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KASB Bank being merged with Bank Islami: SBP KARACHI: State Bank of Pakistan (SBP), in response to rumours, here Thursday declared that KASB Bank is being merged with BankIslami; with assurance of security of depositors' interests."Under the current circumstances, merger with BankIslami remains a viable option wherein KASB Bank depositors' interests would be safeguarded and its problem would be resolved on a sustainable basis," said SBP's Chief Spokesman Abid Qamar during a press briefing to clarify SBP's position on KASB Bank related issues. SBP's Executive Director, Syed Irfan Ali and Director, SBP's Banks Inspection Department, Arshad Mehmood Bhatti also assisted him to answer the media queries.SBP's Chief Spokesman said four banks including Askari Bank, Sindh Bank, JS Bank and BankIslami submitted their interest to SBP for acquiring KASB Bank.SBP allowed the above banks to conduct due diligence of the bank. Post due diligence, the above banks came out with an estimated negative equity gap of Rs 12 to ...


Implementation of National Action plan is yielding results: CM LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that effective implementation of National Action Plan against terrorism is yielding positive results and the whole nation has displayed unprecedented unity for the eradication of this menace.He was talking to Assembly Members of various districts who met him, here on Thursday.He said that a decisive action was being taken against terrorists and their facilitators.He said that there was no room for extremism, terrorism and sectarianism in ...

Dar condemns attack on Aftab Sherpao ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar has condemned the attack on prominent political leader, Aftab Sherpao in Charsaddah on Thursday.The Minister described the attack as a heinous act, said a Finance Ministry statement. He wished Aftab Sherpao health and happiness. Copyright APP (Associated Press of Pakistan), 2015

Nisar inquires after Aftab Sherpao ISLAMABAD: Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan in a telephone call on Thursday inquired after chief of Qaumi Watan Party Aftab Ahmed Khan Sherpao after a suicide attack on his convoy.The minister strongly condemned attack on his convoy.Nisar expressed satisfaction that Aftab Sherpao remained safe in the attack.He paid tribute to the police constable who was martyred in the attack and expressed sympathy with heirs of the deceased.The minister sought an ...

Pakistan's Liquid Foreign Reserves cross $ 17.717 billion ISLAMABAD: Pakistan's Liquid Foreign Reserves crossed US $ 17.717 billion on April 24,2015, said a statement issued by the State Bank of Pakistan on Thursday. It said that foreign reserves held by the State Bank of Pakistan stood at US$ 12,565.1 million, while net foreign reserves held by banks were US$ 5,152.5 million on April 24.The SBP said that during the week ending April 24, 2015, SBP's Liquid FX Reserves increased by US$201 million to ...

Nisar inquires after Aftab Sherpao ISLAMABAD: Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan in a telephone call on Thursday inquired after chief of Qaumi Watan Party Aftab Ahmed Khan Sherpao after a suicide attack on his convoy.The minister strongly condemned attack on his convoy.Nisar expressed satisfaction that Aftab Sherpao remained safe in the attack.He paid tribute to the police constable who was martyred in the attack and expressed sympathy with heirs of the deceased.The minister sought an ...

Dar condemns attack on Aftab Sherpao ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar has condemned the attack on prominent political leader, Aftab Sherpao in Charsaddah on Thursday.The Minister described the attack as a heinous act, said a Finance Ministry statement. He wished Aftab Sherpao health and happiness. Copyright APP (Associated Press of Pakistan), 2015


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln