Pakistan’s CPI Inflation Fell to 8.4% in July 2021: PBS

Pakistan’s (CPI)-based inflation slowed down to 8.4 percent
compared to 9.7 percent of the previous month (June, 2021) and
9.3 percent of the corresponding month of last year (July, 2020) as
noted by the Pakistan Bureau of Statistics (PBS).


FDI plunges by 28.9pc in FY21 

The net Foreign Direct Investment (FDI) has been decreased by
28.9 percent in financial year 2021 in Pakistan due to outbreak of
Covid-19 pandemic. In written replies to the questions of the
members, Minister In-charge of the Prime Minister’s Office told the
National Assembly during question hour session, on Monday.


Trade deficit swells by 81.4pc 

Pakistan’s trade deficit has ballooned by 81.4 per cent to $ 3.058
billion in July 2021 as compared to $ 1.686 in the corresponding
month of 2020. According to provisional foreign trade figures
during the first month of current fiscal year (2021-22), imports stood
at $ 5.405 billion as compared to $ 3.687 billion in July 2020,
showing a massive growth of 46.6 per cent or $ 1.718 billion.


Rupee weakens by Rs1.2 to hit nine-month low against dollar

The rupee continued to lose its ground against the US dollar during
the second consecutive session in the interbank market on
Monday, depreciating by Rs1.2 to close the day’s trade at
Rs163.67 per USD.


RLNG price increased 

The regulatory body has increased the provisional price of RLNG
for the consumers of both gas companies; and jacked up the
rates for the consumers of the SNGPL by $0.692 per mmbtu or 5.4
percent, while for the consumers of the SSGC it has been
increased by $0.707 per mmbtu or 5.6 percent.


Pak Suzuki Breaks Record for Highest Ever Sales in Pakistan

Pak Suzuki Motor Company (PSMC) has recorded the highest ever
sales in the history of Pakistan’s Auto industry in a month. The
company has closed July 2021 with over 15,200 vehicle sales.