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SBP injects Rs 1141.8bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 1141.8 billion into financial market for four days through its open market operation (OMO).The rate of return accepted is 6.50 per cent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015

Dry core drilling at Moenjo-Daro after two months: Sharmila LARKANA: Adviser to Sindh Chief Minister Sharmila Farooqui along with Provincial Secretary Culture and Tourism Dr. Niaz Abbasi Monday visited the archaeological site of Moenjo-Daro. The adviser directed that the ban imposed on visitors for two weeks to prevent any damage to the site in the wake of monsoon rains, should be extended. She said that dry core drilling work to ascertain Moenjo-Daro's actual geographical area will start after two months owing to paddy crop ...

ICCI for constructing new dams ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has urged the government for focusing on the construction of more dams, especially in flood-prone areas to cope with flash floods and generating cheap energy.In a statement on Monday ICCI President, Muzzamil Hussain Sabri, said that devastating floods due to recent rains have highlighted urgent need of constructing more dams and water reservoirs in the country.He said due to lack of dams and water reservoirs country has ...

SC seeks explanation from Chairman NAB over utilisation of resources ISLAMABAD: The Supreme Court on Monday directed the Chairman National Accountability Bureau (NAB) to submit explanation over usage of resources of the Bureau. A three-member bench of the apex court headed by Chief Justice Jawwad S. Khawaja heard a case on private bank recovery matter, where the accountability bureau sought cancellation of bail of Mohammad Tariq. During the course of proceedings, Chief Justice Jawad Khwaja remarked that the National Accountability Bureau (NAB) could not conduct ...

Date for ST, FED return extended to August 21 ISLAMABAD: Federal Board of Revenue (FBR) has extended the date for submission of Sales Tax and Federal Excise return up to August 21 2015 for the tax period July, 2015 for all registered persons.The extension has been granted under section 74 of Sales Tax Act, 1990 and Section 43 of the Federal Excise Act 2005, according to statement issued by FBR.However, it is clarified that there will be no change in the date of payment ...

Hajj pilgrims urged to submit their complaints through helpline ISLAMABAD: Ministry of Religious Affairs and Interfaith Harmony has urged the hajj pilgrims to submit their complaints through Hajj helpline, which is working round the clock since July 25 to facilitate the pilgrims.The intending pilgrims of both government as well as private scheme could register their complaints in Pakistan on 042-111-725425, the ministry has dedicated a number 800-1166622 for registering complaints in Saudi Arabia, said an official of the ministry.He said the pilgrims while residing ...

Zardari urges recovery of Akhunzada Chattan's son ISLAMABAD: Former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari on Monday expressed concern over kidnapping of the son of Akhunzada Chattan.In a statement issued here by PPP Media Office, he urged concerned authorities for early and safe recovery of the son of Akhunzada, an ex-MNA of PPP and Party President for Federally Administered Tribal Areas (FATA).Condemning the incident, Zardari emphasized on administration to bring the culprits to book as soon as possible.Copyright ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln