All
 

 

Just in:  

You are here: Home»Pakistan»Banking & Finance

Banking & Finance

Archive

Pak forex reserves enhance to $ 13.43509bn KARACHI: Total liquid foreign reserves of the country increase to dollars 13.43509 billion, said State Bank of Pakistan (SBP). SBP's weekly statement here on Thursday said that the foreign reserves held by State Bank on October 10, amounted to $ 8.88201 billion and the net foreign reserves held by other banks figured $ 4.55308 billion. During the week ending Oct. 10, SBP's liquid foreign reserves increased by $ 25 million to $ 8,882.1 million compared to $ 8,857 million in the previous week. During the week, SBP received $ 44 million from multilateral and bilateral sources. There was no significant outflow during the week, the statement said.Copyright APP (Associated Press of Pakistan), 2014 ...

SBP may outright purchase or sale of Ijara Sukuk (GIS) as part of open market operations ISLAMABAD: The State Bank of Pakistan (SBP) has decided that it may outright purchase or sale Government of Pakistan Ijara Sukuk (GIS) either on deferred payment basis (Bai-Muajjal) or on ready payment basis through Open Market Operations (OMOs) based on multiple price competitive bidding auction process.This initiative has been taken by the Central bank in order to facilitate Islamic Banking industry in their liquidity management and more effective transmission of monetary policy, a statement of ...
Overseas Pakistanis remit $4.69bn in 3 months KARACHI: Overseas Pakistanis remitted an amount of $ 4694.69 million in first three months of current fiscal year (FY15) ; showing an impressive growth of 19.52 percent compared to $ 3927.94 million received during the same period of the last fiscal year (FY14), says State Bank of Pakistan.SBP statement here Wednesday said, the inflow of remittances during September 2014 from Saudi Arabia, United Arab Emirates (UAE), United States of America, United Kingdom, GCC countries (including ...
More than 80pc tax target achieved FAISALABAD: Regional Tax Office has achieved more than 80 percent of the recovery target set for the first quarter of 2014-15.Regional tax office source said on Wednesday that Federal Board of Revenue had fixed recovery targets for Regional tax office Faisalabad including Rs. 3992 million income tax, Rs. 1750 million Sales Tax and Rs. 51.100 million Federal Excise duty.Regional tax office recovered Rs. 78.944 million Federal Excise Duty which exceeds the target set.It also got ...
Pak forex increase to $ 13.40008bn KARACHI: The total liquid foreign reserves of the country increase to dollars 13.40008 billion , said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on Oct.3, amounted to dollars 8.85702 billion against the previous weekly balance of $ 8.60908 billion. The net foreign reserves with other banks figured at $ 4.54306 billion against $ 4.60007 billion.During the week ending on October 3, SBP received $ ...
Mobile wallets reach 4.2mn in Q2 CY14 KARACHI: The number of mobile wallets has reached 4.2 million by the end of the second quarter of 2014 (April- June), registering an increase of 11 percent.The mobile wallets are banking accounts which are being opened largely by the previously unbanked population at their nearby shops which are working as branchless banking agents, said State Bank of Pakistan's (SBP) newsletter on branchless banking here on Thursday. It said that overall number of branchless banking (BB) ...
SBP injects Rs15.300bn into market KARACHI: State Bank of Pakistan (SBP) has injected Rs. 15.300 billion into the market for seven days during its open market operation (OMO).The bids offered were of Rs. 25.300 billion. The rate of return will be 9.96 percent, said SBP statement here on Friday. Copyright APP (Associated Press of Pakistan), 2014 ...

 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln