Financial Risk Manager

Ways of Financial and Risk Management

Forex Updates:

Foreign Exchange Reserves of the country rose to historic level, reaching $16.78 billion. Major increase was witnesses in the reserves held by Central Bank which surged to almost $13 billion, showing an increase of over $156 million, while those possess by commercial banks stood at $3.816 billion. Country received $451 million from IMF, last week on account of flood relief measures

General Updates:

Hike in power tariff is once again on the cards as government might increase the tarrif by 07 percent as a part of commitment made with International lenders. Pepco which is an oversight body in power sector has already requested to increase tarrif by 28 percent in three phases to generate additional revenue of Rs 127 billion. The rise in tarrif would further aggravate the inflation which is expected to stay around 13.50- 14.50 percent for FY-11.Moreover, World Bank has asked the government to wind up Pepco and grant autonomy to power sector.

Government increased profit rates on National Saving Scheme (NSS), a move to attract funds from domestic resources and mobilize savings. The rate of profit on Special Savings Scheme enhanced to 12.13 percent from 11.67 percent while, Defense Saving Certificate’s profit rate reaches 12.60 percent from 12.15 percent. The rise in profit rates of NSS happens just after the hike in discount rate by Central Bank on September 29th.

State Bank increased financing rate by 70 basis points on Export Finance Scheme (EFS) Long Term Financing Facility (LTFF)Under Stand By Agreement (SBA) with IMF, government agreed to phase out subsidized rate on export finance schemes.

posted @ 3:43 PM,

At January 17, 2015 at 12:05 PM, Unknown said...: Hello friends, I have come again at the place, plus enjoying this post, it’s as well a nice addition, so carry on. payday loans that are license in north dakota