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EOBI to provide monetary benefits for 385,332 beneficiaries in 2014-15 ISLAMABAD: Employees' Old-Age Benefits Institute (EOBI) would provide monetary benefits to about 385,332 its eligible insured persons and their survivors during current financial year (2014-15).An official of EOBI told APP here on Thursday that EOBI will disburse Rs16.790 billion among its eligible insured persons and their survivors fulfilling the prescribed conditions regarding qualifying age and payment of contribution.He said that these benefits have proved to be a major factor in combating poverty adding that scheme may be used as a major poverty alleviation vehicle if its coverage is enhanced to total working population, he added.He said that during July-March 2013-14, EOBI disbursed Rs10.98 billion to some 330,645 beneficiaries in terms of different benefits.The Institute is providing different benefits to its beneficiaries like old-age pension, survivor's pension, invalidity pension and old age grants for their economic stability, he added.He further informed that EOBI will disburse Rs10.571 billion in its 238,667 beneficiaries ...

SBP sells Rs 190,271.392 GoP market treasury bills KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 190,271.392 million for selling Government of Pakistan Market Treasury Bills with different maturity dates. The face value of these bids was Rs 195,728.510 million.The bids sold through primary dealers were of 3-months, 6-months and 12-months tenure, said SBP release. Copyright APP (Associated Press of Pakistan), 2014 ...
Out of order ATMs create problems for customers ISLAMABAD: Automated Teller Machines (ATMs) have become a problem mainly for the salaried class due to faulty Machines, particularly during the first week of every month when usually salaried class drew money for domestic consumption.Most of the time the ATMs remain out of order or their link down and the situation was no more different during this weekend when majority of ATMs were either out of order or were not functioning properly.If fortunately, there happens ...
SBP reminds public to exchange decimal coins ISLAMABAD: Sate 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.According to a statement of Central Bank for awareness of the general public, SBP has advised the Commercial/Microfinance Banks to display posters/banners at their branches for exchange of decimal coins.It may be recalled that the federal government ...
Compliance of SBP rules, regulations, correspondence with SBP KARACHI: State Bank of Pakistan (SBP) has asked its dealers to bring foreign exchange regulations to the notice of their customers and to ensure compliance in their day to day operations.SBP, through a circular on Tuesday, has invited the attention of the authorised dealers to the instructions contained in Paras 5 and 6 of Chapter I and Para 4 of Chapter II of the F.E. Manual (Eighth Edition-2002).The authorised dealers are also required to refer ...
PTI MPAs pay millions of rupees income tax on their salaries PESHAWAR: Contrary to the civil disobedience call of their party leader, the Pakistan Tehreek-e-Insaaf legislators in the Khyber Pakthunkhwa Assembly paid income tax as no written submission was made to the Accountant General office against deductions from their monthly salaries.Rs3000 were deducted from the August salary of each MPA as neither any minister nor legislator belonging to PTI had filed written application to the AG Office against deductions of the Income Tax, official sources confided.Only ...
Rs200 bonds draw on Sep 15 FAISALABAD: The 59th balloting of Rs.200 prize bonds will be held here on September 15.According National Savings spokesman, first prize is worth Rs. 7.5 lakh, whereas 5 prizes worth Rs2.5 lakh each are the second prize. Likewise, third prize worth Rs.1250/- will be given to 2394 winners. Copyright APP (Associated Press of Pakistan), 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln