Thursday, March 28, 2024
03:00 PM (GMT +5)

Go Back   CSS Forums > CSS Compulsory Subjects > Current Affairs

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Friday, January 20, 2012
Junior Member
 
Join Date: Jun 2011
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
bestbasit2009 is on a distinguished road
Default Pakistani currency circulation in 2011?

can anybody tell me that what was Pakistani currency circulation in 2011?
Reply With Quote
  #2  
Old Friday, January 20, 2012
king khan jadoon's Avatar
Member
 
Join Date: Nov 2011
Location: abbottabad
Posts: 74
Thanks: 60
Thanked 71 Times in 36 Posts
king khan jadoon is on a distinguished road
Post

Quote:
Originally Posted by bestbasit2009 View Post
can anybody tell me that what was Pakistani currency circulation in 2011?
Currency in circulation up by Rs263bn
The currency in circulation has increased by Rs263 billion during 2011, showing a year-on-year growth of 19 per cent as on Feb 15, 2011 from June 30, 2010.
the currency-to-deposit ratio has increased to 33 per cent as on February 2011 from 29 per cent at end June 2010.
The prime reason for this increase in currency in circulation is heavy government borrowings from the State Bank of Pakistan for budgetary support.
The government borrowings from SBP essentially mean new money, besides being inflationary,understanding between SBP and the government to restrict such borrowings at the end-Sept level of Rs1,290 billion will help in restraining the printing of new notes and to reduce the currency in circulation.
REFR ABDUL HAFEEZ SHEIKH (BRIEFING IN SENATE)
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
development of pakistan press since 1947 Janeeta Journalism & Mass Communication 15 Tuesday, May 05, 2020 03:04 AM
Ecnomic progress Vs Political situation very special 1 Discussion 48 Wednesday, February 29, 2012 10:27 PM
American presence in Pakistan by Ahmed Qureshi New Student News & Articles 0 Monday, February 08, 2010 12:46 PM
Pakistani Rupee's Devaluation Hina 11(MISS Einstein) Discussion 45 Sunday, November 22, 2009 04:00 PM
indo-pak relations atifch Current Affairs 0 Monday, December 11, 2006 09:01 PM


CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.