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LSE's financial literacy sessions for UoG LAHORE: Lahore Stock Exchange (LSE) in collaboration with South Asian Federation of Exchange (SAFE) arranged first and second session of Financial Literacy Initiative under Campus Outreach Programme for students of University of Gujrat (UoG) on Wednesday.At the event, the LSE Corporate Communications Department's officials gave a detailed presentation covering all spheres of capital and financial markets. The students were briefly informed about the regulatory framework, market indicators, investment products, financial services & opportunities accessible to investors in Pakistan.IPF Deputy Secretary Ms. Gitee Bhatti quoted practical examples about various investment avenues obtainable in the market and their role in the economic structure of the country. She also spoke on various operational matters of the Exchanges including listings, trading, corporate governance, sensitivity of Stock Market and investor protection. She requested the students to adopt saving behavior in their life style to become the Chief Financial Officer of their own life.The FLI-Campus Outreach ...

Parliament symbol of unity, federation: Raza Rabbani ISLAMABAD: Acting President Mian Raza Rabbani on Wednesday said that Parliament is a symbol of unity of the Federation reflecting the fact that people strongly believe in democratic process upholding the Constitution and rule of law. He expressed these view while talking to a group of 12-member Journalists of Press Club Dighri, Sindh at the Parliament House. He said that people struggled for democracy in the country. Parliament is not only safeguarding the democratic process ...

Demonetization of all old design banknotes KARACHI: Old design banknotes of Rs 10, Rs 50, Rs 100 and Rs 1000 will cease to be legal tender from December 1, 2016.However, SBP-BSC field offices will continue to accept the old design banknotes of above mentioned dominations from general public up to Dec. 31, 2021, said a statement from State Bank of Pakistan (SBP) here Wednesday.The Rs 5 banknote and the old design Rs 500 banknote have already been demonetized, it said.SBP has ...

Govt accords high importance to freedom of press: PM ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday said that media, being the fourth pillar of state, should play its effective role for the supremacy of Constitution and law, strengthening of democracy and welfare of the country and nation.He was talking to a delegation of the media representative organizations All Pakistan Newspapers Society (APNS) and the Council of Pakistan Newspapers Editors (CPNE), led by APNS President Hameed Haroon, called on him here at the PM House.The ...

Banking hours in Ramazan-ul-Mubarak KARACHI: The following office hours will be observed in State Bank of Pakistan during the coming holy month of Ramzan-ul-Mubarak.The same working hours will also be followed by all banks/DFIs/MFBs, said SBP statement here on Wednesday.From Monday to Thursday the office hours will be 8.00 A.M. to 2.15 P.M. (without any break).On Friday, these will be 8.00 A.M. to 1.00 P.M. (without any break) However, the banks are advised to observe the following business (banking) ...

NAB distributes cheques among affectees of Arsalan Housing Scheme phase IV-V QUETTA: National Accountability Bureau (NAB) Balochistan on Wednesday handed over cheques of recovered amount to the affectees of the "Arsalan Town Housing Scheme" (phase IV-V). Accused, Nasir Haider, had launched fake housing society "Arsalan Town Housing Scheme" (phase IV-V) in Kach Mor area of Quetta and looted hard-earned money of people by promising plots.He disappeared from the scene after receiving all installments of the plots.Director General NAB Balochistan, Major (R) Tariq Mehmood Malik distributed cheques ...

PM gives Rs5mn cheque to Pakistani mountaineer ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday gave away a cheque of Rs5 million to a Pakistani mountaineer, Hassan Sadpara in recognition of his services for the promotion of mountaineering in Pakistan.Sadpara has climbed all 8000-meter plus peaks in Pakistan, including K-2.Governor Gilgit Baltistan, Chaudhry Muhammad Barjees Tahir was also present on the occasion.Copyright APP (Associated Press of Pakistan), 2015


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln