Economic Data

Total Imports – SBP

FY23 me Pakistan ki Total imports, import curbs, and Government ki taraf se kiye gae fiscal measures ki wajah se 27% YoY se decrease hokar USD52bn tak pohanch gai.

Import Breakup

Total Exports – SBP

FY23 kay doran Pakistan ki Exports last year kay duration me USD28bn, se 14%

YoY, se kam hokar USD32bn hogaen

Textile Exports – SBP

Pakistan ki total textile export 34% YoY se declined hogaen, June 23.

IT Exports – SBP

Pakistan ki IT exports last year kay same duration me USD2.6bn se comparatively USD2.61bn per flat rahin, During FY23.

Balance of Trade

Pakistan ka trade deficit 74% YoY se decline hokar USD1.0bn hogaya jo kay last year kay same duration me USD4.1bn tha, June 2023.

Remittances

Overseas workers kay remittances inflow June mein USD2.2bn recorded hue, jisme 4% ki kami dekhi gae. 

Same as YoY basis per remittances 22% se decrease hui, Cumulatively, total inflows during FY23, USD27bn raha, down by 17% YoY.

Current Account Balance

Pakistan kay current account balance mein USD334mn ka surplus dekha gaya in fourth consecutive month of Jun’23.

Jab kay Import restrictions and rise in remittances ki wajah se Jun’22 mein USD2.3bn ka deficit record hua.

Foreign Exchange Reserves

Pakistan kay foreign exchange reserves July 14, 2023 kay ending week mein, USD4.2bn kay increment kay sath USD14bn tak pohunch gaye. Increase IMF, UAE, and KSA se massive inflows attribution ki wajah se hua hai.

Inflation

June 2023 mein Pakistan ka Consumer Price Index (CPI) 29.40% YoY, last month record hua, jo kay comparatively last year Jun’2022 mein 21.30% tha.

Policy Rate

26, June 2023, Jab Pakistan International Monetary Fund (IMF) programme ki completion ka wait kar raha tha, State Bank of Pakistan (SBP) ne surprisingly benchmark interest rate ko 100 bps se increase karke 22% kardya.

6-Month KIBOR Rate

The average 6M KIBOR reached 22.7%.

Treasury Bills

Commercial banks ki taraf se Financing rates ka record 22% tak barhane se Government borrowing costs mein izafa hua hai, jiski wajah Central bank ki policy mein 100bps ka attribute hai.

FBR Tax Collection

Federal Board of Revenue ne May’23 kay lye PKR 572bn ka revenue collect kia he, jis me approximately, 16% YoY ka izafa hua he.

Exchange Rate

Economy ko stable karne kay lye Government ki efforts kay bawajood high import payments, depleting foreign exchange reserves, and political instability ki wajah se currency ke historic low levels per hit hue.

DATA by SBP & Graphs, Charts powered by Chase Securities.
Report by: Muhammad Noman – MN