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SBP issues guiding principles on fairness of service charges KARACHI: State Bank of Pakistan (SBP) has issued guiding principles on fairness of service charges levied by banks.The instructions set forth nine principles which will apply on service charges effective from 1st July, 2015, said SBP statement here on Tuesday. It is imperative that fairness and transparency in determining charges for various products and services provided by the banks will enhance confidence of customers in the banking industry.State Bank, in guiding principles, clarifies that the banks must act fairly while recovering the charges from customers whereas all such charges should be disclosed in a manner which is simple and easy to understand. SBP further emphasizes that these service charges should be reasonable, commensurate with the service and customers should not be charged for the services not rendered or rendered without consent.The Central Bank also encourages awareness campaigns by banks to increase customers' understanding of service charges. All banks are required ...

SBP Governor asks banks to ensure operational efficiency KARACHI: Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra has stressed upon the banks to focus on private sector lending and deposit mobilisation.In this context he said that the average spread of all banks continues to remain high and should be reasonably rationalised."SBP shall review the position by the end of June 2015 and may take regulatory measures to lower the spread," he said while addressing a meeting of Presidents/CEOs of all commercial Banks ...
SBP injects Rs459.150bn into market KARACHI: State Bank of Pakistan (SBP on Friday injected Rs. 459.150 billion into market for seven days through its open market operation (OMO). The bids offered for this injection were of Rs. 496.950 billion. The rate of return accepted is 9.3 per cent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
Pak forex stands at $ 15.01908bn KARACHI: Total liquid foreign reserves of the country stand at dollars 15.01908 billion, said State Bank of Pakistan's (SBP) weekly statement issued here on Thursday. The statement said that the foreign reserves held by State Bank on January 16 amounted to dollars 10.33005 billion and the net foreign reserves held by other banks stood at dollars 4.68903 billion.During the week ending on January 16, SBP's liquid foreign exchange reserves decreased by dollars 34 million to ...
Banks disburse Rs 219.5bn agri loan in 6 months: SBP KARACHI: During the first half of current fiscal year (July-Dec. 2014) the banks have disbursed agricultural credit of Rs 219.5 billion which is 44% of the overall annual target of Rs 500 billion.This is 38% higher than disbursement of Rs 159.4 billion made during the corresponding period of last year. The outstanding portfolio of agricultural loans has increased by Rs 34.7 billion from Rs 276.7 billion to Rs 311.4 billion at the end December 2014 ...
SBP Governor's press conference on monetary policy KARACHI: Governor, State Bank of Pakistan (SBP) Ashraf Mahmood Wathra will announce monetary policy decision at a press conference here on Saturday. The press conference is scheduled to start by 4.30 PM at SBP Head Office, said SBP announcement here on Wednesday.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP auctions Rs 156.505045bn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Government of Pakistan market treasury bills (MTBs) amounting Rs 156.505045 billion; with face value of Rs 168.40301 billion.The bids offered for 3-months, 6-months and 12-months MTBs were of Rs 506.4100683 billion ; having face value of Rs 546.26703 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln