Exchange rate Mantra:  

The exchange rate has appreciated by 10% or 23 Rupees in last two weeks. Is it organic or managed?  

1- For the past two weeks the volatility in the interbank market is almost zero. 2- In the first 30 minutes market sets the rate of that day and trade throughout on same rate till close  

3- Banks are not supplied with dollar by SBP. All they are allowed to do is squaring their exports proceeds with imports payments

Current Account Explained (9M FY22)

•The country current account has corrected massively since February
•This is despite huge build up in energy price imports and commodity prices in general
•Importantly, non-oil current account balance is now in surplus (1/n) As per SBP, the CAD came in at $1.02bn in March, up from $519mn in February
•The increase in March CAD mainly due to repatriation of CPEC related energy payments roughly by $300mn
•Important to note, the country is riding on all time high monthly and yearly exports (2/n)

Finance Supplementary Bill, 2021 laid in Parliament. The bill is open for debate. The bill is carefully crafted to protect the food basket of common people. Education books, imported parts of computer & laptops. Reduce GST for agriculture inputs, used clothing & footwear Withdrawal GST exemptions on large ships, imported bicycles, imported formula milk, live animals, imported meat, journals & periodicals, pharma raw martials

Government of Pakistan
Finance Division
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Islamabad: November 27, 2021

CLARIFICATION

In response to news item published in daily The Express Tribune titled “Rs40b irregularities detected in PM’s Covid package”, it is clarified that the Covid related expenditure report was part of the overall audit report prepared by Auditor General office for FY2020, which has already been laid in Parliament. As such the report is already in public knowledge.

As we all know the ‘fake news’ is the biggest challenge to this government. There is fake news circulating related to ‘Adviser to Finance’ meeting with Chinese Economist comments in Joint session. This is absolutely rubbish social media message no such interaction took place The objective of this message would be to spread despondency. Advisor to Finance, Shaukat Tarin, took strong notice of this fake news and decided to file complain with FIA for proper investigation to identify the source and strict action according to law

ERD/M&PRD/PR/01/2021-107 October 06, 2021

SBP takes measures to curb undesirable foreign currency outflow

1/n In order to enhance transparency in the foreign currency transactions by exchange companies and to curb undesirable outflow of cash foreign currency, the State Bank of Pakistan has introduced following regulatory measures:

2/n

ترجمان وزیر خزانہ
06اکتوبر 2021ء

وفاقی وزیر خزانہ و محصولات شوکت ترین نے آج نیشنل پرائس مانیٹرنگ کمیٹی کے اجلاس کی صدارت کی۔

اکنامک ایڈوئزر نے بریفنگ دیتے ہوئے اجلاس کو بتایا کہ مہنگائی کی رفتار میں ماہ ستمبر میں کمی دیکھی گئی۔
1/n SPI کے آخری دو ہفتوں میں اوسطا صرف 08 0.فیصد اضافہ ہوا ہے۔

اس ہفتے میں 10 اشیاء کی قیمت میں کمی ہوئی جبکہ 21اشیاء کی قیمتوں میں استحکام رہا۔

اسی طرح سےCPI میں بھی کمی دیکھی گئی ہے۔ پہلی سہ مائی میں اوسطاً 8.58 فیصد رہی۔ 2/n

*1/n Pakistan’s Economy Shows Momentum as Virus Cases Taper Off*

By Faseeh Mangi

_Covid-19 worries dim as cases drop, 96% patients recovered_
_Cement sales rise close to record, gasoline at all-time high_ 2/n Pakistan is showing signs of business activity picking up at a faster clip, as worries about new coronavirus infections fade in an economy that contracted for the first time in seven decades.

1/n Pakistani’s are getting thank less with time... let’s discuss our recent behaviour.

1) We need lockdown, we should not bother about growth, deficit. Jan hai tu jahan hai

2) Phir this government is not doing enough to support business, employment. Aab kahan gayiee jaan? 2/n 3) lockdown ease, strategy change...challo hiee firing start. Govt has choked the health system. People are dying. World is making fun of corona virus spread. Speeches in parliament, media... IK must resign