MARKET OUTLOOK - 27TH JULY 2021

Refined sugar import: MoF asked to arrange Rs18bn
Finance Minister Shaukat Tarin has directed Ministry of Finance to arrange funds of Rs 18 billion for import of refined sugar of 0.2 million tons, well-informed sources told Business Recorder.
https://www.brecorder.com/news/40109306/refined-sugar-import-mof-asked-to-arrange-rs18bn

MPS today: Key policy rate may stay unchanged
The Governor State Bank of Pakistan (SBP), Dr Reza Baqir will unveil Monetary Policy Statement (MPS) on Tuesday (July 27) for the next two months.
https://www.brecorder.com/news/40109295/mps-today-key-policy-rate-may-stay-unchanged

Govt fails to fully utilise rupee component of PSDP
The government has failed to fully utilise the rupee component of its Public Sector Development Programme (PSDP), and its consumption of the funds stood at Rs551.4 billion against an allocated amount of Rs577 billion during fiscal year 2020-21.
https://www.thenews.com.pk/print/869050-govt-fails-to-fully-utilise-rupee-component-of-psdp

Door-to-door vaccination campaign initiated
The Lahore district administration on Monday commenced the door-to-door Covid-19 vaccination campaign in the provincial capital. It constituted 528 mobile teams to vaccinate 40 percent of the city’s population by August 14.
https://www.brecorder.com/news/40109269/door-to-door-vaccination-campaign-initiated

Saudi foreign minister to visit Pakistan tomorrow
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud will visit Pakistan tomorrow (Tuesday) on the invitation of Foreign Minister Shah Mahmood Qureshi to discuss bilateral ties and regional and international issues, the Foreign Office said on Monday.
https://tribune.com.pk/story/2312187/saudi-foreign-minister-to-visit-pakistan-tomorrow

SECP unveils oily affairs
ISLAMABAD: Securities and Exchange Commission of Pakistan’s (SECPs) internal correspondence has reportedly unveiled unsavoury affairs of M/s Hascol Petroleum and M/s Vitol Dubai Limited.
https://epaper.brecorder.com/2021/07/26/1-page/894528-news.html

Consumer loans jump 32.6pc to Rs708bln in June
State Bank of Pakistan’s (SBP) number presented that consumer loans such as home, car and personal loans, and credit cards rose to Rs708 billion in June from Rs534 billion a year ago. The consumer financing saw a 3.5 percent month-on-month increase in May where it stood at Rs684 billion
https://www.thenews.com.pk/print/869049-consumer-loans-jump-32-6pc-to-rs708bln-in-june