INVESTMENT RATES IN PAKISTAN

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Aug 11 - 17, 2008

GOLD RATES

GOLD RATES DURING 2008

MONTHS

RATES ( PER TOLA)

Jan

19,250

Feb

21,600

Mar

23,450

April

22,200

May

22,100

June

22,900

July

23,650

Aug

24,800

Various Sources:


NIB BANK LIMITED

TERMS

INTEREST RATE

1 year

6%

2 years

7%

3 years

8%

4 years

9%

5 years

10.50%

Profit is paid monthly. Rates for amount over 5 million will be quoted by treasury.
Source: Nib Bank ltd


FAYSAL BANK LIMITED

SAVING ACCOUNTS

INTEREST RATES

5 lac to 10 lac

5.50%

10 to 15 lac

6.75%

15 to 25 lac

7.50%

FIXED DEPOSITS

above 25000 for 1 year

11.50%

above 25,000 for 2 years

12%

25,000 above 2 years

11.50%

Source: Faysal bank ltd


ALLIED BANK LIMITED

1

FIXED DEPOSITS (FOR ONE YEAR)

INTEREST RATES

 

less than 5 million

9.5%

 

above 5 to 25 million

10%

 

between 25 to 50 million

10.5%

2

Behter Munafa term deposits

 

Mahana Amdani package

10.3%

3

Allied bachat scheme after 7 Ω years profits are doubled

Source: Allied bank ltd


HABIB BANK LIMITED

1

PLS SAVING CHEQUING ACCOUNT

INTEREST RATES

 

( w-e-f 01-01-2008 to 31-05-2008

 
 

for balance from Rs 1/- to 20,000/-

0.1%

 

for balance from Rs.20,001/- & above

1%

 

(w-e-f 01-06-2008 to 30-06-2008)

 
 

for balance from Re.1/- and above

5%

2

PLS SPECIAL SAVING BANK DEPOSITS

 

(w-e-f 01-01-2008 to 31-05-2008)

 
 

only daily actual deposits of less than Rs 20,00/=

0.1%

 

only daily actual deposits of Rs 20,000/= but less than Rs 25 (M)

1.5%

 

only daily actual deposits of Rs. 100(M) but less than Rs 250(M)

2.5%

 

only daily actual deposits of Rs.500(M) but less than Rs.1000(M)

3%

 

only daily actual deposits of Rs.1000(m) but less than Rs. 2000(M)

3.25%

(w-e-f 01-06-2008 TO 31-06-2008)

 

on daily actual deposits of less than Rs.2000(M)

5%

3

HBL VALUE ACCOUNT

 

(w-e-f 01-01-2008 to 31-05-2008)

7%

 

(w-e-f 01-06-2008 to 30-06-2008)

 

4

ENHANCED SAVING ACCOUNT

 

(w-e-f 01-01-2008 to 31-05-2008)

 
 

for balance from Rs 1/- to Rs.20,00/-

4%

 

for balance from Rs.20,0001/- & above

1%

5

BUSINESS VALUE ACCOUNT

 

On daily actual deposits of Rs. 1(M) but less than Rs.2.5(M)

4.25%

 

On daily actual deposits of Rs. 2.5 and above

5.25%

6

MUNAFA PLUS DEPOSIT

 

after maturity

 
 

three months

6.15%

 

six months

6.75%

 

for one year

8.3%

 

for three years

10%

 

for five years

11%

 

for ten years

14%

Source: HBL


MCB BANK LIMITED

New Rates Of Special Rupee Term Deposits (STDRS) & Consolidation Of Provisional Rates Of Profit On Provisional Rates Of Pls Deposits - (JUL-DEC 2008)

Special Rupee Term Deposits (STDRs) [for new accounts] Rs. 10 M & Above

Rs.0.5M &Less than 1M

Rs.1M & Less than 2.5M

Rs.2.5M & Less than 10 M

 

Rates are Determined by Treasury on case to case basis

1 Month

5.50%

6.00%

7.25%

3 Months

6.00%

6.50%

7.75%)

6 Months

6.50%

7.00%

8.00%

1 Year

7.00%

7.50"/o

9.00%

Source: MCB BANK


MCB SMART SAVINGS ACCOUNT

CATEGORIES OF DEPOSIT

PROVISIONAL RATES 
(JUL-DEC 08) P.A.

