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Workers' remittances rise over 10pc to $9bn in first seven months ISLAMABAD: Overseas Pakistani workers remitted an amount of $ 9033.41 million in the first seven months (July - January) of the current fiscal year 2013-14 (FY14), showing a growth of 10.08 percent when compared with $8206.34 million received during the same period of last fiscal year (July- January FY13).The inflow of remittances in July-January FY14 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $2596.86 million, $1785.84 million, $1441.42 million, $1309.31 million, $1048 million and $251.13 million respectively as compared with the inflow of $2292.02 million, $1669.36 million, $1324 million, $1155.35 million, $941.83 million and $217.89 million respectively in July-January FY13, says a statement issued by the State Bank of Pakistan on Tuesday.Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first seven months of current fiscal year amounted to $600.85 million as against $605.89 million ...

Pakistan pays 27th Installment under IMF/SBA facility: SBP ISLAMABAD: Pakistan on Tuesday successfully paid the 27th Installment under IMF/SBA facility amounting to SDR96 million equivalent US$ 147 million, a SBP Spokesperson said.In a statement issued on Tuesday the Spokesperson said that with repayment of current installment, Pakistan to-date has repaid to IMF SDRs4,289 million equivalent USD6,544 million since Jul-2011, of which SDRs3,715 million equivalent US$5,660 million was under SBA facility.He added that after the current repayment, remaining amount due under IMF-SBA facility until ...
Pak total forex figure $ 8.01704bn KARACHI: Total liquid foreign reserves of the country stand at dollars 8.01704 billion, said State Bank of Pakistan here.According to SBP's weekly statement issued on Thursday, the foreign reserves held by State Bank on January 31, 2014 amounted dollars 3,182.2 million.The net foreign reserves held by banks other than SBP were dollars 4,835.2 million. Copyright APP (Associated Press of Pakistan), 2014 ...
SBP enhances per acre limits for farmers' financing ISLAMABAD: With a view to align the cost of production of various farming activities with inflationary pressures and current market practices, the State Bank of Pakistan has revised the Report on Indicative Credit Limits & List of Eligible Items for Agri Financing.The production financing limits have been revised for major and minor crops, orchards and forestry, a statement of the Central Bank said .The SBP said that under major corps, financing limits per acre for ...
SBP extends expiry dates of Financing Facility for FFSAP and SMEs ISLAMABAD: The State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and "Refinance Facility for Modernization of SMEs" and these facilities would be available till further instructions in this regard.A circular of the Central Bank issued on Tuesday said that in this connection it is advised that State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and ...
Rs25,000 prize bond draw on Feb 3 FAISALABAD: The 8th balloting of Rs25,000 prize bonds will be held at Lahore on February 3.According to a spokesman for National Savings, first position holder will get a prize of Rs50 million while three prizes of Rs15 million each have been reserved for second position holders.Third prize of Rs312,000 will be awarded to each of 1,696 position holders, he added. Copyright APP (Associated Press of Pakistan), 2014 ...
Rs19mn for embankments reinforcement MULTAN: Punjab Government has issued funds amounting to Rs19.277 million for the maintenance and repair of embankments across the irrigation Multan zone during current fiscal year.According to Irrigation sources, the fund released in phases is meant to strengthen all the embankments to prevent flood induced losses.The break up of funds is as follows: Rs11.269 million for Shujabad division, Rs4.664 million for trimmu, Rs1.095 million for Islam headwork, Rs0.385 million for western Bar; Rs1.206 million for ...


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