Last update: Sat, 06 Feb 2016 04pm

Money and Banking: Pakistan


A meeting to review government's initiatives for promoting financial inclusion in the country with Finance Minister Ishaq Dar in the chair was held here Friday during which matters relating to Benazir Income Support Program (BISP), Pakistan Poverty Alleviation Fund (PPAF), Prime Minister's Youth Loan Scheme, microfinance and expansion of electronic banking services were discussed in detail.
The live simulcast of LEAD 2016, from Nashville Tennessee, USA broadcasted exclusively by The Institute of Bankers of Pakistan (IBP) in collaboration with Knowledge Now came to its conclusion. The mega event turned out to be a huge success as anticipated with over 150 top level participants, from all across Pakistan, the event was a true reflection of matchless leadership and management. Saeed Ahmed acting Governor State Bank of Pakistan (SBP) chaired the auspicious occasion.
Meezan Bank, Pakistan's first and largest Islamic bank, has been conferred with 'Certificate of Merit' by SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards for the year 2014 at the SAFA Conference 2016 held in Lahore, Pakistan.
The first auction for Fixed Rental Government of Pakistan (GoP) Ijara Sukuk with a borrowing target of Rs 100 billion will be held on Monday (February 8). Recently, in addition to the Variable Rental Rate GoP Ijara Sukuk (VRR-GIS), the State Bank introduced three-year Fixed Rental Rate GoP Ijara Sukuk (FRR-GIS) to facilitate the rapidly growing Islamic banking industry. The rental rate of VRR-GIS was being fixed every three months on the basis of Market Treasury Bills'''' cut-off yield, while rental rate of FRR-GIS will be fixed once at the time of auction on the basis of three-year Pakistan Investment Bond.
The rupee managed to recover further ground against the dollar on the money market on Thursday, dealers said. The rupee posted fresh gains of 25-paisa in relation to the dollar for buying and selling at Rs 104.55 and Rs 104.57 respectively, they said.
Jubilee Life Insurance Managed Growth Fund Rates on Thursday (February 04, 2016).

Jubilee Life Insurance Capital Growth Fund Rates on Thursday (February 04, 2016).