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Latest articles in Pakistan

Pakistan textile June 2021: Record exports in June close FY21 at a high

Pakistan’s total exports in June 2021 clocked in at US$2.7bn, up a sharp c.65% mom, while up c.70% yoy (distorted by Covid-19 lockdown last year). Textile exports surged to a record high as well, of c. US$0.40bn, where raw cotton imports rose c.25% m...
Intermarket Securities Abdul Ghani
Abdul Ghani Mianoor @ Intermarket Securities 23 July 2021

Pakistan balance of payments: Alarming CAD in June; FY21 also ends with a CAD

As per SBP data, Pakistan’s current account deficit in June 2021 deteriorated to a 30mth high of US$1.65bn - turning the cumulative balance in FY21 to a deficit of US$1.85bn from a near surplus in the previous 11 months. In concert, the PKR/USD has d...
Intermarket Securities Saad
Saad Ali @ Intermarket Securities 23 July 2021

Pakistan credit penetration is low and getting worse; can fintech change this?

In this report we explain what is driving this low credit penetration, what steps the authorities have recently taken to tackle this issue, and the potential impact of fintechs. This has led to the overall loans/deposits ratio of banks coming down fr...
Tellimer Research Rohit
Rohit Kumar @ Tellimer Research 21 July 2021
Pakistan credit penetration is low and getting worse; can fintech change this?
Pakistan credit penetration is low and getting worse; can fintech change this?

Pakistan Autos: June 2021 results preview

For June 2021 results, we expect our Auto Universe to post combined net profits of PKR4.9bn, down 8% qoq, amid a 16% qoq decline in volumetric sales and slight improvement in margins, in our view. The announcement of the awaited new Auto policy and r...
Intermarket Securities Abdul Ghani
Abdul Ghani Mianoor @ Intermarket Securities 19 July 2021

Pakistan Strategy: Pakistan-Afghanistan trade starts to decline after US exit

The rapid Taliban advance in Afghanistan, as US forces withdraw, has implications for Pakistan’s security and trade. Other major exports included chemicals, pharmaceuticals, machinery, electrical equipment and paper & packaging material. Note that ex...
Intermarket Securities Saad
Saad Ali @ Intermarket Securities 16 July 2021

Pakistan investment fintechs have great potential, but challenges too

Pakistan’s investment industry is deeply underpenetrated. There is scope for more investechs in Pakistan. This is similar to what we have seen in other markets; for example, Ant Group, the world’s largest fintech, started as a payments platform (Alip...
Tellimer Research Rohit
Rohit Kumar @ Tellimer Research 16 July 2021
Pakistan investment fintechs have great potential, but challenges too
Pakistan investment fintechs have great potential, but challenges too