from E&P to OMCs. PSO and PPL also had financial results today, which were mostly…
Karachi, August 27, 2019: The Government has reported 4QFY19 fiscal deficit of 3.9 percent of GDP, taking full-year FY19 deficit to 8.9 percent of GDP or Rs3.4 trillion vs. 6.6 percent or Rs2.2 trillion in FY18 which is a record high. Previous high deficit was seen in FY12 at 8.8 percent. The numbers are different…
Karachi, July 24, 2019: The country’s trade deficit declined by 11 percent YoY to US$28.2 billion in last fiscal year (FY19) from US$31.8 billion in the previous year. Although in a normal scenario, this would be interpreted positively, as highlighted earlier, the previous year’s trade deficit had reached unsustainable levels and there was only one…
Karachi, July 15, 2019: While Pakistan’s economy moved along the stabilization phase led by demand management policies, vulnerabilities in the external and fiscal sectors persisted during Jul-Mar FY19, according to the State Bank of Pakistan’s Third Quarterly Report on the State of Pakistan’s Economy released today. This implies that the current stabilization agenda needs to…