In real terms PKR appreciated by 0.7 percent in September 2014. However, PKR has depreciated by 3.5 percent in the current financial year.
-- The government buys more PIBs and less T-Bills than targeted. Secondary market yields are reduced
-- SBP's reverse REPO policy decreased in 2nd quarter FY15. Average OMOs stand positive
-- Holding of government paper by banks stands at 83% of their total deposits
-- Private sector credit rises by Rs 47 billion as against a contract of Rs 17 billion in the corresponding period
-- Net liquidity injections by SBP remains key driver of Reserve Money growth so far
-- Government's borrowing needs largely met from SBP
-- Government's borrowing from banking system mainly contributes to monetary expansion
-- Stock of total debt and liabilities rise by Rs 1.9 billion during 1014.
-- External debt rises by 3.8 billion dollars during FY14; it now stands at 25.5 percent of GDP
-- Stock of domestic debt rises by Rs 189 billion during July-September 2014 with interest payments, showing an annualized growth of 31.5 percent.
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