External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Cross Asset Strategy

<ul><li>To meet the structural benchmark under the IMF Stand By Agreement (SBA), the National Accounts Committee (NAC) approved annual estimates of GDP for the years FY22 (final), FY23 (revised) and released quarterly estimates for 1QFY24.</li><li>To recall, as per structural benchmark, “PBS will compile and disseminate the First Quarter estimates for 2023-24 and the revised annual estimates for the financial year 2022-23 by end of November 2023.”</li><li>To highlight, this is not the first time the government is releasing quarterly GDP numbers, the same practice was also seen in FY13-FY14 when the government released quarterly numbers but discontinued after a few quarters.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

To meet the structural benchmark under the IMF Stand By Agreement (SBA), the National Accounts Committee (NAC) approved annual estimates of GDP for the years FY22 (final), FY23 (revised) and released quarterly estimates for 1QFY24.To recall, as per structural benchmark, “PBS will compile and disseminate the First Quarter estimates for 2023-24 and the revised annual estimates for the financial year 2022-23 by end of November 2023.”To highlight, this is not the first time the government is releasing quarterly GDP numbers, the same practice was also seen in FY13-FY14 when the government released quarterly numbers but discontinued after a few quarters.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Economy - Pakistan GDP grew 2.13% in 1QFY24; In line with expectations