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Rs13bn pension fund managed despite all hurdles: EOBI ISLAMABAD: Employees Old Age Benefits Institution (EOBI) has managed to receive pension fund of over Rs 13 billion from registered employers which is 20 per cent more as compared to previous year.Chairman, EOBl, Ayub Shaikh on Friday informed a meeting that 5,000 new employers and their employees were brought in to pension net.The meeting, chaired by Minister for Overseas Pakistanis and Human Resource Development, Pir Syed Sadaruddin Shah Rashidi was held to review annual performance of EOBl.He lauded efforts of Pir Syed Sadaruddin and said new management did all for introducing reforms and maintaining hegemony of merit as results are very encouraging.Assets of the organization have risen to Rs 31 billion, and managerial expenditures have been brought down to 37 per cent as compared to past year.The Chairman also gave indication of a new system in place for old people that would mitigate their sufferings and they will not have ...

FBR establishes over 200 Tax Facilitation centers for filing returns ISLAMABAD: The Federal Board of Revenue (FBR) has established more than 200 tax facilitation Kiosks and centers to facilitate the taxpayers for filing the returns of income for the tax year 2014.The centers have been established throughout the country on places like important business centers, shopping malls, offices of Traders' Associations/Chambers of Commerce and Industry, National and Provincial Assembly buildings, said a press release issued here by the FBR on Friday.The centers have also been ...
Pak forex figure $ 13.52502bn KARACHI: The total liquid foreign reserves of the country figure dollars 13.52502 billion, said State Bank of Pakistan. According to SBP's weekly statement on Thursday, the foreign reserves held by State Bank on September 12, amounted to dollars 8.79505 billion and the net foreign reserves held by banks were dollars 4.72907 billion.During the week ending Sept 12, SBP's liquid foreign reserves increased by $ 103 million to $ 8.796 billion compared to $ 8.693 billion ...
Currency note bearing any slogan, ceases to be legal tender SBP ISLAMABAD: The State Bank of Pakistan wishes has clarified in the interest of general public and banks that any note which bears written, stamped, embossed or inscribed any slogan/statement or messages of political, religious or commercial nature ceases to be legal tender and looses its exchange value."Any such act will result into the financial loss to the holder of such notes", says a statement issued by the SBP .The Central Bank reminded the general public ...
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 and 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.It may be recalled that the federal government has ...
15pc increase in BOK's half year profit after tax PESHAWAR: The Bank of Khyber (BOK) has shown remarkable results for the half year ended June 30, 2014, said a spokesman for the bank here Saturday. The Bank managed to post a pre-tax profit of Rs. 969 million against Rs. 823 million of the corresponding period of 2013 showing an increase of 18%. Profit After Tax (PAT) stood at Rs. 634 million thus showing an increase of 15% over the corresponding period. The deposits grow ...
Country's total liquid foreign reserves stand at 13,414.8 million KARACHI: The total liquid foreign reserves held by the country stood at US$ 13,414.8 million on Septemeber 05, said a State Bank of Pakistan press release issued on Thursday.As per breakup of the foreign exchange position the reserves held by State Bank of Pakistan were said to be US$ 8,693.4 million whereas the net reserves held by other banks were US$ 4,721.4 million bringing the total to US$ 13,414.8 million.During the week ending on September ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln