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Money and Banking: Pakistan


The rupee moved both ways against the dollar on the local currency market during the week, ended on April 25, 2015. In the interbank market, the rupee moved up by six paisas versus the dollar for buying and selling at Rs 101.57 and Rs 101.59.

Futures spreads remained descended into the red zone last week to 10.55 percent, depicting a decline of seven basis points compared to 10.62 percent of the preceding week. The week under review saw the average trading volume growing by 61.9 percent to 66.35 million shares from 40.98 million of the previous week. The traded value averaged on Rs 5.453 billion, up 55.1 percent from Rs 3.515 billion, Week-on-Week.
Slight recovery was seen on the money market at the week-end as the rupee managed to gain modestly versus the dollar in the process of trading, dealers said. The rupee posted fresh gain of five-paisa in relation to the dollar for buying and selling at Rs 102.45 and Rs 102.65 respectively, they said.
The Pakistan Credit Rating Agency (PACRA) has assigned "Positive Outlook" to the Insurer Financial Strength (IFS) rating of "A" (Single A) of Adamjee Life Assurance Company Limited (ALAC). The rating denotes strong capacity of the company to meet policyholder and contractual obligations.
The rupee managed to sustain its overnight levels against the dollar on the money market on Friday, dealers said. The rupee held the last closing levels versus the dollar for buying and selling at Rs 101.63 and Rs 101.65 respectively, they said.
Jubilee Life Insurance Managed Growth Fund Rates on Friday (April 24, 2015).

Jubilee Life Insurance Capital Growth Fund Rates on Friday (April 24, 2015).


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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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
WeeklyApril 16, 2015
Reserves $16.818 bln