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Banks disburse Rs 368.7bn agriculture credit in ten months ISLAMABAD: The banks in the country have disbursed Rs 368.7 billion agriculture credit during first ten months of previous fiscal year which was 73.74 percent of overall annual target of Rs 500 billion.The disbursement was 27.84 percent higher than of Rs. 288.387 billion made during corresponding period last year.Sources in Agriculture Division on Wednesday said the decision has been taken to facilitate farmers' community as the government has seriously focused on bringing improvement in real sector growth through improvement in agriculture, industrial and services sectors. In this connection, a number of public sector development programmes have been initiated in production and infrastructure sectors.The sources said efforts were also made to provide better supply of inputs including quality seeds, fertilizer and pesticides etc. in timely manners to increase agriculture produce and encourage small poor farmers.During the period, the government remained focused on improving vocational and technical education networks to provide more ...

NBP role in accelerating home remittances highlighted KARACHI: National Bank of Pakistan (NBP) has been playing a pivotal role in accelerating home remittances business. Global home remittance significantly contribute to the economic growth, livelihood and prosperity of Pakistanis all around the world.NBP over a couple of years is equally playing a major role in helping the growth of home remittances to Pakistan through its streamlined and trusted services, said Khalid Bin Shaheen, Senior Executive Vice President and Group Chief, GHRMG and Chairman, ...
Bank holiday from July 17 to 21 KARACHI: State Bank of Pakistan (SBP) will remain closed from July 17 to 21.The coming Friday, Saturday, Sunday, Monday and Tuesday will be the public holiday due to Eid-ul-Fitr as notified by the Government of Pakistan, said SBP announcement said on Tuesday.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP to remain closed from July 17-21 ISLAMABAD: The State Bank of Pakistan will remain closed from July 17-21, 2015 (Friday, Saturday, Sunday, Monday and Tuesday) on the occasion of Eid-ul-Fitr as notified by the government, said an SBP statement issued here Tuesday.Copyright APP (Associated Press of Pakistan), 2015 ...
Significant rise in Workers' remittances in FY15 KARACHI: Overseas Pakistani workers remitted $ 18.454004 billion during the fiscal year 2014-15.This shows a significant growth of 16.5% compared with $ 15.837068 billion received during the same period in the preceding year, said SBP statement here on Monday.During June 2015, the inflow of workers' remittances amounted to $1.821028 billion, which is 9.51% higher than May 2015 and 21.5% higher than June 2014.The country-wise details for the month of June 2015 show that inflows from ...
Pak forex increases to $ 18.20105bn KARACHI: Total liquid foreign reserves of the country increased to $ 18.20105 billion on June 26, said State Bank of Pakistan.SBP statement here Thursday said that the foreign reserves held by State Bank amounted to $ 13.08802 billion and the net foreign reserves with other banks were $ 5.11303 billion.During the week ending June 26, SBP's liquid foreign exchange reserves increased by $ 772 million to $ 13.088 billion compared to $ 12.316 billion in ...
SBP simplifies remittances procedure for treatment, study abroad KARACHI: The State Bank of Pakistan (SBP) has simplified its instructions/procedure regarding remittances or release of foreign exchange related to medical treatment and studies abroad to facilitate resident Pakistanis to meet their individual foreign exchange needs. As per revised instructions related to medical treatment abroad, banks have been allowed to remit foreign exchange up to $ 50,000 or equivalent in other foreign currencies to foreign hospitals on account of medical treatment of resident Pakistanis on ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln