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Banking & Finance


SBP issues quarterly performance review of banking sector KARACHI: The Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th September, 2015 released by SBP today highlighted that the year to date (Jan-Sep) profit after tax of the banking sector recorded at PKR 148 billion, as against PKR 163 billion during CY14. Return on Assets (ROA) before tax has increased to 2.6 percent in Sep-15 from 2.2 percent in Sep-14. However, the likely adjustment on account of provisions against infected portfolio by the year end may keep a check on further growth in profits.The Sep-15 quarter observed a marginal rise of 2.1 percent in the asset base of the banking sector. Public sector demand for credit remained strong due to fiscal needs while private sector advances witnessed nominal seasonal decline of 0.4 percent. Well aligned with the domestic credit cycle, deposits also declined by 2.6 percent. Banks, therefore, relied more on borrowings which grew by ...

National Savings collected Rs 107bn till Nov 14 ISLAMABAD: The Central Directorate of National Savings (CDNS) has collected Rs 107 billion as against the proportionate target of Rs 113 billion till November 14, during the current fiscal year (2015-16).An official of the CDNS informed APP here on Monday, the estimated target of the national savings for the year 2015-16 has been set for Rs 302 billion.Likewise, he said during the first quarter of current fiscal year the CDNC collected Rs 82 billion as ...
SBP injects Rs 131.5bn KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 131.5 billion into money market for one day during its open market operation (OMO).The rate of return is 6.05 percent per annum, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
Pak forex stand at $19.713bn  KARACHI: Total liquid foreign exchange reserves of the country stand at 19.713 billion dollars, said the State Bank of Pakistan (SBP). According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank of Pakistan on November 13 amounted $ 14.589 billion and the net foreign reserves with other banks were $ 5.124 billion.Over the week, SBP's liquid foreign reserves decreased by $ 115 million to $ 14.589 billion, compared to $ ...
SBP auctions PIBs of Rs 48.525bn KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds (PIBs) of Rs. 48.525 billion. The maturity period of these PIBs is 3, 5, 10 and 20 years. The coupon rates are 8.75pc, 9.25pc 9.75pc and 10.75, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
SBP committed to enhancing role of its internal audit KARACHI: Governor, State Bank of Pakistan (SBP) Ashraf Mahmood Wathra has said that the Central Bank is striving to further strengthening the role of its internal audit function as an independent assurance provider in line with the international auditing standards and best practices.He was of the view that internal audit had achieved a significant role after the global financial crisis, a press release of SBP said here on Monday.He stated that with the introduction of ...
NBP to upgrade its IT service ISLAMABAD: The Auto Teller Machine (ATM) and Internet Banking Services of National Bank of Pakistan (NBP) may not be available on Sunday (November 15), from 1 am to 4 am and on, November 16 (Monday) from 1 am to 4 am.The suspension would occur due to upgrading of Information Technology services with latest Technologies for better performance and increasing efficiency, said a statement of the Bank issued here on Friday.Copyright APP (Associated Press of Pakistan), ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln