Beruflich Dokumente
Kultur Dokumente
24-25, 2016
KCCI - eBulletin
Power project under CPEC runs aground
An electricity transmission project under the CPEC is said to have become unviable reportedly owing to the governments decision
to give priority to power projects in Punjab. The $ 2.1Bn, 878Km long Matiari-Lahore Transmission Line was planned to supply List of Indicators
4,000MW of electricity produced from coal in Sindh to cities in Punjab. This scheme was among the priority projects that China and
USD-Interbank
Pakistan wanted to complete by Dec 2018 in 1st phase of the CPEC construction. Tribune Mon.
US oil, gas services firm to wind up Pakistan operations
A leading international oil and gas services firm is reportedly winding up its operations in Pakistan, causing a setback to exploration
and development companies operating in the country and rendering more than 60 professionals jobless. Based in Houston, US, and
operating in more than 90 countries, Baker Hughes is one of the largest oil field services companies in the world providing the oil
and gas industry products and services for drilling, formation evaluation, completion and production and reservoir consultations.
Dawn - Mon.
Date / Period
Unit
Value
Change Daily
22-Jul
PKR
104.84
0.00%
USD-Open MKT
22-Jul
PKR
105.50
0.00%
KSE-100 index
FIPI
22-Jul
22-Jul
Pts.
$ Mn
39,152
-16.80
-0.39%
NM**
Crude (JU'16)
22-Jul
$/bbl
44.21
-0.79%
Gold (MY'16)
22-Jul
$/oz
1,322.2
-0.87%
22-Jul
PKR
44,228
-2.32%
Silver (MY'16)
22-Jul
$/oz
19.67
-0.96%
22-Jul
PKR
7,111
-2.21%
22-Jul
6.00%
0.00%
8-Jul
$ Bn
23.06
-0.10%
Remittances
Jul-Jun 16
$ Bn
19.90
7.84%
Exports*
Jul-Jun 16
$ Bn
20.80
-12.11%
Imports*
Jul-Jun 16
$ Bn
44.76
-2.33%
Trade Balance*
Jul-Jun 16
$ Bn
-23.96
-8.13%
Current Account
Avg. CPI-FY16*
Jul-May 16
Jul-Jun 16
$ Mn
%
-2,486
2.86
-1.18%
Cotton(KHI)-40 kg
Cotton sowing target missed by wide margin of 21%
Pakistan has missed the cotton sowing target by a wide margin of 21% in the current crop season. As a result, the country would Kibor-6M
miss the production target of 14.1Mn bales by over 25%. Furthermore, due to uncertainty of cotton prices, increased sugarcane
cultivation in the cotton areas, and shortage of certified seed decline in cotton sowing has also been registered. The govt. has Forex Reserves
downward revised cotton production target as well as area and fixed at 14.1Mn bales from 7.4Mn acres for the season FY17 against
15.49Mn bales from 7.7Mn acres estimated for the just concluded season FY16. BR - Sun.
Economic Indicators
WoW
YoY
May-16
Discount Rate
%
5.75
Sources: KCCI Research, PMEX, NCCPL, KSE, SBP, PBS*
WoW= week on week; YoY=Year on Year
Major Currencies
GBP, 24-Jul-16,
137.4
145
12th IMF Review: Dar to hold meeting with SBP officials tomorrow
Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of
Pakistan (SBP). The minister chaired a meeting at the State Bank to review the macroeconomic situation with special reference to
the monetary side for the year ending Jun. 30, 2016. In the context of upcoming 12th IMF Review, the meeting noted that the
performance on the monetary side during the quarter ended Jun.16 remained satisfactory. The forex reserves reached highest-ever
level of $ 23Bn. BR Sun.
SBP issues Exchange Companies Manual 2016
SBP has issued Exchange Companies Manual 2016 in order to update/compile related regulations for the convenience of exchange
companies. Some of the existing instructions contained in SBP Circulars/Circular Letters have been slightly amended in order to
make more clarity. Further, prescribed reporting forms have been made a part of the Exchange Companies Manual. Contents of
Manual and all instructions, directions, orders etc., issued under the Act are without prejudice to the provisions of any other law of
Pakistan or any rules, orders, directions or regulations made there under. BR - Mon.
Nepra likely to approve PKR 2.35/unit refund
Nepra is likely to approve a refund of PKR 2.35/unit to consumers under a monthly fuel adjustment mechanism overcharged by the
power Distribution Companies (Discos) in Jun.16. The regulator has fixed Jul. 28, 2016 for a public hearing on a tariff petition filed
by the Central Power Purchasing Agency -Guaranteed (CPPA-G). The domestic consumers who use up to 300 units monthly and
agriculture consumers are not eligible for the reduction in tariff under monthly fuel adjustment mechanism. BR - Sun.
Pakistan, Afghanistan to discuss border management on Jul. 26, 2016
The first meeting of Afghanistan-Pakistan joint technical working group under the high level consultation mechanism for coordination on border management and related security issues will be held in Kabul on Jul. 26, 2016. BR - Sun.
Banks waived off PKR 280Bn loans
Different commercial banks have waived off loans of worth PKR 280Bn during 2013-15. In this regard, Finance Ministry has
submitted that PKR 430.98Bn were written off from 1990 to 2015. The beneficiaries who got their loans written-off included public
and private firms, commercial and govt. banks, private companies and mills and industrialists. According to the Finance Ministry, a
detailed report revealed that private companies managed to get over PKR 50Bn in bank loans waived off from 1990 to 2015. BR Sun.
Import of generators in Pakistan surges 38% to PKR 192Bn
According to the PBS, the import of power generating machinery soared 38% to PKR 192Bn during FY16. In terms of dollars, it rose
34% to $ 1.83Bn. However, Minister of State for Water and Power has reiterated that the govt. would put an end to load-shedding
in 2018. Tribune Sun.
Profits of life insurance companies rise 28.5%
Life insurance companies operating in the private sector earned a net profit of PKR 798.6Mn in 1QFY16, which is up 28.5% from the
comparable period of 2015. According to the latest data released by the Insurance Association of Pakistan (IAP), the penetration of
life insurance is only 0.51% of GDP in Pakistan. The savings-to-GDP ratio decreased from 14.7% in FY15 to 14.5% in FY16. Tribune
Sun.
Initiative on GHG emissions launch on July, 26. 2016
The Sustainable Energy Initiative for Industrial sector would be launched on Jul 26th, 2016 in order to avoid greenhouse gas (GHG)
emissions by the developing world in addition to promoting a market environment, The Initiative will also help stimulate
investments in renewable energy and energy efficiency projects in the industry, which in turn will support industrial development in
the energy-scarce country. The United Nations Industrial Development Organization (UNIDO) is implementing a Global Environment
Facility (GEF) funded project entitled; "Sustainable Energy Initiative for Industries in Pakistan". Daily Times - Mon.
135
EUR, 24-Jul-16,
115.0
125
115
105
95
USD, 24-Jul-16,
104.8
85
75
Jul-15
Oct-15
USD
Jan-16
GBP
Apr-16
EUR
Jul-16
1,006
Transport
965
780
Telecommunications, Computer,
322
Travel
89
Financial services
Insurance and Pension services
52
Construction
42
29
20
2
500
1000
1500
2000
2500
Value in $ Mn
Disclaimer
This report has been prepared by KCCI Research & Development Cell. The
information contained herein have been compiled or arrived at based upon
information obtained from sources believed to be reliable and in good faith. Such
information has not been independently verified.
icon represents the sole viewpoint of the KCCI R&D Cell, and is
stated to enrich the readers' understanding of the news item. The