05012016Sun
Last update: Sun, 01 May 2016 01pm

Banking & Finance

Pakistan - Banking & Finance

Pak forex figure $ 20.7710bn KARACHI: The total liquid foreign reserves of the country stood at $ 20.7710 billion, said State Bank of Pakistan Thursday.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on April 15, amounted $ 16,027.2 million and the net foreign reserves held by other banks were $ 4,752.6 million.During the week ending April 15, SBP's liquid foreign exchange reserves decreased by $ 14 million to $16,027 million, compared to $16,041 million in the previous week.During the week, SBP made payments of $ 178 million on account of external debt servicing and other official payments. SBP received $ 223.6 million from United States of America under Coalition Support Fund, during the week.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP auctions Rs 135.958bn PIBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds (PIBs) worth Rs 135.958 billion.The maturity period of 3,5,10 and 20 years. Their coupon rates are 7 percent, 7.75 percent, 8.75 percent and 10.75 percent, said SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

OP send US $ 83792mn foreign exchange from July 2010 till date ISLAMABAD: Pakistan has received valuable foreign exchange of US $ 83792.11 million from Overseas Pakistanis (OP) during the last five fiscal years and the three quarters of the current year.The year wise break up of this huge amount reveals that US $ 11200.90 million were received in the fiscal year 2010-11, US $ 13186.58 million in 2011-12, US $ 13920.16 million in 2012-13, US $ 15,832.25 million in 2013-14, US $ 18454.04 million 2014-15 and ...

Pakistan - Banking & Finance

Rs2389mn out of total FATA budget utilized ISLAMABAD: Senate Standing Committee on States and Frontier Regions (SAFRON) was informed on Tuesday that Rs 2389.367 millions out of the total budget of FATA has been utilized till Nov, 2015.The senate body met here under the chairmanship of Senator Hilal ur Rehman.The officials of Ministry of SAFRON apprised the body that the total budget of current year of 2015-16 for the FATA was Rs 19,700 million.They said Rs 7450 millions have been released till ...

Pakistan - Banking & Finance

New model branch of national savings inaugurated SUKKUR: National Savings inaugurated a new model branch in Khairpur here on Tuesday aims at attracting huge investment of the area residents.Due to the new branch of National Savings, people will enjoy attractive returns on their investments and it will contribute to the national economy, said a statement.Regional Director, National Savings Sukkur, Muhammad Ali Thebo along with Assistant Director, Imran Bozdar, Assistant Director (Inspection and Accounts), Mushtaq Ali Thebo, Traders, Lawyers and civil personalities graced ...

Pakistan - Banking & Finance

HBL granted Chinese licence KARACHI: Pakistan's largest bank, Habib Bank Limited, said on Monday it had won a licence to operate a branch in the Chinese city of Urumqi, the first South Asian bank to be granted such a licence.The opening of the Pakistani bank in Urumqi, the capital of the violence-prone far-western region of Xinjiang, which borders Pakistan, will deepen ties between the two countries that last year signed a $46 billion agreement for infrastructure and energy projects."HBL ...

Pakistan - Banking & Finance

SBP issues regulatory framework for private credit bureaus KARACHI: The State Bank of Pakistan (SBP) has issued Credit Bureaus Regulations and licensing criteria for setting up credit bureaus in private sector in Pakistan vide its notification issued on 15-04-2016.A statement on Friday said that the regulations prescribe regulatory requirements with respect to corporate governance, data security, operational efficiency and consumer grievance handling for credit bureaus.It said that the licensing criteria has been made public to ensure transparency and guidance for prospective applicants about ...