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Money and Banking: Pakistan


The State Bank of Pakistan's (SBP) corrective measure to bring back rupee on track, helped the national currency to recover some gains against the dollar in both the interbank and open market on Tuesday, dealers said. Since the political crisis emerged the rupee lost approximately, four percent versus the dollar, experts said.

The Pakistan Economy Watch (PEW) on Tuesday expressed grave concern over retreat of rupee and suggested some control on free movement of foreign exchange to stop erosion in the value of local currency. The political situation is contributing to the devastation of economy while massive flight of capital is resulting in depleting exchange rates which must be stopped by restricting movement of dollar, said Dr Murtaza Mughal, President PEW.
Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (August 26, 2014).

Jubilee Life Insurance Capital Growth Fund Rates on Tuesday (August 26, 2014).

JLI Meeseq Fund Rates on Tuesday (August 26, 2014).

JLI Yaqeen Growth Fund Rates on Tuesday (August 26, 2014).

EFU Managed Growth Fund Rates on Tuesday (August 26, 2014).

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln