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Governor SBP for expanding work done on resolution framework KARACHI: Governor, State Bank of Pakistan, Ashraf Mahmood Wathra Tuesday outlined his outlook for the Regional Consultative Group Asia (RCG Asia) and suggested that the RCG should expand the work done so far on resolution framework as well as financial safety nets. " These initiatives will enable the member countries to exchange fruitful ideas to get critical insight on these issues", he added.According to SBP statement issued here, the SBP Governor was co-chairing the 9th meeting of Financial Stability Board- Regional Consultative Group for Asia (FSB-RCG Asia) alongside Norman T.L.Chan of Hong Kong Monetary Authority.The meeting was held in Hong Kong on Tuesday (Oct. 20) said a statement here.In July 2015, Governor Wathra was appointed as the co-chair of Financial Stability Board- Regional Consultative Group for Asia (FSB-RCG Asia) along with Norman T.L. Chan of Hong Kong Monetary Authority for a two-year term.The co-chairs are responsible for hosting RCG Asia ...

SBP allows trade settlement in Chinese currency KARACHI: The State Bank of Pakistan (SBP) has allowed ICBC Bank of China to settle import and export bills in Chinese currency Yuan.Now, ICBC Bank can open accounts of other banks as well for their transactions/operations in Chinese currency, confirmed SBP here on Tuesday. ICBC, one of the largest infrastructure Bank in the world, can also provide liquidity in Chinese currency to any bank, in case it needs, SBP said.ICBC's representatives Branson Chen Yuxuan and ...
SBP injects Rs1,341.550bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 1,341.550 billion into open money market for seven days through its open market operation (OMO).The rate of return accepted is 6.02 percent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
SBP employs available resources to curb menace of counterfeit currency KARACHI: Primary responsibility to check the influx of counterfeit notes lies with the Law Enforcement Agencies (LEAs), however, State Bank of Pakistan (SBP) has adopted a three pronged strategy to manage this risk.The strategy aims at ensuring state of the art security features in our banknotes which are difficult to counterfeit-- at developing necessary capacity and infrastructure with banks to issue genuine and authenticated banknotes to the public-- and at creating awareness amongst general public ...
SBP directs banks to install advanced machines to detect money KARACHI: State Bank of Pakistan has imported advanced machines capable of examining and sorting fake and different amount of currency notes and directed all the banks to install such machines in their every branch by 2017.Chief Spokesperson SBP Abid Qamar said the machines were imported to recognise fake currency notes and all the banks had been directed to buy the same modern technological machines for their use.This should be noted that the Chairman Senate Standing ...
Pakistan's Liquid Foreign Reserves position KARACHI: The total liquid foreign reserves held by the country stood at $18,349.1 million on September 25, 2015, a statement issued by the State Bank of Pakistan (SBP) said here on Thursday.The break-up of the foreign reserves position is as under. I) Foreign reserves held by the SBP: $13,408.2 million II) Net foreign reserves held by banks: $ 4,940.9 million III) Total liquid foreign reserves:$ 18,349.1 millionDuring the week ending September 25, SBP's liquid FX ...
Pakistan's Liquid Foreign Reserves rise to over US $ 18.5 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$18,500.8 million on September 18, 2015.Giving the break-up of the foreign reserves position a statement of the Central Bank issued here Tuesday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 13,496.2 million, while Net foreign reserves held by banks were US$ 5,004.6 million.The SBP said that during the week ending September 18, 2015, SBP's Liquid FX Reserves ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln