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Banking & Finance


SBP declares rental coupon rate of GoP ijara sukuk KARACHI: State Bank of Pakistan (SBP) on Wednesday declared 6th rental coupon rate at 9.9791 per cent per annum for the Government of Pakistan Ijara Sukuk 3-year (GIS-11). The coupon rate amount will be paid on April 23, 2015, said SBP statement here on Wednesday. The Ijara Sukuk was auctioned on April 23, 2012. This profit will be applicable to all accepted bids in this auction.Copyright APP (Associated Press of Pakistan), 2014 ...

NBP's earns profit of Rs 18bn in nine months KARACHI: National Bank of Pakistan (NBP) earns pre-tax profit of Rs 18 billion during nine months period ending Sept. 30, 2014; 143% higher than last year corresponding period's Rs 7.4 billion.NBP's Board of Directors, in their meeting here on Wednesday, approved the financial statements of the bank for the last nine months, said NBP release. The bank recorded after tax profit of Rs 12.1 billion during the period, an increase of 107% from last year.Earnings ...
Agri credit increases by 38pc in 3 months: SBP KARACHI: Agriculture credit disbursement surges by 38% to Rs 98 billion in the first quarter of FY14. During the first quarter of current fiscal year (Jul- Sep 2014) the banks have disbursed Rs 98.1 billion which is 20% of the overall annual target of Rs 500 billion; 38% higher than disbursement of Rs 70.8 billion made during the corresponding period last year, said statement issued by State Bank of Pakistan (SBP) here on Tuesday.The outstanding ...
SBP issues guidelines to strengthen internal controls in payment instruments KARACHI: State Bank of Pakistan (SBP) has issued the guidelines to banks and micro-finance banks for strengthening internal controls in payment instruments.SBP's has issued these guidelines in view of the inherent operational risks in processing, cancellation and issuance of payment order, demand draft, cash deposit receipt or banker's cheque ( collectively referred as the payment instruments), said SBP release here on Monday.Now, banks/MFBs shall strictly observe the following controls in addition to those already in ...
Pak forex reserves enhance to $ 13.43509bn KARACHI: Total liquid foreign reserves of the country increase to dollars 13.43509 billion, said State Bank of Pakistan (SBP). SBP's weekly statement here on Thursday said that the foreign reserves held by State Bank on October 10, amounted to $ 8.88201 billion and the net foreign reserves held by other banks figured $ 4.55308 billion. During the week ending Oct. 10, SBP's liquid foreign reserves increased by $ 25 million to $ 8,882.1 million compared ...
SBP may outright purchase or sale of Ijara Sukuk (GIS) as part of open market operations ISLAMABAD: The State Bank of Pakistan (SBP) has decided that it may outright purchase or sale Government of Pakistan Ijara Sukuk (GIS) either on deferred payment basis (Bai-Muajjal) or on ready payment basis through Open Market Operations (OMOs) based on multiple price competitive bidding auction process.This initiative has been taken by the Central bank in order to facilitate Islamic Banking industry in their liquidity management and more effective transmission of monetary policy, a statement of ...
Overseas Pakistanis remit $4.69bn in 3 months KARACHI: Overseas Pakistanis remitted an amount of $ 4694.69 million in first three months of current fiscal year (FY15) ; showing an impressive growth of 19.52 percent compared to $ 3927.94 million received during the same period of the last fiscal year (FY14), says State Bank of Pakistan.SBP statement here Wednesday said, the inflow of remittances during September 2014 from Saudi Arabia, United Arab Emirates (UAE), United States of America, United Kingdom, GCC countries (including ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln