ESSENTIAL PAKISTAN MARKET STATISTICS AND ECONOMIC INDICATORS

Market Data and Economic Indicators and Business News Updates

Weekly Performance (May 17, 2024 – May 10, 2024)

• PKR InterBank: 278.2097 ↑ from 278.1211
• KSE100 Index: 75,342.35 ↑ from 73,085.50
• Average Daily Volume: 554,505,105 ↓ from 717,343,635
• Gold (Karachi) Rs/10 gm: 210,048 ↑ from 209,019
• KIBOR 6M: 21.29 ↓ from 21.58
• 10Y PIB: 14.13 ↓ from 14.20
• EUR: 1.087 ↑ from 1.0771
• GBP: 1.2701 ↑ from 1.2525
• CHF: 0.9092 ↑ from 0.9065
• JPY: 155.672 ↓ from 155.774
• CNY: 7.2238 ↓ from 7.2268
• GOLD (USD/Oz): 2,414.61 ↑ from 2,360.54
• SILVER (USD/Oz): 31.431 ↑ from 28.178

Open Market Rates (May 17, 2024 – May 10, 2024)

• USD: 279.50 ↑ from 279.25
• EUR: 302.08 ↑ from 299.20
• GBP: 352.31 ↑ from 347.77
• JPY: 1.79 (unchanged)
• AED: 75.99 ↑ from 75.80
• SAR: 74.21 ↑ from 74.07

SBP Data

• T-Bill Auction Cutoff Yield (May 15, 2024 – Apr 30, 2024)
  • 3M: 21.5973 ↓ from 21.6601
  • 6M: 21.2899 ↓ from 21.3849
  • 12M: 20.4052 ↓ from 20.8990
• PIB Auction Cutoff Yield (Apr 16, 2024 – Mar 13, 2024)
  • 3Y: 16.6500 ↓ from 16.7800
  • 5Y: 15.4800 ↓ from 15.4899
  • 10Y: 14.3500 (unchanged)
  • 15Y, 20Y, 30Y: No bids received
• Interest Rate Corridor (Jun 27, 2023 – Apr 05, 2023)
  • SBP Policy Rate: 22.00 ↑ from 21.00
  • SBP Reverse Repo Rate: 23.00 ↑ from 22.00
  • SBP Repo Rate: 21.00 ↑ from 20.00

Weekly Indicators (May 10, 2024 – May 03, 2024)

• SBP FX Reserves: 9,135.50 ↑ from 9,120.30
• Bank FX Reserves: 5,490.90 ↑ from 5,338.60
• Total FX Reserves: 14,626.40 ↑ from 14,458.90
• SPI (Combined Group): 309.25 ↓ from 312.56
  • Change – WoW (pct): -1.06 ↓ from -1.39
  • Change – YOY (pct): 21.22 ↓ from 22.32

Monthly Indicators (April – March)

• Consumer Price Index (Base 2015-16): 263.32 ↓ from 264.46
  • Change – MOM (pct): -0.43 ↓ from 1.71
  • Change – YOY (pct): 17.34 ↓ from 20.68
• Wholesale Price Index (Base 2015-16): 315.74 ↓ from 317.95
  • Change – MOM (pct): 0.70 ↓ from 1.25
  • Change – YOY (pct): 13.88 ↓ from 14.78
• Sensitive Price Indicator (Base 2015-16): 323.96 ↓ from 324.06
  • Change – MOM (pct): -0.03 ↓ from 2.29
  • Change – YOY (pct): 28.77 ↓ from 31.86
• Exports: 2,352.00 ↓ from 2,567.00
• Imports: 4,865.00 ↑ from 4,855.00
• Trade Balance: -2,513.00 ↓ from -2,288.00
• Home Remittances: 2,811.86 ↓ from 2,953.98
• Total Foreign Investment: -604.71 ↓ from 311.20
• Current Account Balance: 491.00 ↑ from 434.00
• REER Index: 104.5122 ↑ from 104.0949
  • Change – MOM (pct): 0.40 ↓ from 1.96
  • Change – YOY (pct): 22.15 ↑ from 21.60
• Large Scale Manufacturing Index: 115.53 ↓ from 127.44
  • Change – MOM (pct): -9.35 ↓ from -3.08
  • Change – YOY (pct): 2.04 ↑ from 1.19

Quarterly Indicators (Mar 31, 2024 – Dec 31, 2023)

• Pakistan’s External Debt: 130,401.70 ↓ from 131,446.40
• National Accounts – Growth Rates (%)
  • Q2 – FY24
    • Agriculture: 5.02 ↓ from 8.58
    • Industry: -0.84 ↓ from -0.24
    • Services: 0.01 ↓ from 0.92
    • Total: 1.00 ↓ from 2.50

Annual Indicators (FY23 – FY22)

• GDP Growth Rate: -0.17 ↓ from 6.17
• Agriculture: 2.25 ↓ from 4.28
• Manufacturing: -5.29 ↓ from 10.86
• Commodity Sector: -0.50 ↓ from 5.49
• Services Sector: 0.07 ↓ from 6.66
• Budget Deficit (As % of GDP): -7.70 ↓ from -7.90
• Total Debt & Liabilities (As % of GDP): 91.10 ↑ from 89.70
• Total Debt & Liabilities (Rs. Billion): 77,104.10 ↑ from 59,772.10
• Trade Balance (July – June): -27,547.00 ↑ from -48,354.00
• Worker Remittances (July – June): 27,027.63 ↓ from 31,278.80
• Foreign Investment (July – June): 429.67 ↓ from 1,857.84
• Current Account Balance (July – June): -2,387.00 ↑ from -17,481.00
• Annual Inflation Rate (July – June): 29.18 ↑ from 12.15

Note: Amounts in USD Million unless otherwise specified.