If min balance <200,000

5.00%

If min balance Rs.200,000/- <_ 300,000

7.00%

For Balance Rs.300,000

5.00%

Source: MCB BANK


PLS TERM DEPOSITS:

PROVISIONAL RATES (JUL-DEC 08) P.A.

1 month

1.00%

2 months

1.20%

3 months

2.00%

6 months

2.50%

1 year

3.00%

2 years

4.00%

3 years

5.50%

4 years

6.00%

5 years

6.50%

Source: MCB bank


MEEZAN BANK

MEEZAN BANK

SAVINGS ACCOUNTS - PLS

AMOUNT

DEC-07

JUN-08

10 K -99.9 K

1.90

5.00

100 K -999.9 K

2.20

5.00

1 M -4.99 M

2.50

5.00

5 M -9.99 M

2.80

5.00

10 M -49.99 M

2.80

5.00

50 M -99.99 M

2.90

5.00

100 Mm +

-

5.00

FOREIGN CURRENCY CHECKING - (FCY)

PAYMENT

DEC-07

JUN-08

Monthly

1.50%

1.22%

MEEZAN ISLAMIC INSTITUTIONS DEPOSIT ACCOUNT - MIIDA (MINIMUM INVESTMENT RS. 10 MM)

AMOUNT

DEC-07

JUN-08

10 M -199.9 M

4.70%

5.00%

200 M -3.99.9 M

5.40%

5.07%

Above 400 M

6.10%

5.76%

MEEZAN BACHAT ACCOUNT - MBA (MINIMUM INVESTMENT RS. 25,000/-)

AMOUNT

DEC-07

JUN-08

1 - 24.99 K

0.20%

5.36%

25 K - 199.99 K

5.60%

5.36%

200 K - 499.99 K

6.10%

5.76%

500 K - 1 M

7.00%

6.68%

Source: Meezan bank


STATISTICAL DATA OF MUTUAL FUND

COMPANY /SECTOR

OFFER PRICE

REDEMPTION PRICE

YEAR ENDING

DISTRIBUTIONS FOR

       

2007

2008

OPEN-END MUTUAL FUNDS

AKD Income Fund

51.36

50.85

June

3.1874% B

7% 8.93% B

AKD Index Tracker Fund

9.11

9.01

June

-

6% B

AKD Opportunity Fund

47.30

45.90

June

11.29%

10% B

AMZ Plus Income Fund

102.65

101.38

June

11.60% B

10.22%

Alfalah GHP Income Multiplier Fund

51.86

51.86

Dec

4.75% B

2.3105% (I)

