INTEREST RATES

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Mar 30 - Apr 05, 2009

FBR TAX COLLECTION
(mn Rs)

INDIRECT TAXES
PERIOD DIRECT TAXES SALES EXCISE CUSTOMS TOTAL TAX COLLECTION
1996-97 85,060 55,668 55,265 86,094 197,02 7 282,087
1997-98 103,182 53,942 62,011 74,496 190,44 9 293,631
1998-99 110,207 72,105 60,905 65,292 198,302 308,509
1999-00 112,950 116,711 55,784 61,659 234,154 347,104
2000-01 124,585 153,565 49,080 65,047 267,692 392,277
2001-02 142,505 166,561 47,186 47,818 261,56 5 404,070
2002-03 151,898 195,139 44,754 68,836 308,72 9 460,627
2003-04 165,079 219,167 45,552 91,045 355,764 520,843
2004-05 183,372 238,537 53,104 115,374 407,01 5 590,387
2005-06 224,988 294,798 55,272 138,384 488,454 713,442
2006-07 333,737 309,396 71,804 132,299 513,49 9 847,236
2007-08 387,819 376,956 103,692 150,663 619,756 1,007,575
Upto Feb 2008-09 259,995 282,546 68,616 93,050 444,212 704,207
Source: SBP


KIBOR (As On 25 Mar -09)
TENOR BID OFFER
1 week 11.16 11.66
2 week 11.36 11.86
1 month 11.70 12.20
3 month 11.95 12.20
6 month 12.21 12.46
9 month 12.99 13.49
1 year 13.44 13.94
2 year 13.96 14.46
3 year 14.23 14.73
Source: SBP


REGIONAL INTEREST RATES (%)
COUNTRIES END07 END08 JAN09
Korea 5.00 3.00 2.5
Thailand 3.25 2.75 2.0
Phillipines 5.25 5.5 -
Taiwan 3.375 2.0 1.5
Indonesia 8.00 9.25 8.75
India 7.75 6.5 5.5
China 7.47 5.31 -
Turkey 15.75 15.00 13.00
Pakistan 10.00 15:00 15:00
Various Sources


WEIGHTED AVERAGE LENDING & DEPOSIT RATES
(% PER ANNUM)
  GROSS DISBURSEMENTS OUTSTANDING LOANS FRESH DEPOSITS OUTSTANDING DEPOSITS
ITEMS INCLUDING EXCLUDING INC. EXC. INC. EXC. INC. EXC.
  ZERO MARKUP ZERO MARKUP ZERO MARKUP ZERO MARKUP ZERO MARKUP ZERO MARKUP ZERO MARKUP ZERO MARKUP
Jan-09 16 16.15 14.3 14.96 9.38 11.45 6.5 8.45
Public 16 16.16 14.91 15.37 9.03 11.05 6.92 9.17
Private 11.86 12.1 16.2 17.09 7.77 10.33 7.55 10.26
Foreign 9.51 9.65 9.09 9.66 5.72 6.63 6.49 9.09
Specialised 15.35 15.53 14.66 15.18 8.84 10.95 6.88 9.09
All Banks 15.66 15.77 14.1 14.82 10.27 13.35 6.4 8.54
Various sources


TOTAL INVESTMENT OF SCHEDULED BANKS (STOCK)
(mn Rs)
AS ON LAST WEEK OF 2006 2007 2008 2009
January 755,725 794,483 1,201,526 1,030,607
February 759,919 872,426 1,163,455  
March 793,157 929,454 1,107,028  
April 827,850 1,022,787 1,060,154  
May 821,399 1,048,978 975,761  
June 794,584 1,115,913 1,007,529  
July 830,799 1,167,897 1,060,396  
August 799,285 1,197,115 1,030,846  
September 790,057 1,245,411 930,875  
October 790,558 1,243,254 921,043  
November 824,966 1,213,543 929,016  
December 775,546 1,210,920 980,984  
TOTAL ADVANCES OF SCHEDULED BANKS (Stock)
(mn Rs)
January 2,009,207 2,371,734 2,684,089 3,127,435
February 2,042,092 2,358,720 2,734,642  
March 2,063,548 2,385,242 2,812,732  
April 2,077,076 2,387,597 2,870,619  
May 2,115,049 2,430,090 2,964,509  
June 2,127,388 2,484,495 2,943,319  
July 2,177,898 2,429,398 2,848,844  
August 2,189,368 2,426,759 2,899,138  
September 2,231,665 2,450,713 3,027,122  
October 2,252,749 2,482,220 3,092,451  
November 2,297,416 2,535,759 3,131,312  
December 2,409,478 2,651,173 3,141,028  
TOTAL DEPOSITS OF SCHEDULED BANKS (STOCKS)
(mn Rs)
January 2,588,582 2,975,457 3,574,788 3,852,605
February 2,630,445 3,034,321 3,591,861  
March 2,650,429 3,151,944 3,628,142  
April 2,695,939 3,177,075 3,650,050  
May 2,733,969 3,226,117 3,696,208  
June 2,786,731 3,460,811 3,832,454  
July 2,813,325 3,383,373 3,777,585  
August 2,806,645 3,403,170 3,788,611  
September 2,816,450 3,464,687 3,781,524  
October 2,823,123 3,451,075 3,681,110  
November 2,891,250 3,478,385 3,756,126  
December 2,999,895 3,565,537 3,801,411  
Various sources


STRUCTURE OF INTEREST RATES
MONTHS/ YEAR RATE %
5-Jan-00 11.0
19-Sep-00 12.0
5-Oct-00 13.0
7-Jun-01 14.0
19-Jul-01 13.0
17-Aug-01 12.0
20-Oct-01 10.0
23-Jan-02 9.0
18-Nov-02 7.5
11-Apr-05 9.0
29-Jul-06 9.5
1-Aug-07 10.0
31-Jan-08 10.5
23-May-08 12.0
30-Jul-08 13.0
13-Nov-2008 till date 15.0
Source: SBP