Pre-Trading Thoughts

Real GDP growth rate recorded in 9M FY21/22 was 7.8%, recording 5.4% in 3QFY2021/22, with expectations to reach 6.2% in FY21/22. Prime Minister pledged fresh incentives to draw foreign investors into the country for projects including data centers, LNG terminals, telecom towers, oil and gas pipelines, and wind plants. CBE data showed that external debt amounted to USD145.5 billion at the end of December, of which 91.2% are long-term debt. The government will hold public consultations on its p...