Alfalah GHP Islamic Fund

51.52

50.26

Dec

1% B

-

Alfalah GHP Value Fund

53.28

52.98

Dec

9.57% 10% B

-

Atlas Income Fund

515.78

505.67

June

10% B

9.50% B

BMA Chundrigar Road Savings Fund

10.20

10.10

June

-

7.70%

Dawood Islamic Fund

111.15

109.51

June

-

10% B

Dawood Money Market Fund

111.15

110.05

June

10.85% B

10.25% B

Faysal Balanced Growth Fund

111.00

108.55

June

18% B

3.40%

Faysal Income & Growth Fund

108.69

107.61

June

12.75% B

10%

Faysal Saving Growth Fund

107.21

107.21

June

1.25% B

10%

KASB Balanced Fund

48.11

47.14

June

-

NIL

KASB Islamic Income Fund

102.24

101.21

June

-

0.55%

KASB Liquid Fund

101.47

101.47

June

10.71% B

2.75%

KASB Stock Market Fund

42.89

41.81

June

9.74% B

NIL

Meezan Islamic Fund

42.15

41.20

June

26.61% B

20%

Meezan Islamic Income Fund

50.68

50.43

June

4.4% B

9.20%

NIT

39.70

38.30

June

Rs 5.20

Rs. 6.50

POBOP Advantage Plus Fund

50.71

50.46

June

-

3.0957%

Pakistan Capital Market Fund

10.24

9.83

June

26.02% B

2.59% B

Pakistan Income Fund

51.10

50.41

June

10.48% B

6.57% 2.89% B

Pakistan Int. Element Islamic Fund

47.82

45.91

June

18.33% B

3.49% B

Pakistan Stock Market Fund

60.59

58.17

June

29.66% B

20.22% B

Reliance Income Fund

50.65

50.85

June

6.53% B

9.49% B

United Growth & Income Fund

-

-

-

-

-

Income Unit

102.72

101.20

June

11.37% B

9.1782%

Growth Unit

101.20

98.16

June

-

-

UNITED MONEY MARKET FUND

(UMF-A)

101.01

101.01

June

10.08% B

9.1364%

(UMF-C)

101.01

120.00

June

-

-

United Stock Advantage Fund

91.10

88.88

June

20.76% B

3.01%

UTP

126.55

122.86

June

-

-

UTP - Income Fund

103.41

101.87

June

-

-

UTP - Islamic Fund

494.60

480.18

June

-

-

Source: KSE


COMPANY SECTOR

CURRENT RATES RS.

DAILY WEIGHTED AVG. RATE

DISTRIBU-
TIONS FOR

JAN - JULY - 2008

CLOSED-END-MUTUAL FUNDS

   

2008

HIGH RATE RS.

LOW RATE RS.

TURNOVER

AL-Meezan Mutual Fund

9.25

9.31

-

14.5

9.18

21442500

Asian Stocks Fund

6.27

-

-

6.5

4.6

243000

Atlas Fund of Funds

7.50

-

-

9.5

5.92

954000

BMA Principal Guranteed Fund - 1

9.50

-

-

12.2

8.5

37000

Dominion Stock Fund

5.98

-

-

7

2.3

22300800

First Capital Mutual Fund

8.17

-

-

10.2

7.25

325500

First Dawood Mutual Fund

5.91

5.14

-

9

5.1

8854000

Golden Arrow Selected Stocks

5.45

5.05

12.5% B

8.4

5.4

2088500

Investic Mutual Fund

2.34

2.22

-

5.1

1.55

44595500

JS Growth Fund

7.44

7.25

10% (I)

18.1

8.12

23592000

JS Value Fund

11.02

11.43

30% (I)

24.44

12.05

133588500

Meezan Balanced Fund

6.80

6.89

-

11.44

7.9

436500

NAMCO Balanced Fund

9.43

-

-

10.6

7.4

527000

PICIC Energy Fund

6.00

5.89

7%

9.6

5

24864000

PICIC Growth Fund

15.69

15.7

25%

31.65

17.21

41792000

PICIC Investment Fund

6.99

6.93

7.50%

14.25

7.65

21803500

Pak Oman Advantage Fund

9.41

-

-

9.5

7.05

46500

Pakistan Premier Fund

8.01

8.12

15%

14

8.76

46697000

Pakistan Strategic Allocation

5.91

6.15

7%

10.1

8.95

14277000

Safeway Mutual Fund

13.00

-

-

13.5

10.5

72000

Tri-Star Mutual Fund

2.00

-

-

4

1.89

640503

UTP. Large Cap. Fund

6.01

6.01

10% (I)

11

6.12

52739500

WE Balanced Fund

9.8

-

-

9.95

7.9

249000

Source: KSE