Investor Presentaiton

Chapter I - Macroeconomic Outlook and Challenges Industry will have to reorient itself to become functional again in the new norms of social distancing. The entire value chain of the Country has been disrupted requiring short to long term measures to bring them back to normal functioning. To respond to the Coronavirus Pandemic, the Federal Government has announced a PKR 1.2 trillion relief and stimulus package, the largest ever stimulus package, focusing on healthcare, social protection and economic stability and stimulus. With regards to healthcare, the Federal Government has released PKR 25 billion to National Disaster Management Authority for procurement and distribution of equipment. An additional PKR 50 billion is set aside for incentivizing health workers and healthcare equipment. An emergency fund has been established having a budget of PKR 100 billion. Federal Government relief package PKR 1.2 Trillion PKR 15 Billion on food and health items. PKR 70 Billion relief on POL Defer Electricity Bill Payments PKR 50 Billion for Health Workers PKR 25 Billion National Disaster Management Authority PKR 150 Billion for Emergency Cash Program ED PKR 200 Billion for daily wage workers/ employees Under social protection, the Federal Government has launched the Ehsaas Emergency Cash Program of PKR 150 billion for vulnerable families out of which PKR 81 billion has been disbursed to 6.6 million families. PKR 200 billion has been allocated for daily wage workers/ employees. For economic stability and stimulus, various measures have been undertaken. Tax relief has been provided amounting to PKR 15 billion on food and health items. Relief of amount PKR 70 billion has been provided by reducing petrol and diesel prices. Low usage consumers of power and gas can defer their payments. Similarly, relief of PKR 200 billion has been provided to Exporters, Agriculture and SME sector. Funds (PKR 50 billion) have been provided to Utility Store Corporations to ensure provision of food items at affordable prices. The SBP has also cut the policy rate to 8% and has given relaxation of one year in repayment of principle under various refinance schemes. SBP will also provide a refinance scheme to support employment of workers. Credit limit to SMEs has been increased to PKR 180 million. The construction sector has been given a special stimulus package that includes amnesty scheme, tax exemptions and PKR 30 Billion subsidy for Naya Pakistan Housing Project. The Construction Sector has been allowed an increased advance payment of up to USD 25,000 by the SBP for import of raw materials and spare parts. The Government has also been provided with external financing from World Bank USD1.79 Billion, IMF USD1.4 Billion, Asian Development Bank USD1.75 Billion, Islamic Development Bank, G-20/ Paris Club USD1.8 Billion, United Nations and countries such as USA, Japan, China. These include both loans and grants. The funding is earmarked for emergency medical supplies, relief funds, National Disaster Risk Management Fund, Development Policy Credit, reduction in interest payment and budgetary support. The IMF has also announced a Rapid Financing Facility of USD 1.4 billion. External Financing of USD 6.74 Billion to Federal Government through Loans & Grants World Bank (USD 1.79 billion) Asian Development Bank (USD 1.75 billion) Page 3 IMF (USD 1.4 billion) ISDB Islamic Development Bank, G- 20/ Paris Club (USD 1.8 billion)

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