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SBP mops up Rs 35,000mn in OMO KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 35,000 million under its 7-days repo sale through its open market operation (OMO) in Government of Pakistan Market Treasury Bills.The bids offered were of the same amount, said a SBP release here.Copyright APP (Associated Press of Pakistan), 2014 ...

SBP injects Rs308,750mn thru OMO KARACHI: State Bank of Pakistan on Friday injected Rs. 308,750 million for seven days into the market through its open market operation.The bids received amounted Rs. 314,950 million. The rate of return is 10.15 percent, said an SBP press release here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 9.71305bn KARACHI: The total liquid foreign reserves of the country stand at dollars 9.71305 billion, said State Bank of Pakistan (SBP).According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on April 4, amounted $ 4.94302 billion and the net foreign reserves held by banks figured $ 4.77003 billion.During the week, SBP's liquid foreign reserves decreased by $ 229 million to $ 4,943 million compared to $ 5,172 million in the ...
Islamic finance a better alternative: DG SBP KARACHI: Deputy Governor (DG) of State Bank of Pakistan (SBP) Saeed Ahmad has said that Islamic finance is all set to become a better alternative to the conventional banking.This he said while addressing on completion of ten successful years of "Raast Islamic Banking" programme of Bank of Khyber, said a press release issued here on Saturday.Congratulating Bank of Khyber Management, Board of Directors, and "Raast Islamic Banking" team, Saeed hoped that with continued demand on ...
No need to change FBR's existing tax collection system: RCCI President RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI) Dr. Shimail Daud said investors made billions of rupees investment in various sectors under the existing system of Federal Board of Revenue (FBR) and there is no need to change it.He said FBR's present system is not only modern but also being practiced in developed countries for giving boost to economic activities, adding "it was introduced in consultation with World Bank and Department for International Development ...
SBP injects Rs308 billion in open market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 308.150 billion into open money market for seven days during its open market operation.According to SBP statement here, out of 25 quotes offered for 7-days tenor which amounted Rs. 360,300 million, 14 quotes worth Rs. 308,150 million were accepted. The rate of return is 10.5 percent. Copyright APP (Associated Press of Pakistan), 2014 ...
State Bank issues shariah governance framework of IBIs KARACHI: State Bank of Pakistan (SBP) has issued a comprehensive shariah governance framework (SGF) to strengthen the overall shariah compliance environment in islamic banking institutions (IBIs). The framework, aimed at institutionalizing the shariah compliance function in IBIs, will be applicable from Oct. 01, 2014, said a SBP release here on Friday. It explicitly defines the roles and responsibilities of all organs of IBIs including their board of directors, executive management, shariah board, shariah compliance department ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln