As we approach 2023, it’s important for investors to stay informed about Pakistan’s economic landscape and identify the sectors and opportunities that are likely to offer the best potential returns. While the past year has been marked by significant economic instability, it’s important to understand that this trend is expected to continue into the coming year. Political uncertainty, IMF conditions, high inflation, and exchange rate vulnerability are all factors that are likely to persist until the 4th quarter of 2023.
Promising Sectors for Investment
The State Bank of Pakistan (SBP)’s monetary policy committee will convene on Jan 22’21 to set interest rates for the next 2 months. We project the central bank to opt for a status quo and keep interest rates unchanged at 7.00%.Our stance is largely underpinned upon: 1) contained external accounts with a current account surplus… Continue reading Status Quo likely in upcoming Monetary Policy
Pakistan records 5th consecutive monthly current account surplus in FY21 Dear Friends, Based on the data released by the SBP, Pakistan’s external account recorded its 5th consecutive monthly surplus, registering at USD 447mn during Nov20 against a deficit of USD 326mn in Nov19. Despite an 18% Y/Y increase in the trade deficit to USD 1,850mn… Continue reading November 2020 Balance of Payment monthly update