07252016Mon
Last update: Mon, 25 Jul 2016 06pm

Banking & Finance

Pakistan - Banking & Finance

Awareness session on Green Banking SIALKOT: State Bank of Pakistan (SBP) is holding a one-day awareness session on Green Banking and Refinance Scheme for renewable energy here on July 26 (Tuesday). According to the SBP sources, State Bank of Pakistan has step up measures for the promotion and sustainable banking, as a tool to redress energy shortfall and climate change, the two key issues of Pakistan's economy. In line with this vision, infrastructure, housing and SME finance department of the SBP has established a Green Bank Unit, as the SBP has recently revised refinance scheme for renewable energy. The SBP has also become an active partner with German Development Cooperation Agency for implementation of their renewable energy efficiency programme.The SBP has previously organized awareness sessions on Green Banking in Karachi, Islamabad, Lahore and Faisalabad.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

OPs send US$ 19.9 billion remittances in FY 2016 ISLAMABAD: Pakistan has received valuable foreign exchange of US$ 19914.60 million from the Overseas Pakistanis in the Fiscal Year 2016, showing a growth of 6.38% compared to the last year' remittances of US$ 18719.80 million.According to the data received to the Ministry of Overseas Pakistanis and Human Resource Development from State Bank of Pakistan, the inflow of workers' remittances amounted to US$2072.97 million during June 2016.The country wise details for the month of June 2016 ...

Pakistan - Banking & Finance

Pakistan's Liquid Foreign Reserves Position KARACHI: The total liquid foreign reserves held by the country stood at US$ 23,091.4 million on July 15, says a statement of the State Bank of Pakistan here on Thursday.It said that the break-up of the foreign reserves position is as under: i) Foreign reserves held by the SBP: US$ 18,077.4 million ii) Net foreign reserves held by commercial banks: US$ 5,014.million iii) Total liquid foreign reserves: US$ 23,091.4 millionThe statement further pointed out that ...

Pakistan - Banking & Finance

Low pensionary amount multiplies sufferings of EOBI beneficiaries ISLAMABAD: The low pensionary amount of Rs. 5250 only per month has multiplied the suffering of the beneficiaries of Employees Old Age Benefit Institution (EOBI) especially industrial and mine workers who are finding difficult to meet both ends of life.The pensioners registered with EOBI have demanded of the government to increase their pension from Rs. 5250 upto at least Rs.15000, considering the prevailing price hike situation in the country.According to the official source, around 40 ...

Pakistan - Banking & Finance

OPs send US$19.9bn remittances in FY 2016 ISLAMABAD: Pakistan has received valuable foreign exchange of US$ 19914.60 million from the Overseas Pakistanis in the Fiscal Year 2016, showing a growth of 6.38% compared to the last year' remittances of US$ 18719.80 million.According to the data received to the Ministry of Overseas Pakistanis and Human Resource Development from State Bank of Pakistan, the inflow of workers' remittances amounted to US$2072.97 million during June 2016.The country wise details for the month of June 2016 ...

Pakistan - Banking & Finance

SBP to issue Rs 50 coin in memory of late Edhi ISLAMABAD: The State Bank of Pakistan would issue a commemorative coin of Rs. 50 in memory of late Abdul Sattar Edhi as a small token of appreciation to remember him in the history of Pakistan.SBP Ashraf Mahmood Wathra announced this while addressing to a `condolence' gathering to pay tributes to late Abdul Sattar Edhi who served the needy, the orphans, the widows and the destitute by rising above the considerations of caste, color and creed.The ...

Pakistan - Banking & Finance

SBP honours Edhi with Rs 50 commemorative coin The State Bank of Pakistan (SBP) has announced to issue a 50 Rupee commemorative coin, in recognition to the work by late humanitarian Abdul Sattar Edhi, on Saturday.According to local media reports, a ceremony was conducted by the SBP to honour Pakistan’s most well known philanthropist and social worker. Governor State Bank Ashraf Mahmood Wathra addressing at the central bank premises paid tributes to Abdul Sattar Edhi.The governor said that the government decided to issue ...