National CPI rose to 9.3% yoy in July 2020 vs. 8.6% yoy in June. Urban non-food inflation continued to drop (3.9% in July vs. 4.7% in June), while Rural non-food inflation rose to 6.3% vs. 5.8% in the previous month. This was largely led by yoy rise...

The KSE-100 bounced back sharply in July 2020 (up 14%mom) after muted performance in June (CYTD decline narrowed to -3.6%). KSE-100 has rallied c.44% (12,030 points) from its CY20td low in March, where we think the rally can extend if (i) future econ...

Sporadic pick-up in Covid-19 infections globally (notably in some of the early success stories during the first wave, China and Vietnam). This resulted in a drag on local bank Credicorp (60% index weight, down 7%), offsetting very strong performance...

Remittances in June 2020 rose an astounding 49% yoy (up 31% mom) to US$2.5bn, which is also the highest monthly inflow ever recorded. Expats sending money to families in Pakistan to support them against the health and economic effects of the pandemic...

For manufacturing activities not easily replaced by automation or 3D printing, which countries win share from China? Low wages and scale matter most in this segment: We plot wage curve up to China in countries with over 40mn population. Labour flexib...

Rahat Kaunain has been appointed the Chairperson of the Competition Commission of Pakistan (CCP). The appointment can be important for some sectors, as the CCP was relatively active during her previous term. Of late, the government also has intervene...