Macro Bites

Macro Bite # 77

2 min read

WEEKLY DATA WATCH

KSE-100 rose this week, as investor anxiety subsided over the government’s supplementary finance bill. PKR depreciated slightly this week, due to the release of December’s import numbers. Local gold prices rose marginally this week.
The annual change in Sensitive Price Index rose to 20.08% vs. 20.05% last week, the highest in a decade. The poorest of the country (Q1) were disproportionately affected with a change of 21.38% vs. 20.24% for Q5. On a weekly basis, prices rose for all quintiles by 0.08%.
Increase in prices of Petrol (+2.68%) and Chicken (+4.45%) contributed to weekly inflation. A fall in the price of Chilli Powder (-14.5%), Tomatoes (-18.3%) and Eggs (-2.23%) helped moderate inflation this week.

What Else We’re Reading (Local)

  • Pakistanis have lost approximately PKR 17.5 billion through apps linked to cryptocurrency exchange Binance. (Profit)
  • Will the government’s new small and medium enterprises (SME) policy bring about a revolution in the sector? (Dawn)

What Else We’re Reading (International)

  • India’s economy is set to become the world’s fastest-growing this year, with an estimated 9.2% GDP growth. (Bloomberg)
  • Russian troops have moved into Kazakhstan to help the country’s beleaguered dictator stay in power, amid escalating street protests. (FT)

Asad Pabani

Journalist, researcher and documentary filmmaker. Prior works featured in Dawn, Soch Videos and Pioneers Post.

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