DOLLAR VS PKR

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Sep 6 - 12, 2010

PAKISTAN: EXCHANGE RATE

CURRENCY 2008
AUG
2009
AUG
2010
JAN FEB MAR APR MAY JUN JUL
Dollar 76 82.7 84.55 84.9 83.7 83.9 84.8 85.15 85.5
Pound 138.5 134.53 136.45 130.44 124.6 127.25 122.25 127.3 133.59
EURO 111.5 118.73 117.95 114.28 111.66 110.89 103.69 104.95 111.24
Canadian $ 71.85 75.99 79.21 80.42 81.94 83.05 79.46 81.68 82.55
JAP YEN 0.689 0.8827 0.9338 0.9471 0.9044 0.8936 0.9416 0.9511 0.9804
HK $ 9.58 10.67 10.88 10.93 10.78 10.8 10.89 10.95 11.01
Singapore $ 53.15 57.33 60.2 60.16 59.53 61.15 60.19 61.16 62.61
Malaysian Ringgit 23.2 23.45 24.77 24.92 25.27 26.18 25.62 26.28 26.74
UAE dirham 20.55 22.52 23.02 23.11 22.79 22.84 23.09 23.18 23.28
Saudi Riyal 20.1 22.05 22.55 22.64 22.32 22.37 22.61 22.71 22.8
Kuwaiti Dinar 280 288.07 294.39 293.72 289.57 290.61 291.36 292.71 297.14

LIQUID FOREIGN EXCHANGE RESERVES (Million US $)

END PERIOD NET RESERVES WITH SBP NET RESERVES WITH BANKS TOTAL LIQUID FX RESERVES
1998-99 1,672.7 616.5 2,289.2
1999-00 997.0 976.6 1,973.6
2000-01 1,688.9 1,542.6 3,231.5
2001-02 4,337.4 2,098.2 6,435.6
2002-03 9,529.1 1,240.6 10,769.7
2003-04 10,563.9 1,825.4 12,389.3
2004-05 9,804.7 2,792.9 12,597.6
2005-06 10,765.2 2,357.2 13,122.4
2006-07 13,345.4 2,301.8 15,647.2
2007-08 8,577.0 2,821.7 11,398.7
2008-09 9,117.9 3,307.3 12,425.2
Jun-2009-10 12,066.5 3,766.5 15,833.0
02-Jul-10 12,951.7 3,816.0 16,767.7
09-Jul-10 12,821.5 3,804.9 16,626.4

PAKISTAN: INTEREST RATES (%)

MONTHS/ YEARS RATE
18-Nov-02 7.5
11-Apr-05 9
29-Jul-06 9.5
1-Aug-07 10
31-Jan-08 10.5
23-May-08 12
30-Jul-08 13
13-Nov-08 15
15-Aug-09 13
25-Nov-09 12.5
Aug-10 13.00

SECTORAL CONTRIBUTION TO THE GDP GROWTH (%)

SECTOR 2005-06 2006-07 2007-08 2008-09
Agriculture 1.4 0.9 0.24 1.00
Industry 1.1 2.3 0.45 -0.92
Manufacturing 1.6 1.6 0.91 -0.64
services 3.3 3.6 3.41 1.92

US DOLLAR RATES  PER PAK RUPEE

YEARS LEADARS US $
1972 Z.A. Bhutto Rs 4.7
1977 Z.A. Bhutto Rs 9.9
1983 Gen Ziaulhaq Rs 13.1
1987 Gen Ziaulhaq Rs 17.7
1990 Benazir Bhutto Rs 24
1991 Nawaz Sharif Rs 25
1994 Benazir Bhutto Rs 30.6
1996 Benazir Bhutto Rs 40.3
1997-99 Nawaz Sharif Rs 53
1999-08 Pervaiz Musharraf Rs 62
2010 Yousaf Raza Gilani Rs 85.64

MONTH-WISE WORKERS' REMITTANCES (Provisional)
(Million US Dollar)

Monthly Cash Inflow including FEBCs & FCBCs

. . . %AGE CHANGE
FY10 FY09 FY08 FY10 FY09
December 697.65 673.5 479.26 3.59 40.53
January 667.9 637.3 557.07 4.8 14.4
February 589.03 641.32 502.76 -8.15 27.56
March 763.72 739.43 602.21 3.28 22.79
April 755.77 697.52 590.71 8.35 18.08
May 757.86 720.68 584.75 5.16 23.25
June 841.44 735.17 547.41 14.46 34.3
July-Jun 8,905.95 7,811.43 6,451.24 14.01 21.08
Monthly Average
(July-Jun)
742.16 650.95 537.6 14.01 21.08

CORE INFLATION OF CPI: CHANGE OVER SAME MONTH OF PREVIOUS YEAR (%)

MONTHS

TRIMMED CORE INFLATION

NON-FOOD & NON ENERGY CORE INFLATION

2008-09 2009-10 2008-09 2009-10
Jul 19.7 13.9 14.7 14.0
Aug 21.0 13.1 16.4 12.6
Sep 21.2 12.3 17.3 11.9
Oct 21.7 10.6 18.3 11.0
Nov 21.3 10.5 18.9 10.6
Dec 21.6 10.4 18.8 10.7
Jan 19.6 12.7 18.9 10.3
Feb 20.8 12.4 18.9 10.1
Mar 19.3 12.7 18.5 9.9
Apr 17.6 12.7 17.7 10.6
May 16.7 12.5 16.6 10.3
Jun 15.5 11.7 15.9 10.4

BALANCE OF TRADE DURING 2009-10 (Mn US $)

PERIOD EXPORTS IMPORTS BOT
Jul P 1,554 2,811 -1,257
Aug P 1,467 2,171 -704
Sep P 1,599 2,447 -848
Oct P 1,640 2,749 -1,109
Nov P 1,417 2,198 -781
Dec P 1,626 2,720 -1,093
Jan (2010) 1,626 2,525 -899
Feb(2010) 1,544 2,333 -789
Mar 1,854 2,508 -654
Apr 1,815 2,892 -1,077
May 1,716 2,646 -930
Jun 1,782 3,023 -1,241

REGIONAL INTEREST RATES DURING 2010 (%)

COUNTRY PREVIOUS CURRENT
Korea 3.00 2.00
Japan 0.3 0.1
US 1.00 0.25
Taiwan 1.50 1.25
UK 1.00 0.5
India 5.00 4.75
China 5.58 5.31
Turkey 6.75 6.50
Pakistan 12.5 13.00