Just in:  

You are here: Home»Pakistan»Banking & Finance

Banking & Finance


Pak forex figure $ 17.02805bn KARACHI: Total liquid foreign exchange reserves of the country stood at $ 17.02805 billion on May 29, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank figured $ 11.91302 billion and the net foreign reserves held by other banks were $ 5.11503 billion.During the week ending May 29, SBP's liquid foreign reserves decreased by $ 371 million to $ 11.913 billion compared to $ 12.284 billion in the previous week.Over the period, SBP made payments of $ 369 million on account of external debt servicing and other payments of Government of Pakistan. Copyright APP (Associated Press of Pakistan), 2015 ...

State Bank allows exchange companies to collect bills, install banks' ATMs KARACHI: State Bank of Pakistan (SBP) has decided to allow exchange companies of 'A' category to enter agreements with utility companies like WAPDA, KE, PTCL, SSGCL for collection of utility bills in Pakistan currency on their behalf. The Central Bank has taken the decision to enhance the scope of business of exchange companies, said SBP statement here on Wednesday.A copy of the final agreement between a utility company and an exchange company shall be submitted ...
State Bank rationalise processing fee for refund requests KARACHI: State Bank has decided to rationalise the processing fee for refund requests against the penalties imposed on account of violations recorded in the inspection reports.The revised processing fee has been set as a lump- sum amount of Rs 500,000 for banks /DFIs whereas a flat fee of Rs 100,000 for Microfinance Banks (MFBs), said a SBP statement here on Monday.State Bank Monday issued circulars for banks/DFIs and for Microfinance Banks.Previously the banks/ DFIs were ...
Country's total liquid foreign reserves stand at $ 17,494.2mn KARACHI: The total liquid foreign reserves held by the country stood at US$ 17,494.2 million on May 22, 2015, the State Bank said in a statement Thursday.It said the break-up of the foreign reserves position is as under. i) Foreign reserves held by the State Bank of Pakistan: US$ 12,284.4 million, (ii) Net foreign reserves held by Banks: US$ 5,209.8 million, (iii) Total liquid foreign reserves : US$ 17,494.2 million.During the week ending May 2, ...
NBP's pre-tax profit increased by 211pc ISLAMABAD: The National Bank of Pakistan (NBP)'s profit before tax increased by 211 % in 2014 and stood at Rs. 22 billion .Profit after tax increased by 173% from Rs. 5.5 billion in year 2013 to Rs. 15 billion in year 2014, the Spokesman of NBP Syed Ibne-Hassan in a statement issued here said.He added that earnings per share were Rs. 7.06 in year 2014 as against Rs. 2.59 of 2013, an increase of 173%, ...
SBP injects Rs 50.6bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 50.6 billion into the market for four days through its open market operation.The rate of return accepted is 6.5 percent per annum, said a SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
SBP injects Rs586.850bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 586.850 billion into market for seven days through its open market operation (OMO).The rate of return accepted is 7.49 percent per annum, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...


Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
Arrow Sensex 28,208.76 0.41

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln