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Agri credit disbursement surges to Rs 439.8bn in 11 months KARACHI: During current fiscal year (July-May 2015) the banks have disbursed Rs 439.8 billion which is 88% of the overall annual target of Rs 500 billion. This is 31.4% higher than disbursement of Rs 334.7 billion made during the corresponding period last year, said a SBP statement issued on Monday.The outstanding portfolio of agriculture loans has also surged by Rs 43 billion or 15.5% i.e. from Rs 277.1 billion to Rs 320.1 billion at end May 2015 as compared to same period last year. The performance of five major banks as a group remained satisfactory as they have disbursed Rs 229.3 billion or 90.8% of their annual target and two specialized banks (ZTBL and PPCBL) disbursed Rs 86.8 billion or 85.4% of their annual targets of Rs 101.5 billion. Fifteen domestic private banks collectively disbursed Rs 91.2 billion or 78.9% against their target of Rs 115.6 billion. Eight microfinance banks ...

NBP launches Islamic banking system in Khyber Agency PESHAWAR: The National Bank of Pakistan (NBP) has formally launched Islamic banking system at tehsil Jamrud of Khyber Agency.In this connection, a function was held at NBP Jamrud branch that was attended besides others by Member National Assembly Shahgee Gul Afridi and Assistant Political Agent Jamrud Fahad Wazir.On this occasion, the NBP Manager appraised the audience about aims and objectives of the Islamic banking system. He said interest free banking facilities was now available for ...
Zarai Taraqiati Bank Limited gets AAA/A1+ ISLAMABAD: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited as AAA/A-1+ (Triple A/A One Plus), besides the safety of deposits mobilized by the Bank is explicitly guaranteed under the Bank's (Nationalization) Act, 1974.The assigned rating reflected the systematic importance of Zarai Taraqiati Bank limited (ZTBL) to the Agriculture economy of Pakistan, says a statement issued by the bank here today.Timely availability of agriculture credit continues to remain an ...
NBP ensures superlative ATM services for its customers during Ramzan & Eid holidays ISLAMABAD: The National Bank of Pakistan (NBP), being the nation's bank has taken special measures to ensure superlative Auto Teller Machine (ATM) services to facilitate its valued customers twenty four hours in seven days (24/7) during the holy month of Ramzan & Eid holidays acoss the country, a senior offical of the bank said."The NBP takes immense pride in being the Nation's Bank, keeping in view our responsibility to the nation, we are fully committed ...
JCR maintains entity of NBP Leasing KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of the NBP Leasing Limited (NBPL) at `A+/A-1' (single A plus /A-One).The previous rating action was announced on June 24,2014, said press release here on Thursday. NBPL is a wholly owned subsidiary of National Bank of Pakistan (NBP). The ratings of NBPL derive strength from its association with NBP, which is one of the largest commercial banks operating in the country.Access to capital ...
SBP injects Rs20.95bn into market KARACHI: State Bank of Pakistan (SBP) here on Thursday injected Rs 20.95 billion into financial market for four days through its open market operation (OMO).The rate of return accepted is 6.5 per cent per annum, SBP statement said.Copyright APP (Associated Press of Pakistan), 2015 ...
Demonetization of all old design banknotes KARACHI: Old design banknotes of Rs 10, Rs 50, Rs 100 and Rs 1000 will cease to be legal tender from December 1, 2016.However, SBP-BSC field offices will continue to accept the old design banknotes of above mentioned dominations from general public up to Dec. 31, 2021, said a statement from State Bank of Pakistan (SBP) here Wednesday.The Rs 5 banknote and the old design Rs 500 banknote have already been demonetized, it said.SBP has ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln