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SBP to announce monetary policy on July 19 ISLAMABAD: The State Bank of Pakistan issued a notification on Thursday that it will announce its monetary policy on July 19, a week later than previously announced.According to the notification, the SBP bank official said that Governor SBP will announce the monetary policy through a press conference in Karachi.Earlier, the State Bank had announced that the governor will hold a press conference in Lahore on July 12 to unveil the monetary policy.The central bank did not give any reason for change in plans.Copyright APP (Associated Press of Pakistan), 2014 ...

Workers' remittances rise by 13.72pc to $15.83bn in FY14 KARACHI: Overseas Pakistani workers remitted an amount of dollars 15,832.25 million during the last fiscal year ; showing growth of 13.72 percent compared with $ 13,921.66 million received the financial year 2012-13. The inflow of remittances, over last fiscal year, from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $4,729.38 million, $3,109.43 million, $2,464.14 million, $2,180.14 million, $1,860.03 million and $431.79 million respectively as compared ...
Liquid forex stand at $13,990.1 million: SBP KARACHI: The total liquid foreign reserves held by the country stood at $13,990.1 million on June, 27, 2014.According to the break-up of the foreign reserves position, foreign reserves with State Bank of Pakistan stood at $9,033.2 million and net foreign reserves held by bank were $ 4,956.9 millions, a State Bank press release here Thursday said. During the week ending June 27, 2014, SBP's Liquid FX Reserves had decreased by $ 157 million to $9,033 ...
SBP mops up Rs 94,200mn in repo sale KARACHI: State Bank of Pakistan (SBP) on Wednesday mopped up Rs 94,200 million under repo sale during its open market operation in Government of Pakistan market treasury bills.The bids received for two-day and eight-day repo sale amounted Rs 98,200 million.The rate of return per annum is 9.14 percent and 9.15 percent respectively, said an SBP press release. Copyright APP (Associated Press of Pakistan), 2014 ...
SBP mops up Rs94,200mn in repo sale KARACHI: State Bank of Pakistan (SBP) on Wednesday mopped up Rs94,200 million under repo sale during its open market operation in Government of Pakistan market treasury bills.The bids received for two-day and eight-day repo sale amounted Rs98,200 million. The rate of return per annum is 9.14 percent and 9.15 percent respectively, said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...
Excise dept to enforce new property tax survey from Aug 1 MULTAN: The excise and taxation department will enforce the new property tax survey from Aug 1, instead of July due to some changes including reduction in the tax rate from 25 to 5 per cent and penalties on giving incorrect property rent details.Director Excise and Taxation Multan Jam Muhammad Saraj told APP that the tax rate had been reduced to encourage people to bring on record the rent of their properties. He said that the ...
Rs15000 prize bond's balloting on Wednesday FAISALABAD: 59th balloting of prize bond worth Rs15000 will be held at Multan on Wednesday (July 2).According to a spokesman of the National Savings, the first position holder will get a prize of Rs30 million while three prize of Rs10 million each have been reserved for second position holders.Copyright APP (Associated Press of Pakistan), 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln