05292016Sun
Last update: Sun, 29 May 2016 08pm

Banking & Finance

Pakistan - Banking & Finance

Liquid foreign reserves reach US$21,611.7 million KARACHI: The total liquid foreign reserves held by the country stood at US$21,611.7 million on 20 May 2016. The break-up of the foreign reserves position is as under:Foreign reserves held by the State Bank of Pakistan (SBP) reached US$16,810.4 million; Net foreign reserves held by commercial banks were US$ 4,801.3 million; and total liquid foreign reserves were recorded at US$21,611.7 million.During the week ending 20 May 2016, SBP's Liquid FX Reserves increased by US$292 million to US$16,810 million, compared to US$16,518 million in the previous week.Copyright PPI (Pakistan Press International), 2016 ...

Pakistan - Banking & Finance

25pc of total education budget in FY 2016-17 urged for higher education ISLAMABAD: Federal and Provincial governments must take serious measures to maintain quality of higher education in the country.This was stated by Kanwar Muhammad Dilshad, Chairman of National Democratic Foundation (NDF) and former Secretary Election Commission of Pakistan while addressing NDF-PSSP Joint briefing session on their letters sent to four Chief Ministers, here on Friday.Chairman Pakistan Social Services Partnership (PSSP) Kanwar Muhammad Javed Iqbal emphasized that provision of at-least 25% of education budget towards higher education ...

Pakistan - Banking & Finance

Market rates of bullion in Lahore LAHORE: Following bullion rates were received from markets here on Friday:BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 42310.00GOLD 22 CT-------------38784.00 GOLD 21 CT-------------37020.00SILVER TEZABI------------590.00SILVER THOBI-------------569.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Pak forex surge to $ 21.319bn KARACHI: The total liquid foreign exchange reserves of the country increased to $ 21.319 billion, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on May 13, amounted $ 16,517.5 million and the net foreign reserves with commercial banks amounted $ 4,801.9 million.During the week , SBP's liquid foreign reserves increased by $ 485 million to $ 16,518 million, compared to $ 16,033 million in ...

Pakistan - Banking & Finance

National Savings collects Rs201bn in 10 months ISLAMABAD: Central Directorate of National Savings (CDNS) collected Rs 201 billion against the proportionate target of Rs 253 billion by May 5, during the current fiscal year (2015-16), a CDNS official said on Thursday.The official said that the estimated target of the national savings for the year 2015-16 had been set at Rs 304 billion.Likewise, he said during the first quarter of the current fiscal year, the CDNS collected Rs 82 bln against the proportionate ...

Pakistan - Banking & Finance

Rs 1500 prize bond draw held in Multan MULTAN: The 66th draw of Rs 1500 denomination prize bonds was held at the auditorium of State Bank of Pakistan (SBP) Multan on Monday.First prize of Rs 2 million went to bond number '532148', the spokesman for National Savings Multan region, said Asghar Shah Bukhari. Three prize bonds including '413903', '523301' and '912440' won the second prize while 1696 prize bond numbers won the third prize.Speaking on the occasion, regional director, Central Directorate of National ...

Pakistan - Banking & Finance

Pak receives US$ 14,157.65 million foreign exchange during this fiscal year so far ISLAMABAD: Pakistan has received valuable foreign exchange of US$ 14,157.65 million from Overseas Pakistanis during the current fiscal year (till March) so far.According to the data received by the Ministry of Overseas Pakistanis and Human Resource Development from State Bank of Pakistan, an amount of US$ 1,884.27 million was sent by the human resource in United States from July 2015 till March 2016.An amount of US$ 1,758.55 million was sent by the overseas workers in ...