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Money and Banking: Pakistan


The dollar managed to gain modestly against the rupee on the currency market on Wednesday in the process of trading, dealers said. Some experts said the rupee may not fluctuate sharply against the dollar in the near future, adding if supply of dollars matched with the demand, the domestic currency to resist erosion in its value.

The Senate was informed on Wednesday that appreciation of the PKR against the US dollar helped reduce the debt obtained from the International Monetary Fund (IMF) to Rs 44.39 billion. Replying to a supplementary question on behalf of federal minister for finance Ishaq Dar, during question-hour in Senate, state minister for finance Baleeghur Rehman said the appreciation of the rupee helped reduce the IMF loans to Rs 44.39 billion.
Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (April 16, 2014).

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (April 16, 2014).

JLI Meeseq Fund Rates on Wednesday (April 16, 2014).

JLI Yaqeen Growth Fund Rates on Wednesday (April 16, 2014).

EFU Managed Growth Fund Rates on Wednesday (April 16, 2014).

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln