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Last update: Thu, 11 Feb 2016 10pm

Banking & Finance

Pakistan - Banking & Finance

MP meeting schedule to be announced on nomination of members KARACHI: State Bank of Pakistan (SBP) will announce the schedule of the first meeting of monetary policy (MP) after nomination of its members is completed. In November 2015, amendments in the SBP Act 1956 were enacted. According to which a monetary policy committee (MPC) has been constituted with the primary responsibility to decide about the monetary policy of State Bank of Pakistan, said SBP statement here on Thursday.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Salaries of daily wage teachers released; Senate told ISLAMABAD: Minister for Capital Administration and Development Division (CADD) Dr. Tariq Fazal Chaudhary said on Thursday funds had been provided for daily wage teachers working in institutions of the federal capital.Replying to a calling attention notice in the Senate, the minister said finance ministry had released Rs 140 million for salaries of daily wage teachers who had started receiving their cheques.He said sincere efforts were being made for the rights of those teachers and principals ...

Pakistan - Banking & Finance

SBP auctions Rs292.22bn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Government of Pakistan Market Treasury Bills (MTBs) through its Primary Dealers and realized the value of Rs. 292.22 billion.The face value of these bills is Rs. 304.988 billion. The maturity periods of the MTBs are 3, 6 and 12 months, said SBP statement. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP auctions Rs 292.22bn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Government of Pakistan Market Treasury Bills (MTBs) through its Primary Dealers and realized the value of Rs 292.22 billion.The face value of these bills is Rs 304.988 billion. The maturity periods of the MTBs are 3,6 and 12 months, said SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP plays due role in housing finance: Dy. Governor LAHORE: State Bank of Pakistan (SBP) Deputy Governor (FM, IB & SI) Saeed Ahmad said on Tuesday that SBP was playing its due role in the development of housing finance in the country. Addressing as chief guest at Housing Finance (HF) Awareness Programme organized by the SBP-Banking Services Corporation (BSC) and banks at a local hotel, he said that since shelter was the very basic need of every individual, the present government took various initiatives ...

Pakistan - Banking & Finance

SBP plays due role in housing finance: Deputy Governor LAHORE: State Bank of Pakistan (SBP) Deputy Governor (FM, IB & SI) Saeed Ahmad said on Tuesday that SBP was playing its due role in the development of housing finance in the country. Addressing as chief guest at Housing Finance (HF) Awareness Programme organized by the SBP-Banking Services Corporation (BSC) and banks at a local hotel, he said that since shelter was the very basic need of every individual, the present government took various initiatives ...

Pakistan - Banking & Finance

Economic activities gathered pace in Q1, says SBP KARACHI: The State Bank of Pakistan submitted its First Quarterly Report of FY16 titled 'The State of Pakistan's Economy' to the Parliament today. According to the report, notable improvements in the key macroeconomic indicators during the first quarter of the year can be observed; however, much needs to be done to ensure their sustainability.The report states, 'Taking comfort from visible improvement in macroeconomic environment, SBP initiated monetary easing in FY15, which continued during the first ...