Money Markets

Profile

Interbank Brokerage

Interbank Brokerage Division consists of two dealing desks, Money Market and Foreign Exchange that are supported directly by treasury back office. Our Interbank Brokerage team consists of 15 professionals having average experience of more than 10 years. It provides services to a number of reputable banks, financial institutions and corporations.


Money Market Desk

This desk is divided into three areas, Interbank dealing, Fixed Income and Corporate.

Interbank Dealing

Interbank dealing desk caters to local currency transactions on day to day basis and facilitate the financial transactions (repo, reverse repo, call and clean) of banks, Non-Banking Financial Institutions (NBFIs), Development Financial Institutions (DFIs) and corporates.

Fixed Income

Fixed income desk manages the outright transactions of Bond, T- Bill, Sukuk and TFC with Banks, NBFIs, DFIs and Corporates. In order to facilitate its clients, AHL also has the facility of Bond Automated Trading System (BATS) on its desk.

Corporate

In order to provide specialized service to our clients, AHL has established a Corporate Desk to provide clients with coverage on Pakistan‚ Emerging Corporate Debt Market.

Foreign Exchange Desk

The desk facilitates banks in forex transactions (buying /selling of dollars in spot, forward and swaps). This caters to the broking needs of the interbank market. We provide research and important updates about local and international events. Prompt updates about forex rates and their movements is a key to our success in the interbank brokerage.


Services

Cater to local currency transactions (Repo, Reverse repo, Call and Clean) of banks, Non-Banking Financial Institutions (NBFIs), Development Financial Institutions (DFIs) and corporates

Manages out right transactions of Bond, T- Bill, Sukuk and TFC with Banks, NBFIs, DFIs and Corporates

Provide clients with coverage on Pakistan’s Emerging Corporate Debt Market

Advisory of financial product units

Money market research reports

Facilitate banks in foreign exchange transactions (buying /selling of dollars in spot, forward and swaps)


Currency Against PKR

Currency (Jan. 25, 2021)Open MarketInterbank
PKR/USD (Buy) 160.45 160.85
PKR/USD (Sell)160.95 160.80
PKR/GBP220.53 219.91
PKR/UAE Dirham43.8343.78
PKR/JPY1.551.55
PKR/EURO195.94195.23

Money Market Rates

03-M T-Bills

7.15 % (Secondary Market Yield)

06-M T-bills

7.23 % (Secondary Market Yield)

12-M T-Bills

7.34 % (Secondary Market Yield)

Policy Rate

7.00 %

10-Y PIB

10.01 % (Secondary Market Yield)

06-M KIBOR

7.36 %

01-Y KIBOR

7.70 %

Trading Activities of Foreign Investors

-5,016,398 Net
Source: PSX