Though the specific transactions approved thus far are more complex and include variations of Cross Currency Swaps (CCS), IRS with embedded option, etc, the total volume in derivatives is still very low. In FX options the Pak rupee equivalent is merely 177 million and FRAs 9.650 million and so forth. The numbers are still very small despite having grown substantially.
The point of going through these statistics is to highlight that there is a lot of work to be done in this area. In conclusion, I would like to say that Pakistan has phenomenal opportunities in what has been going on globally in terms of private capital flows in terms of the savings that exist due to reserve accumulation in the region.