HOW IMPORTANT IS INTEREST RATE FOR CONSUMER PRODUCTS AND MARKET!

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Oct 8 - 14, 2012

WORLD INTEREST RATES (%)

COUNTRY CURRENT RATE PREVIOUS RATE CHANGE LAST CHANGE
Australia 3.50 3.75 -0.25 June 06 2012
Brazil 9.00 9.75 -0.75 Apr 18 2012
Canada 1.00 0.75 0.25 Sep 08 2010
Chile 5.00 5.25 -0.25 Jan 13 2012
China 6.00 6.31 -0.31 Jul 05 2012
Colombia 4.75 5.00 -0.25 Aug 27 2012
Czech Republic 0.75 1.00 -0.25 May 06 2010
Denmark 1.25 0.75 0.50 Jul 08 2011
Egypt 9.25 8.25 1.00 Nov 24 2011
European Monetary Union 0.75 1.00 -0.25 Jul 05 2012
Hong Kong SAR 0.50 1.50 -1.00 Dec 17 2008
Hungary 7.00 6.50 0.50 Dec 20 2011
Iceland 5.75 5.50 0.25 Jun 13 2012
India 8.00 8.50 -0.50 Apr 17 2012
Indonesia 5.75 6.00 -0.25 Feb 09 2012
Israel 3.25 2.25 1.00 Jul 01 2011
Japan 0.10 0.30 -0.20 Dec 19 2008
Korea, Republic of 3.25 3.00 0.25 Jun 10 2011
Malaysia 3.00 2.75 0.25 Jul 08 2010
Mexico 4.50 4.75 -0.25 Jul 17 2009
New Zealand 2.50 3.00 -0.50 Mar 09 2011
Norway 1.50 1.75 -0.25 Mar 14 2012
Philippines 3.75 4.00 -0.25 Jul 26 2012
Poland 4.75 4.50 0.25 May 09 2012
South Africa 5.50 6.00 -0.50 Sep 10 2010
Sweden 1.50 1.75 -0.25 Feb 16 2012
Switzerland 0.00 0.25 -0.25 Aug 03 2011
Taiwan 1.88 1.75 0.13 Jul 01 2011
Thailand 3.00 3.25 -0.25 Jan 25 2012
Turkey 5.75 6.25 -0.50 Aug 05 2011
United Kingdom 0.50 1.00 -0.50 Mar 05 2009
United States 0.25 1.00 -0.75 Dec 16 2008

INTEREST RATE

DATE (%)
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 12.00
13-Aug-12 10.5
8-Oct-12 10.00

LTFF REFINANCE RATES (%)

W.E.F. UPTO 3-Y 3Y-5Y 5Y-10Y
10-Sep-12 to date 9.50 8.60 8.20
LTFF: Long Term Financing Facility

CREDIT/LOANS CLASSIFIED BY GOVERNMENT SECTOR, NON GOVERNMENT SECTOR & PERSONAL (Rs. Million)

DESCRIPTION JUN-11 AUG-11 JUN-12 AUG-12P
1. Credit to Government Sector (A+B) 3,009,390 3,236,764 4,277,739 4,361,577
A. SBP Credit to Government Sector (Net) 1,185,155 1,238,274 1,690,781 1,564,863
Investment in Govt. Securities 1,364,773 1,267,424 1,804,548 1,628,623
Loans to Government 21,351 40,658 33,984 2,740
Others 8,654 8,654 8,653 8,653
Less: Govt. Deposits 209,624 78,461 156,404 75,153
B. Scheduled Banks Credit to Government Sector (Net) 1,824,235 1,998,489 2,586,958 2,796,714
Investment in Govt. Securities 2,057,219 2,167,757 2,772,513 2,964,532
Loans to Government 409,909 415,893 479,340 478,255
Less: Govt. Deposits 642,893 585,161 664,895 646,073
2. Credit to Non Government Sector 3,493,835 3,415,889 3,558,347 3,560,789
3. Personal
Bank Employees 76,406 76,523 80,300 80,343
Consumer Financing 217,605 211,733 204,749 205,765
For house building 47,775 46,446 41,646 40,691
For transport i.e. purchase of car etc 50,901 49,344 45,077 44,858
Credit cards 24,626 23,306 22,934 23,957
Consumers durable 224 221 318 339
Personal loans 89,650 88,508 88,738 89,276
Other 4,428 3,907 6,036 6,646
Note: (Outstanding position at the end of month)

PAKISTAN: EXPORT REFINANCE (%)

W.E.F. RATE
May-05 6.5
Jun-05 6.5
Jul-05 7.5
Jul-06 6.5
Nov-09 7.0
Jan-10 7.5
Apr-10 8.0
Jul-10 8.5
Oct-10 9.0
Jan-11 10.0
10-Sep-2012 till date 8.5

PER CAPITA INCOME ($)

2007-08 2008-09 2009-10 2010-11 2011-12
1015 990 1068 1258 1372

REAL GDP GROWTH RATE (%)

2007-08 2008-09 2009-10 2010-11 2011-12
3.7 1.7 3.1 3.00 3.7

CIVILIAN LABOUR FORCE (million No.)

YEAR 2009-10 2010-11
Labour force 56.33 57.24
Employed 53.21 53.84
Unemployed 3.12 3.40

PAKISTAN EXPORTS

PERIOD MILLION US $
2006-07 17,278
2007-08 20,427
2008-09 19,121
2009-10 19,673
2010-11 25,355
2011-12 24,655

INFLATION INDICES IN PAKISTAN (Base 2007-08)

INDEX

SEPTEMBER OVER SEPTEMBER % CHANGES

2012-13

2011-12

2010-11

CPI

8.79

10.46

14.89

SPI

8.06

7.56

18.92

WPI

7.82

16.98

18.56