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Banking & Finance


SBP to facilitate public in obtaining fresh currency notes during Ramazan ISLAMABAD: In line with its tradition, the State Bank of Pakistan (SBP) will utilize the large branch network of commercial banks all over the country and the 16 field offices of SBP Banking Services Corporation for distribution of fresh currency notes to the general public to meet their needs for Eid-ul-Fitr celebrations.The SBP BSC field offices will start issuance of fresh notes w.e.f June 25 through their counters till the last working day before Eid-ul-Fitr; issuance of fresh notes as per quota to the public through 150 branches of commercial banks designated as "Select Branch" in major cities as express centres for issuance of fresh notes under the supervision of the officials of SBP BSC, says a statement issued by the SBP Tuesday.In addition to this special quota for fresh notes has also been issued to all commercial banks for provision of fresh notes to their regular clients.The branches of ...

Agri credit disbursement surges to Rs 439.8bn in 11 months KARACHI: During current fiscal year (July-May 2015) the banks have disbursed Rs 439.8 billion which is 88% of the overall annual target of Rs 500 billion. This is 31.4% higher than disbursement of Rs 334.7 billion made during the corresponding period last year, said a SBP statement issued on Monday.The outstanding portfolio of agriculture loans has also surged by Rs 43 billion or 15.5% i.e. from Rs 277.1 billion to Rs 320.1 billion at end ...
NBP launches Islamic banking system in Khyber Agency PESHAWAR: The National Bank of Pakistan (NBP) has formally launched Islamic banking system at tehsil Jamrud of Khyber Agency.In this connection, a function was held at NBP Jamrud branch that was attended besides others by Member National Assembly Shahgee Gul Afridi and Assistant Political Agent Jamrud Fahad Wazir.On this occasion, the NBP Manager appraised the audience about aims and objectives of the Islamic banking system. He said interest free banking facilities was now available for ...
Zarai Taraqiati Bank Limited gets AAA/A1+ ISLAMABAD: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited as AAA/A-1+ (Triple A/A One Plus), besides the safety of deposits mobilized by the Bank is explicitly guaranteed under the Bank's (Nationalization) Act, 1974.The assigned rating reflected the systematic importance of Zarai Taraqiati Bank limited (ZTBL) to the Agriculture economy of Pakistan, says a statement issued by the bank here today.Timely availability of agriculture credit continues to remain an ...
NBP ensures superlative ATM services for its customers during Ramzan & Eid holidays ISLAMABAD: The National Bank of Pakistan (NBP), being the nation's bank has taken special measures to ensure superlative Auto Teller Machine (ATM) services to facilitate its valued customers twenty four hours in seven days (24/7) during the holy month of Ramzan & Eid holidays acoss the country, a senior offical of the bank said."The NBP takes immense pride in being the Nation's Bank, keeping in view our responsibility to the nation, we are fully committed ...
JCR maintains entity of NBP Leasing KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of the NBP Leasing Limited (NBPL) at `A+/A-1' (single A plus /A-One).The previous rating action was announced on June 24,2014, said press release here on Thursday. NBPL is a wholly owned subsidiary of National Bank of Pakistan (NBP). The ratings of NBPL derive strength from its association with NBP, which is one of the largest commercial banks operating in the country.Access to capital ...
SBP injects Rs20.95bn into market KARACHI: State Bank of Pakistan (SBP) here on Thursday injected Rs 20.95 billion into financial market for four days through its open market operation (OMO).The rate of return accepted is 6.5 per cent per annum, SBP statement said.Copyright APP (Associated Press of Pakistan), 2015 ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln