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SBP asks commercial banks to deploy more ATM machines KARACHI: The State Bank of Pakistan has asked commercial banks to deploy more ATM machines nationwide, as currently available network of 9,000 machines lacks the strength to facilitate the growing population in future, said a Deputy Governor of the central bank, Riaz Riazuddin on Thursday."Density of ATMs is low in Pakistan and we need to increase it in future," said Riazuddin.He was speaking at the 13th ebanking conference and exhibition organised by Total Communications and 1Link at a hotel here, says a statement by the organisers on Thursday.According to World Bank, Naveed Ali Baig of Innovative said, there are available mere 6.49 ATM machines for each 1,000 people in Pakistan as compared to 290 machines in South Korea for each 1,000 people, 173 machines in US, 42.4 machines in Indonesia, and 13.27 ATM machines are available for each 1,000 people in India.Baig said banks have planned to deploy another 500-600 ...

Pakistan's Liquid Foreign Reserves reached to $ 17.491bn ISLAMABAD: The total liquid foreign reserves held by the country stood at US$17,491.0 million on April 17,2015.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued on Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 12,364.0 million while Net foreign reserves held by banks were US$ 5,127.0 million on April,17.During the week ending April 17, 2015,SBP's Liquid FX Reserves increased by US$605 million ...
SBP mops up Rs 108.2bn KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 108.2 billion for one day during its open market operation (OMO).SBP statement said the rate of return is 7.5 percent. The total number of 20 bids offered were accepted. Copyright APP (Associated Press of Pakistan), 2015 ...
CDNS mobilizes Rs 269bn savings during 9 months ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs 269 billion savings during current fiscal year from July 1st, 2014 to March 31,2015 against the target of Rs 284 billion.An official of CDNS giving breakups of nine months of the year 2014-15 regarding achievements of the CDNS said here on Thursday that "People have shown confidence in National Saving, when deceptive methods and risk factors are involved in different areas of market for ...
SBP injects Rs897.1bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected into market Rs 897.1 billion for seven days during its open market operation.SBP statement said the rate of return is 7.51 percent. The bids offered were of Rs904.1bn. Copyright APP (Associated Press of Pakistan), 2015 ...
Liquid foreign reserves reach US$16,818.4mn KARACHI: State Bank of Pakistan on Thursday announced that total liquid foreign reserves held by the country stood at US$16,818.4 million on 10 April 2015.The break-up of the foreign reserves position is as following: foreign reserves held by SBP stood US$11,758.7 million; net foreign reserves held by banks were US$5,059.7 million; and total liquid foreign reserves stood US$ 16,818.4 millionDuring the week ending 10 Apri l2015, SBP's Liquid FX Reserves increased by US$142 million to ...
Banking sector performance improves KARACHI: The operating performance of banks shows a marked improvement as the profit before tax has increased by 52 percent year-on-year to reach Rs 247 billion by the end of 2014.The quarterly performance review of the banking system for the quarter ending December 31, 2014 released by State Bank of Pakistan (SBP) here on Thursday said that this is reflected in the profitability indicators: net interest margin (NIM) has increased to 4.4 percent in December ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln