INTEREST RATE

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Aug
8 - 14, 2011

WORLD INTEREST RATES
COUNTRY CURRENT RATE (%) PREVIOUS RATE (%) CHANGE (%) LAST CHANGE
Australia 4.75 4.50 0.25 Nov 02 10
Brazil 12.50 12.25 0.25 Jul 20 11
Canada 1.00 0.75 0.25 Sep 08 10
Chile 3.50 3.25 0.25 Nov 18 2010
China 6.56 6.31 0.25 Jul 06 11
Colombia 3.25 3.00 0.25 Feb 28 2011
Czech Republic 0.75 1.00 -0.25 May 06 10
Denmark 0.75 1.00 -0.25 Jan 15 2010
Egypt 8.25 8.50 -0.25 Sep 22 09
European Monetary Union 1.50 1.25 0.25 Jul 07 11
Hong Kong SAR 0.50 1.50 -1.00 Dec 17 08
Hungary 6.00 5.75 0.25 Jan 24 11
Iceland 4.25 4.50 -0.25 Feb 02 11
India 8.00 7.25 0.75 Jul 26 11
Indonesia 6.75 6.50 0.25 Feb 04 2011
Israel 3.25 3.00 0.25 Jul 01 2011
Japan 0.10 0.30 -0.20 Dec 19 08
Korea, Republic of 3.00 2.25 0.75 Mar 10 11
Malaysia 2.75 2.50 0.25 Jul 08 2010
Mexico 4.50 4.75 -0.25 Jul 17 2010
New Zealand 2.50 3.00 -0.50 Mar 09 11
Norway 2.25 2.00 0.25 May 12 11
Philippines 4.00 4.25 -0.25 Jul 09 2009
Poland 3.75 3.50 0.25 Jun 03 2009
South Africa 5.50 6.50 -1.00 Sep 10 10
Sweden 1.00 0.75 0.25 Oct 26 10
Switzerland 0.25 0.50 -0.25 Mar 12 09
Taiwan 1.63 1.50 0.13 Dec 30 10
Thailand 2.50 2.00 0.50 Jan 12 2011
Turkey 6.25 6.50 -0.25 Jan 20 11
United Kingdom 0.50 1.00 -0.50 Mar 05 09
United States 0.25 1.00 -0.75 Dec 16 08

BALANCE OF TRADE (million US $)
PERIOD EXPORTS IMPORTS BALANCE OF TRADE
VALUE GROWTH RATE VALUE GROWTH RATE
2005-06 16,553 14.3 24,994 31.6 -8,441
2006-07 17,278 4.4 26,989 8.0 -9,711
2007-08 20,427 18.2 35,397 31.2 -14,970
2008-09 19,121 -6.4 31,747 -10.3 -12,627
2009-10 19,673 2.9 31,209 -1.7 -11,536
2010-11 P 25,461 29.4 35,637 14.2 -10,176

STRUCTURE OF INTEREST RATES IN PAKISTAN (%)
DATE SBP REVERSE REPO RATE SBP REPO RATE
30-Jul-08 13.00 -
13-Nov-08 15.00 -
31-Jan-09 15.00 -
21-Apr-09 14.00 -
17-Aug-09 13.00 10
29-Sep-09 13.00 10
25-Nov-09 12.5 9.5
30-Jan-10 12.5 9.5
27-Mar-10 12.5 9.5
24-May-10 12.5 9.5
2-Aug-10 13.00 10
30-Sep-10 13.5 10.5
30-Nov-10 14.00 11
1-Aug-11 13.5 -

PAKISTAN: INTEREST RATE SPREAD (%)
YEARS AVERAGE YIELD ON EARNING ASSETS AVERAGE COST OF INTEREST LIABILITIES SPREAD
(a) (b) (a-b)
CY98 14.0 8.5 5.4
CY99 12.7 7.7 5.0
CY00 11.3 6.6 4.7
CY01 11.2 6.1 5.1
CY02 8.7 4.3 4.5
CY03 5.7 2.0 3.8
CY04 5.0 1.5 3.5
CY05 7.5 2.6 5.0
CY06 9.1 3.9 5.2

PAKISTAN: CPI, SPI AND WPI ON YEARLY BASIS
PERIOD INDICES % CHANGE OVER
CPI SPI WPI CPI SPI WPI
2000-01 100 100 100 - - -
2001-02 103.54 103.37 102.08 3.54 3.37 2.08
2002-03 106.75 107.06 107.77 3.10 3.58 5.57
2003-04 111.63 114.38 116.29 4.57 6.83 7.91
2004-05 121.98 127.59 124.14 9.28 11.55 6.75
2005-06 131.64 136.56 136.68 7.92 7.02 10.10
2006-07 141.87 151.34 146.18 7.77 10.82 6.94
2007-08 158.90 176.78 170.15 12.00 16.81 16.41
2008-09 191.90 218.16 201.10 20.77 23.41 18.19
2009-10 214.41 247.22 226.49 11.73 13.32 12.63
2010-11 244.26 292.16 279.39 13.92 18.18 23.35

CREDIT/LOANS CLASSIFIED BY PRIVATE SECTOR (Rs. Million)
DESCRIPTION JUN-09 JUN-10 JUN-11 (P)
Credit to Private Sector (A+B) 2,651,643 2,749,291 2,915,744
A. Investment in Securities & Shares of Private Sector 113,123 145,051 155,574
B. Loans to Private Sector 2,538,520 2,604,240 2,760,170