05062016Fri
Last update: Fri, 06 May 2016 10am

Banking & Finance

Pakistan - Banking & Finance

SBP injects Rs1,001bn into market KARACHI: State Bank of Pakistan on Thursday injected Rs. 1,001 billion into money market for 8 days through its Open Market Operation.The rate of return accepted is 6.09 percent par annum, said SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Some of macroeconomic indicators improve: SBP KARACHI: Improvements in some of the macroeconomic indicators are reflected on subdued CPI inflation, adequate foreign exchange buffers, stable exchange rate, low current account deficit despite a sharp decline in exports, and an improved fiscal position.This stability was the key reason behind SBP's decision to cut policy rates in September 2015 to historically low level, said State Bank of Pakistan (SBP) in its Second Quarterly Report for fiscal year 2015-16 on the state of Pakistan's ...

Pakistan - Banking & Finance

Pak forex figure $ 20.424bn KARACHI: Total liquid foreign exchange reserves of the country stand at $ 20.424 billion, said State Bank of Pakistan (SBP).The SBP's weekly statement here on Thursday said that the foreign reserves held by State Bank on March 25, amounted $ 15,588 million and the net foreign reserves held by other banks figured $ 4,835.6 million.During the week, SBP's liquid foreign exchange reserves decreased by $ 42 million to $ 15,588 million, compared to $15,630 million ...

Pakistan - Banking & Finance

51pc growth in NBP profit KARACHI: National Bank of Pakistan's (NBP) pre-tax profit increased by 51pc for 2015 at Rs. 33.2 billion against Rs. 22 billion of 2014.This was disclosed to NBP shareholders during 67th annual general meeting of the bank held here on Wednesday. Chairman, Pakistan Stock Exchange Muneer Kamal and President Syed Iqbal Ashraf also attended the meeting, said a statement here.This is a complete turnaround from year 2013 and is higher by 368pc than that of 2013. ...

Pakistan - Banking & Finance

SBP injects Rs 49bn into market KARACHI: State Bank of Pakistan (SBP) on Tuesday injected Rs 49 billion into money market for two days through its open market operation (OMO).The rate of return accepted is 6.01 percent per annum, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Pak Post earned Rs441.707mn through remittance services during 2014-15 ISLAMABAD: Pakistan Post Office has earned an amount of Rs 441.707 million through its remittance services for citizens during fiscal year 2014-15.The department collected Rs 324.984 million through issuance of inland money orders, Rs 27.58 million by selling Pakistan Postal orders, Rs 26.59 million through urgent money orders/fax money orders, Rs 3.731 million by electronic money orders and Rs 58.822 million through western union.Pakistan Post Office provides fast facilities for remittances of money to cater ...

Pakistan - Banking & Finance

Pakistan's Liquid Foreign Reserves rise to over US $20.521 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$20,521.5 million on March 18, 2016.Giving the break-up of the foreign reserves position, a statement of the State Bank of Pakistan (SBP) said that Foreign reserves held by the State Bank of Pakistan stood at US$ 15,630.4 million while net foreign reserves held by banks were US$ 4,891.1 million.The SBP said that during the week ending March 18,2016, SBP's Liquid FX Reserves decreased ...