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Microcredit outreach witnesses healthy 19pc growth ISLAMABAD: The microcredit outreach has reached 2.8 million borrowers during 2013 as compared to 2.3 million active borrowers last year, showing a healthy growth of 19 per cent.The growth rate, being highest in the last five years, was the result of better microfinance policies of the government.An official information issued by Ministry of Finance has revealed that the total Gross Loan Portfolio (GLP) also increased from Rs32 billion in 2012 to Rs52 billion in 2013, showing an increase of 61 per cent.The increase in GLP is due to a combination of increasing outreach and rising loan sizes as Khushhali Bank Limited (KBL) continues to remain the largest Micro-Finance Provider (MFP) with 5,22,000 borrowers and a GLP of Rs9.66 billion.Women borrowers continue to make up bulk of the borrowers with a total share of 55 per cent. Moreover, 57 per cent of the borrowers belong to rural areas.Micro-savings stood at Rs34 ...

EOBI disburses Rs10.985bn to 330,645 beneficiaries ISLAMABAD: Employees Old Age Benefits Institution (EOBI) has disbursed an amount of Rs10.985 billion to 330,645 beneficiaries during first three quarters of this year.The EOBI also plans to accommodate 15,744 more beneficiaries up to June this year as an additional amount of Rs4.876 billion is allocated for Old-Age Pension, Survivors Pension, Invalidity Pension and Old-Age Grants.Sources at EOBI on Thursday said the Constitution makes it obligatory for the state to provide social security by compulsory ...
SBP sells Rs 86,823.895mn MTBs KARACHI: State Bank of Pakistan on Wednesday sold Government of Pakistan Market Treasury Bills of Rs 86,823.895 million, having face value of Rs. 90.039.500 million, through its primary dealers. The total bids received for 3-months, 6-months and 12-months MTBs were of the same amount, said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...
Workers remittances rise by 12.37pc at $ 14.33bn in 11 months KARACHI: Overseas Pakistani workers remitted an amount of $ 14.332097 billion in the first eleven months (July- May) of the current fiscal year. This shows a growth of 12.37 percent when compared with $ 12.755037 billion received during the same period of FY13, said SBP press release here on Wednesday. The inflow of remittances in July - May FY14 from Saudi Arabia, UAE,USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman),and EU countries ...
SBP revises regulations for micro-finance banks KARACHI: State Bank of Pakistan (SBP) has issued revised prudential regulations (PRs) for micro-finance banks (MFBs) to further improve their governance structure, consumer protection practices and anti-money laundering (AML) policies. Presently , ten MFBs are providing basic financial services to the poor and low-income people in the country. These MFBs are well-capitalized and owned by diverse and strong sponsors, said SBP release here on Tuesday.The revised regulations will enable these MFBs to prudently manage their ...
SBP renews status of credit rating agencies KARACHI: State Bank of Pakistan (SBP) has renewed the status of both the credit rating agencies operating in the country as eligible /recognized external credit assessment institutions (ECAIs) for the calendar year 2014.These agencies are JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited ( PACRA), said SBP press release here on Tuesday.Banks / DFIs using the standardized approach of Basel II are allowed to use credit rating assigned by these recognized ...
SBP reminds public to exchange of decimal coins of Paisa 1,2,5,10,25 & 50 ISLAMABAD: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial/microfinance banks branches by last working day of September 30, 2014For awareness of general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at visible places of their branches for exchange of decimal coins, a statement of the Central Bank issued on Tuesday said.It ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln