02072016Sun
Last update: Sun, 07 Feb 2016 01pm

Banking & Finance

Pakistan - Banking & Finance

Pak forex figure $20.27508bn KARACHI: Total liquid foreign exchange reserves of the country stand at dollars 20.27508 billion, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on January 29, amounted $ 15,435.4 million and the net foreign reserves with other banks were $ 4,840.4 million.During the week ending January 29, SBP's liquid foreign exchange reserves decreased by $ 212 million to $15,435 million, compared to $15,647 million in the previous week. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Torkham Customs Station earns Rs 4bn revenue annually PESHAWAR: Torkham Customs Station is earning monthly revenue of about of Rs.361 million and nearly Rs.4 billion annually for Federal Board of Revenue (FBR).This was stated by Deputy Collector, Torkham Customs Station, Najeeb Arjumand while briefing a group of journalists regarding trade activities at Torkham the other day.He said that the construction of best quality road from Peshawar to Torkham has increased trade through shortest route to Afghan capital Kabul and other parts Afghanistan manifold. ...

Pakistan - Banking & Finance

SBP auctions Rs31.99mn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned the Government of Pakistan market treasury bills (MTBs) of Rs. 31.99 million through its primary dealers.The maturity period of these bills is 3, 6 and 12 months, said SBP statement here. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Banks to observe holiday on Feb. 5 KARACHI: Banks will remain closed on Friday; on the occasion of Kashmir Day. The government has declared 5th February as a public holiday, said State Bank of Pakistan's (SBP) press release here on Wednesday.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

NBP asked to improve its performance KARACHI: Keeping in view genuine issues of National Bank of Pakistan (NBP), the Chairperson, National Assembly's (NA) Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization, Qaiser Ahmed Sheikh has advised the NBP to improve its performance for boosting profitability."The committee has asked the NBP to improve its performance for profitability as private banks are earning two-fold more profit if compared to it" said the Chairman.He said it while talking to official media persons ...

Pakistan - Banking & Finance

SBP, banks to remain closed on Friday KARACHI: The State Bank of Pakistan will remain closed on February 5, on the occasion of "Kashmir Day" as declared by the Government of Pakistan.According to an SBP circular issued Wednesday all commercial banks and relevant institutions will also remain closed to mark the Day.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Pakistan Post earned Rs3774.343mn revenue through public services in 2014-15 ISLAMABAD: Pakistan Post has collected revenue of Rs3774.343 million in provision of various services including utility bills, collection of income tax on motors, provisional tax collection during fiscal year 2014-15.Official sources said the Pakistan Post has collected Rs347.413mn for collection of utility bills on behalf of Pakistan Tele Communication Limited (PTCL), Sui Southern Gas Pipeline Limited (SSGPL), Sui Northern Gas Pipeline Limited (SNGPL), Water and Power Development Authority (WAPDA), Karachi Electrical Supply Company (KESC) and ...