SAVINGS

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
June 6 - 12, 2011

NATIONAL SAVING SCHEMES (NET INVESTMENT) (Rs. Million)

NAME OF SCHEME 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
July-Mar
1 Defence Savings Certificates 3,238.3 (8,759.1) (7,551.0) (6,976.8) (4,317.4) (27,411.3) (35,076.5)
2 National Deposit Scheme (6.8) (1.3) (2.5) (1.1) 0.0 (2.7) 0.2
3 Khaas Deposit Scheme (23.4) (5.4) (2.8) (5.6) 7.0 (1.6) (3.7)
4 Premium Savings Scheme - - - - - - -
5 Special Savings Certificates (R) (13,199.3) (83,311.9) (57,737.1) 6,667.5 13,800.6 128,469.0 51,975.7
6 Special Savings Certificates (B) (2.6) (4.6) (0.6) (0.1) (0.2) (8.5) (0.3)
7 Regular Income Certificates (49,090.5) (40,663.0) (15,563.9) 18,369.1 (273.5) 40,094.3 33,935.7
8 Pensioners' Benefit Account 13,209.3 17,737.2 16,382.9 11,468.6 18,695.9 22,215.7 14,163.4
9 Savings Accounts (729.6) (2,891.4) (202.7) 12,825.7 8,989.1 (10,899.2) (1,257.5)
10 Special Savings Accounts 2,894.1 (19,048.0) (709.6) 9,417.6 5,521.5 21,627.1 29,753.3
11 Bahbood Saving Certificates 22,691.0 60,654.6 59,636.6 47,214.5 38,799.7 78,537.4 45,104.7
12 Mahana Amdani Accounts 120.9 85.9 45.7 56.9 (25.0) (50.0) (172.8)
13 Prize Bonds 22,841.9 9,357.0 3,325.8 9,007.3 8,277.1 14,650.0 27,324.2
14 Postal Life Insurance 8,668.7 10,335.2 10,804.5 - - - -
15 National Savings Bonds - - - - - - 3,650.2
Grand Total 10,612.0 (39,371.6) 8,830.7 71,305.5 89,460.8 267,220.7 169,396.7

SAVINGS MOBILIZED BY NATIONAL SAVINGS SCHEMES
(Million Rs.)

DURING DSC RIC SSC (R) PRIZE BONDS OTHERS TOTAL
2004-05 -8,759.1 -40,663.0 -83,311.9 9,357.0 73,670.3 -49,706.8
2005-06 -7,476.2 -15,329.0 -57,662.1 3,700.2 82,768.0 6,000.9
2006-07 -5,800.3 -16,991.8 6,965.8 9,007.3 74,470.4 67,651.4
2007-08 -4,320.6 -273.4 13,802.9 8,277.1 69,153.5 86,639.5
2008-09 -27,441.3 40,094.3 128,469.0 14,650.0 111,451.5 267,223.5
2009-10 -32,354.8 44,535.0 61,996.1 38,556.7 112,034.8 224,767.7
2010-11
Jul 536.7 3,801.0 3,339.0 1,969.0 1,095.3 10,741.0
Aug 434.3 4,022.3 3,040.5 2,265.1 5,839.0 15,601.2
Sep 160.9 2,899.5 3,752.4 4,433.2 4,870.0 16,116.0
Oct 493.2 3,010.0 2,174.3 1,444.5 5,167.9 12,289.9
Nov 292.3 3,038.3 2,826.3 1,744.8 3,839.7 11,741.4
Dec 547.1 2,661.4 2,366.6 4,202.6 5,318.8 15,096.4
Jan 1,446.4 5,778.0 6,579.3 2,800.4 20,574.1 37,178.1
Feb 1,183.3 5,427.1 5,768.9 3,168.5 8,649.7 24,197.5
Mar 1,535.0 5,185.5 4,289.2 5,214.2 9,590.4 25,814.2
Apr 1,356.9 4,228.6 3,996.7 3,070.3 7,211.2 19,863.7

