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Money and Banking: Pakistan


A downward trend was seen on the money market on Monday as the rupee depreciated against the dollar on strong demand in process of business, they said. The rupee dropped by seven paisa versus the dollar for buying at Rs 102.04 and it also shed 10 paisa for selling at Rs 102.08, they said.

Jubilee Life Insurance Managed Growth Fund Rates on Monday (May 25, 2015).

Jubilee Life Insurance Capital Growth Fund Rates on Monday (May 25, 2015).

JLI Meeseq Fund Rates on Monday (May 25, 2015).

JLI Yaqeen Growth Fund Rates on Monday (May 25, 2015).

The following were the revised rates of debt securities on Monday (May 25, 2015).

Hailing the State Bank of Pakistan's decision of reducing interest rate to a 42-year low of seven per cent in its monetary policy announced on Saturday, Lasbela Chamber of Commerce and Industry (LCCI) urged the central bank's governor to slash 100 basis points for Export Refinance Scheme so that export-oriented industries could also heave a sigh of relief.
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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln