1 Source: SBP, PSX, NCCPL, BMA Research Bloomberg Currencies Economy: Domestic / International Cost of domestic debt servicing mirrors existing policy rate Morning News Lahore Chamber of Commerce & Industry Chart of the Day Monday, April 8, 2019 5.0% 15 % 14 % 13 % 12 % 11 % 10 % 9 % 8 % 7 % 6 % 7.5% 10 % 12.5 % 15 % 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1HFY19 Debt Servicing Cost Effective Rate Period End Policy Rate Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctions (Reuters) Oil prices rose to their highest level since Nov. 2018 on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data. read more Pakistan economic growth will slow down to 3.4 percent: World Bank (Dawn) The World Bank has forecasted that Pakistan''s economic growth will slow down to 3.4 percent during current fiscal and will further decelerate to 2.7 percent in 2019-2020, as fiscal and monetary policies are tightened to address macroeconomic imbalances. Pakistan''s GDP growth is projected to slow down to 3.4 percent in fiscal year 2018-19, from 5.8 percent a year before…read more Pakistan, IMF at odds over Rs5.4tr tax collection target (ET) Pakistan and the International Monetary Fund (IMF) have been unable to sort out differences over the fiscal policy because of the latter’s demand that the federal tax collection be increased to nearly 13% of the size of the country’s economy within a year…read more Global economy enters ‘synchronisedslowdown’ (Financial Times) The global economy has entered a “synchronised slowdown” which may be difficult to reverse in 2019, according to the latest update of a tracking index compiled by the Brookings Institution think-tank and the Financial Times.…read more SBP official creates stir with FATF remarks (Dawn) A high-ranking official of the State Bank of Pakistan (SBP) created a stir on social media with remarks given to a regional newspaper, which quoted him saying “Pakistan will be out of grey list by September 2019…read more Maturity of international bond: Pakistan to pay back $1.129 bn next week (News) Pakistan will have to pay back over $1.129 billion next week on maturity of five year international bond at a time when the country’s net international reserves… read more
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LCCI Morning News · 2019. 4. 8. · Monday, November 26, 2018 Morning News Lahore Chamber of Commerce & Industry Good Morning ! Currencies E conomy : Domestic / International Cost
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Source: SBP, PSX, NCCPL, BMA Research Bloomberg
Economy: Domestic /InternationalMonday, November 26, 2018
Morning News Lahore Chamber of Commerce & IndustryGood Morning !
Currencies
E conomy: Domestic / International
Cost of domestic debt servicing mirrors existing policy rate
Morning News Lahore Chamber of Commerce & Industry
Debt Servicing Cost Effective Rate Period End Policy Rate
Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctions (Reuters)
Oil prices rose to their highest level since Nov. 2018 on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and strong U.S. jobs data. read more
Pakistan economic growth will slow down to 3.4 percent: World Bank (Dawn)
The World Bank has forecasted that Pakistan''s economic growth will slow down to 3.4 percent during current fiscal and will further decelerate to 2.7 percent in 2019-2020, as fiscal and monetary policies are tightened to address macroeconomic imbalances. Pakistan''s GDP growth is projected to slow down to 3.4 percent in fiscal year 2018-19, from 5.8 percent a year before…read more
Pakistan, IMF at odds over Rs5.4tr tax collection target (ET)
Pakistan and the International Monetary Fund (IMF) have been unable to sort out differences over the fiscal policy because of the latter’s demand that the federal tax collection be increased to nearly 13% of the size of the country’s economy within a year…read more
Global economy enters ‘synchronisedslowdown’ (Financial Times)
The global economy has entered a “synchronised slowdown” which may be difficult to reverse in 2019, according to the latest update of a tracking index compiled by the Brookings Institution think-tank and the Financial Times.…read more
SBP official creates stir with FATF remarks (Dawn)
A high-ranking official of the State Bank of Pakistan (SBP) created a stir on social media with remarks given to a regional newspaper, which quoted him saying “Pakistan will be out of grey list by September 2019…read more
Maturity of international bond: Pakistan to pay back $1.129 bn next week (News)
Pakistan will have to pay back over $1.129 billion next week on maturity of five year international bond at a time when the country’s net international reserves…read more
Sectors Buy Sell Total Ind. Bank Insurance MF Others Total
LIPI (USDmn)FIPI (USDmn)
Monday, April 8, 2019
Azerbaijan willing to give oil, gas to Pakistan on deferred payment (News)
Federal Minister for Energy and Petroleum Ghulam Sarwar Khan has said Pakistan is aggressively exploring oil and gas sources both offshore…read more
Govt announces crackdown as dollars vanish in open market (Dawn)
Signs of panic are now appearing in foreign currency markets as the dollar touched Rs148 in open trading on Friday and the information minister announced that “a full-fledged operation against dollar hoarding and speculative currency trade” is going to be launched…read more
Auto financing shrinks sharply amid rising interest rates (Dawn)
Amid rising interest rates and the declining value of rupee, the share of financing in total auto sales has decreased to 20 per cent from the 30-35pc in the last fourteen months…read more
SNGPL seeks Rs 723.37 per/mmbtu increase in normal business (BR)
Sui Northern Gas Pipelines Limited (SNGPL) has sought an increase of Rs 723.37 per mmbtu in normal business (including LPG), Rs 80.84 per mmbtu in LNG business relating to diversion of RLNG to domestic consumers in winter of financial year 2018-19, and determination of Rs 111.32 per mmbtu in LNG business…read more
DRAP suspends production of 31 pharmaceuticals on overpricing
The Drug Regulatory Authority of Pakistan (Drap) has suspended production of 31 manufacturers on unauthorised increase in maximum retail prices of 143 medicines, a statement said on Saturday…read more
PSDP 2018-19: Government releases Rs 417.38 billion against budgeted Rs 675 billion (BR)
The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 417.38 billion (61.83 percent) including Rs 160.3 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocation of Rs 675 billion…read more