02132016Sat
Last update: Sat, 13 Feb 2016 07am

Banking & Finance

Pakistan - Banking & Finance

Pak forex figure US $ 20.196bn KARACHI: Total liquid foreign exchange reserves of the country stand at US $ 20.196 billion, said State Bank of Pakistan (SBP). An SBP's weekly statement here on Thursday stated the foreign reserves held by State Bank on Feb 5 were US $ 15,341 million and the net foreign reserves with other banks amounted US $ 4,854.8 million.During the week ending Feb 5, SBP's liquid foreign reserves decreased by US $ 94mn to $ 15,341mn compared to US $15,435mn in the previous week. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Workers' remittances rise by 6pc to $11.2bn in 7 months KARACHI: Overseas Pakistani workers remitted $ 11.2 billion in first seven months (July to January) of 2015-16; showing a growth of 6 percent compared to $ 10.566 billion received during the same period in the preceding year.During January 2016, the inflow of workers' remittances amounted to $ 1462.87 million, which is -10.64% lower than December 2015 and 4.21% higher than January 2015. The country-wise details for the month of January 2016 show that inflows from ...

Pakistan - Banking & Finance

DFS to be extended over 50pc population by 2020: Governor SBP ISLAMABAD: Governor State Bank of Pakistan Ashraf Mahmood Wathra here on Wednesday said that digital financial services (DFS) outreach would be extended to about 50 percent population of the country by 2020 which currently stood at 16 percent.Addressing a round-table on "Future of Digital Financial Services in Pakistan," organized by SBP, he said digital financial services was rapidly growing in the country.UN Secretary General's Special Advocate on Inclusive Finance for Development, Queen Maxima of Netherlands ...

Pakistan - Banking & Finance

SBP injects Rs4bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs. 4 billion into money market for three days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP auctions GoP Ijara Sukuk of Rs 11.6257bn KARACHI: State Bank of Pakistan (SBP) on Monday auctioned Government of Pakistan Ijara Sukuk (GIS-FBR) amounting Rs 11.6257 billion through its designated primary dealers.The cut-off fixed rental rate is 6.10 percent, said SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Over Rs320.323bn released for developmental projects ISLAMABAD: The government has released over Rs320.323 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 against the total allocation of Rs700 billion.According to latest data released by the Planning Commission of Pakistan, the government has released Rs34.568 billion for infrastructure development projects under National Highway Authority (NHA) as against the total allocation of Rs159.600 billion for FY 2015-16.Similarly Rs74.087 billion has been released for Water and Power Development Authority ...

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 ...