INTEREST RATES

MONTHS/ YEARS RATE (%)
1-Aug-07 10.00
31-Jan-08 10.5
23-May-08 12.00
30-Jul-08 13.00
13-Nov-08 15.00
15-Aug-09 13.00
25-Nov-09 12.5
10-Aug 13.00
0ct-10 13.5
10-Nov 14.00

FDI & FOREX RESERVES OF PAKISTAN (Billion $)

INDICATORS 2005-06 2006-07 2007-08 2008-09 2009-10 (JUL-APR)
2010-11
FDI 3.52 5.13 5.15 3.72 2.21 1.232
Forex Reserves 13.14 15.18 10.83 12.23 16.07 17.11

PROFIT RATES - SPECIAL SAVINGS CERTIFICATES (SSCR)

EFFECTIVE PERIOD  .

PERIODICAL PROFITS ON INVESTMENT OF EACH RS.100,000/- AFTER COMPLETION OF

FROM TO 06- MONTHS 01-YEAR 1 1/2 YEAR 2 YEARS 2 1/2 YEARS 03-YEARS
23-Jun-07 23-Jun-08 Profit (PKR) 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 5,000.00
Rate (% p.a.) 9.00% 9.00% 9.00% 9.00% 9.00% 10.50%
Profit (PKR) 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 5,250.00
 24-Jun-08 30-Sep-08 Rate (% p.a.) 11.00% 11.00% 11.00% 11.00% 11.00% 12.50%
Profit (PKR) 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 6,250.00
1-Oct-08 31-Nov-08 Rate (% p.a.) 12.80% 12.80% 12.80% 12.80% 12.80% 14%
Profit (PKR) 6400 6400 6400 6400 6400 7000
1-Dec-08 31-Mar-09 - - - - - - -
Profit (PKR) 7200 7200 7200 7200 7200 7600
1-Apr-09 30-Jun-09 - - - - - - -
Profit (PKR) 6500 6500 6500 6500 6500 7100
1-Jul-09 30-Sep-10 - - - - - - -
Profit (PKR) 5800 5800 5800 5800 5800 6000
1-Oct-10 31-Dec-10 Rate (% p.a.) 12% 12% 12% 12% 12% 12.80%
Profit (PKR) 6000 6000 6000 6000 6000 6400
1-Jan-11 Till date Rate (% p.a.) 13.20% 13.20% 13.20% 13.20% 13.20% 14.00%
Profit (PKR) 6600 6600 6600 6600 6600 7000

PAK: BALANCE OF TRADE (US mn $)

PERIOD EXPORTS VALUE IMPORTS VALUE BOT
2008-09 19,121 31,747 -12,627
2009-10 19,632 31,054 -11,422
Jul-10 1,660 2,917 -1,256
Aug-10 1,810 2,921 -1,111
Sep-10 1,775 2,366 -598
Oct-10 1,835 2,609 -774
Nov-10 1,955 2,804 -849
Dec-10 2,100 3,130 -1030
Jan-11 2,041 2,835 -794
Feb-11 2,282 3,065 -783
Mar-11 2,507 3,278 -770
Apr-11 2,590 2,826 -236

US $ 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
Mar-2008 Yousaf Raza Gilani Rs 86.35

RESULT OF AUCTION OF PAKISTAN INVESTMENT BONDS
(Amount in million)

TENOR FACE VALUE REALIZED
AMOUNT
ACCRUED
INTEREST
TOTAL REALIZED
AMOUNT
PRICE RANGE (PER RS.100)
03 Years 16,229.000 15,419.320 620.259 16,039.579 95.13 - 94.81
05 Years 4,925.000 4,536.433 192.412 4,728.845 92.27 - 91.95
07 Years 250.000 225.885 9.979 235.864 90.41 - 90.26
10 Years 18,300.000 16,350.025 746.038 17,096.063 89.57 - 88.68
15 Years 150.000 135.525 4.418 139.943 90.69 - 89.67
20 Years 100.000 92.630 3.063 95.693 92.63
30 Years 100.000 96.680 3.240 99.920 96.68
Total 40,054.000 36,856.498 1,579.409 38,435.907 -