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Money and Banking: Pakistan

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The rupee was slightly down versus dollar on the currency market during the week ended on February 4, 2012. In the interbank market, the rupee dropped five paisa against dollar for buying at 90.40 and five paisa for selling at 90.45.

With a new era of information technology the bank customers are also gradually shifting towards the internet banking and with over 100 percent growth, internet banking transactions value reached Rs 85 billion during first quarter of current fiscal year.
Anjuman Kashtkaran Punjab (AKP) President, Peerzada Abdul Ali Zakir Usmani, said that Federal Government has already asked all the commercial banks to write off the outstanding loans of rice millers and traders of flood-affected areas of Sindh and Balochistan. It is in order to win the political support of the masses ahead of the upcoming polls.
Modest recovery was seen on the currency market on Friday in process of trading, marketmen said. The rupee gained seven paisa against dollar for buying at 89.93 and rose by six paisa for selling at 89.96, they said.
New Jubilee Life Insurance Managed Growth Fund Rates on Friday (December 30, 2011).

New Jubilee Life Insurance Capital Growth Fund Rates on Friday (December 30, 2011).

NJLI Meeseq Fund Rates on Friday (December 30, 2011).


China Wholesale

brindex
9098.8   Arrow 29.37
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Banking Review 2011


The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

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