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Higher agriculture credit disbursement by banks during July-February: SBP ISLAMABAD: Against the agriculture credit target of Rs. 380 billion for FY 2013-14, banks disbursed Rs. 218.3 billion during July-February, 2014 which is 57.4pc of the annual target."The disbursement is 11.0pc higher than Rs. 196.1 billion disbursement during the corresponding period last year. The outstanding portfolio of agri. loans has increased by Rs. 39.3 billion (16.8pc) i.e. from Rs. 234.1 billion to Rs. 273.4 billion at end February, 2014 as compared to same period last year", says a statement of the State Bank of Pakistan (SBP) issued here Friday.The SBP said that five major commercial banks as a group disbursed agri. loans of Rs. 113.0 billion or 60.1pc of its annual target which is higher by 8.5pc from Rs 104.2 billion during the corresponding period last year."Amongst the major banks MCB achieved 65.5pc, HBL and NBP 63.3pc each, UBL 51.8pc and ABL could achieve only 49.3pc of their individual annual ...

Pakistan's Liquid Foreign Reserves reaches US $ 10 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at $9,648.9 million on Mar 14, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here on Thursday said that Foreign reserves held by the State Bank of Pakistan stood at $4,808.5 million while the Net foreign reserves held by banks stood at $4,840.4 million.The SBP said that during the week ending Mar 14,2014, the Banks's Liquid FX ...
New structural economic reforms will help enhance revenues: Salman Shah ISLAMABAD: New structural economic reforms are needed to enhance revenues, ensure better utilization of funds and grants in order to bring economy on right track.These views were expressed by Salman Shah, financial expert and former Finance Minister in an interview on PTV.He said recently a Muslim friendly country had given financial assistance which would be helpful in improving fiscal and financial aspects of the economy.He said due to borrowed funds, country's external liabilities had increased ...
SBP hosts seminar on Risk Management Framework in Banks ISLAMABAD: Acting Governor, State Bank of Pakistan Ashraf Mahmood Wathra here on Monday underscored the need of the significance of robust risk management framework in banks for healthy banking system and economic growth.While addressing the participants of the SAARCFINANCE seminar on "Risk Management Framework in Banks" held here at National Institute of Banking and Finance (NIBAF), he said that banks' risk management frameworks should strive to cover the full spectrum of risks and should be ...
SBP injects Rs 44,300mn KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 44,300 million into open money market for 4-days during its open market operation (OMO). According to SBP statement here, the bids offered amounted Rs 53,800 million. The rate of return is 9.96 percent.Copyright APP (Associated Press of Pakistan), 2014 ...
SBP announces coupon rate of three year GoP Ijara Sukuk (GIS-13) KARACHI: State Bank of Pakistan (SBP) on Monday announced 4th rental coupon rate for 3-year Government of Pakistan Ijara Sukuk GIS-13.The auction was conducted on Sept. 11, 2012. The profit rate will be applicable to all accepted bids in this auction, said a SBP statement here on Monday.Profit at 9.7290 percent per annum has been declared for the 3-year ijara sukuk (GIS-13) and the payment date will be Sept. 18, 2014.Copyright APP (Associated Press of ...
Pak liquid forex increases to $ 9.37507bn KARACHI: The total liquid foreign reserves of the country increased to dollars 9.37507 billion , said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on March 07, 2014 amounted $ 4.62206 billion and net foreign reserves held by banks figured $ 4.75301 billion. During the week, SBP's liquid forex reserves increased by $ 702 million to $ 4,623 million compared to $ 3,921 million of ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln