As the Dubai Expo 2020 opens its doors to the world today, so does the Pakistan Pavilion, which looks stunning, quite frankly. The exhibit aims to showcase Pakistan’s beauty through gorgeous landscapes, as well as the religious and ethnic diversity of its people. First glimpses suggest that it does a great job of capturing these themes. What is up for debate, however, is whether the Expo will help Pakistan secure any meaningful financial investment.
KSE-100 fell marginally this week, as the US Senate debated a bill seeking to impose sanctions on the Afghan Taliban, which could extend to Pakistan. PKR depreciated further this week, due to record growth in imports. Local gold prices rose slightly again this week, with wedding season drawing closer.
The annual change in Sensitive Price Index fell to 12.97% vs. 13.88% last week. The poorest of the country (Q1) continue to bear the brunt of increased prices, with a change of 15.00% vs. 12.82% for Q5. On a weekly basis, prices fell for all quintiles by 0.10%.
What Else We’re Reading (Local)
What Else We’re Reading (International)
- Air India is finally being privatised, with Tata reportedly the winning bidder. The state-owned airline hasn’t turned a profit since 2007, sound familiar? (Bloomberg)
- Tired of the same old options, young voters in the German elections turned their backs on the historic centre-left (SPD) and centre-right (CDU) parties. (WSJ)