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The rupee managed to sustain its overnight levels against the dollar on the local currency market on Saturday, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 102.90 and Rs 103.10 respectively. The rupee continued its decline versus the dollar losing 40-paisa in relation to the euro for buying and selling at Rs 130.25 and Rs 130.65 respectively, they said.

Economists have urged the government to reduce the rising public debt as it will become a major source of macroeconomic instability, low growth, unemployment and poverty in the country. The government should scale down public debt, improve its composition, condition debt contracting with returns and manage it professionally. This was the gist of the ''National Debt Conference'' jointly organised by PRIME and Business Recorder in collaboration with Friedrich Naumann Foundation.
Adviser to Finance Ministry, Rana Asad Amin has said that a fully functional debt management cell would be made operational by next month to manage and reduce the country''s debt-to-GDP ratio. Speaking as chief guest at the concluding session of National Debt Conference jointly organised by PRIME and Business Recorder in collaboration with Friedrich Nauman Foundation, Rana said the government plans to reduce public debt to less than 55 percent of GDP by June 2017 and move towards a sustainable profile.
The rupee failed to come out of the woods after surrendering its overnight gains against the dollar on the money market on Friday, dealers said. The rupee slid in terms of the dollar, losing 30-paisa for buying and selling at Rs 103.25 and Rs 103.30 respectively, they said.
ImageThe National Bank of Pakistan (NBP) on Friday announced to launch "Foree Remittance Account" aimed at facilitating the overseas Pakistanis and enhance home remittance flow in the country.
Jubilee Life Insurance Managed Growth Fund Rates on Friday (October 24, 2014).

Jubilee Life Insurance Capital Growth Fund Rates on Friday (October 24, 2014).


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln