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Pakistan pays 28th instalment of US $ 149 million to IMF: SBP ISLAMABAD: Pakistan on Tuesday successfully paid 28th Instalment under the IMF-SBA facility amounting to SDR96 million equivalent US$149 million, State Bank of Pakistan (SBP) Spokesperson said.In a statement issued by the Central Bank on Tuesday said that with repayment of the current instalment, Pakistan to-date has repaid to IMF SDRs4,385 million equivalent US$6,694 million since Jul-2011, of which SDR3,811 million equivalent US$5,809 million was under SBA facility.He added that after the current repayment, remaining amount due under IMF-SBA until Sep-2015 is SDR1,125 million.Copyright APP (Associated Press of Pakistan), 2014 ...

SBP outlines six-point-action plan to boost agri financing KARACHI: The Acting Governor, State Bank of Pakistan (SBP) Ashraf Mahmood Wathra has announced a six-point- action plan for boosting agricultural financing in the country.Addressing a meeting of Agricultural Credit Advisory Committee (ACAC) at SBP, Karachi today he outlined his action plan that includes (i) the launch of Financial Innovation Challenge Fund (FICF) in Rural & Agriculture Finance to foster innovation and test new markets, lower cost of delivery, streamlining systems and procedures to provide ...
Government committed to broaden tax net for economic revival: FBR Spokesman ISLAMABAD: Spokesman of Federal Board of Revenue (FBR) Shahid Hussain Asad on Friday said that the government is committed to broaden the tax net for the economic revival and to enhance the economic growth in the country.Talking to APP, he said that FBR launched an aggressive drive for broadening tax base and in this connection National Tax Number (NTN) has been issued to 3.5 millions tax payer.He said that out of 3.5 millions taxpayers, only ...
Senate body visits ZTBL ISLAMABAD: Senate Standing Committee on National Food Security and Research; headed by its Chairman, Senator Syed Muzafar Hussain Shah, paid a visit to Zarai Taraqiati Bank Limited, (ZTBL) Head Office here.The honorable members of the committee were apprised by the President, ZTBL, Ihsan-Ul-Haq Khan on Bank's performance during the period 2012-2013 with special emphasis on ZTBL's contribution towards national food security.The President of the Bank also highlighted major initiatives undertaken for safeguarding the interests of ...
Pak liquid forex decrease to $ 7.58906bn KARACHI: The total liquid foreign reserves of the country stand at dollars 7.58906 billion , said State Bank of Pakistan (SBP) here.According to weekly statement on Thursday , the foreign reserves held by State Bank on Feb. 07, 2014 amounted $ 2.84103 billion. The net foreign reserves held by banks other than SBP figured $ 4.74803 billion.During the week , SBP's liquid foreign reserves decreased by $ 341 million to $ 2,841 million compared to ...
SBP advises Banks, DFIs, MFBs to provide facilities for disable persons KARACHI: The State Bank of Pakistan (SBP) has advised banks, DFIs, MFBs to provide facilities for special persons suffering from any disability by making bank branches and ATM cabins easily accessible to them.According to a press release issued here on Thursday, SBP in a circular advised to provide preferential treatment or out of queue assistance to all special persons desirous to conduct banking transaction or want to avail other financial services from these institutions.The SBP ...
MCB Bank Ltd's investment in Burj Bank Ltd KARACHI: Muslim Commercial Bank (MCB) Limited has reached an understanding with the majority shareholders of Burj Bank Limited to invest in new and existing shares.As a result of this investment, the existing strategic shareholder of the Bank namely ICD Islamic Corporation for the development of the private sector ( the Private Sector Arm of the Islamic Development Bank Group ; an international financial institution / multilateral with their Head Office in Saudi Arabia) will also ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln