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SBP mops up Rs94,200mn in repo sale KARACHI: State Bank of Pakistan (SBP) on Wednesday mopped up Rs94,200 million under repo sale during its open market operation in Government of Pakistan market treasury bills.The bids received for two-day and eight-day repo sale amounted Rs98,200 million. The rate of return per annum is 9.14 percent and 9.15 percent respectively, said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...

Excise dept to enforce new property tax survey from Aug 1 MULTAN: The excise and taxation department will enforce the new property tax survey from Aug 1, instead of July due to some changes including reduction in the tax rate from 25 to 5 per cent and penalties on giving incorrect property rent details.Director Excise and Taxation Multan Jam Muhammad Saraj told APP that the tax rate had been reduced to encourage people to bring on record the rent of their properties. He said that the ...
Rs15000 prize bond's balloting on Wednesday FAISALABAD: 59th balloting of prize bond worth Rs15000 will be held at Multan on Wednesday (July 2).According to a spokesman of the National Savings, the first position holder will get a prize of Rs30 million while three prize of Rs10 million each have been reserved for second position holders.Copyright APP (Associated Press of Pakistan), 2014 ...
Pakistan's forex rises to $ 14.26305bn KARACHI: Total liquid foreign reserves of by the country increased to dollars 14.26305 billion, said State Bank of Pakistan.According to weekly SBP statement issued here on Thursday, the foreign reserves held by State Bank on June 20, amounted $ 9.18905 billion against the previous week balance of $ 8.66903 billion. The net foreign reserves held by banks figured $ 5.074 billion against the previous balance of $ 4.90109 billion. During the week ending June 20, ...
SBP declares rental coupon rate of 3-year GoP Sukuk KARACHI: State Bank of Pakistan on Wednesday declared the rental coupon rate of 3-year Government of Pakistan ( GIS-9) Sukuk.The rate is 9.9763 percent and the payment date is December 26, 2014. The 3-year GoP sukuk was auctioned on December 20, 2011, said a press release here on Wednesday. This rental coupon rate will be applicable to successful bids in the auction.Copyright APP (Associated Press of Pakistan), 2014 ...
Excise people to work for 'recovery targets' FAISALABAD: The weekly holidays of Excise & Taxation department employees have been cancelled to enable them achieve the recovery target.A spokesman told here on Wednesday that steps were being taken on daily basis to achieve 100 percent recovery target. In this connection, properties of defaulters were being sealed, while vehicles whose token tax was unpaid so far were being impounded, it was learnt.June is last month of the fiscal year and during this month 100 ...
Foreign remittances reach US$ 12.895bn in ten months ISLAMABAD: Foreign exchange remittances from Pakistani workers abroad have reached US $ 12.895 billion during first ten months of current fiscal year against US $ 11.57 billion in comparable period of 2012-13.The foreign exchange remittances from Pakistani workers abroad during financial year 2012-13 were US$ 13.922 billion.According to Ministry of Overseas Pakistanis & Human Resource Development here on Sunday, the government is considering a proposal to substantially boost foreign remittances and foreign exchange reserves as ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln