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Banking & Finance


SBP auctions PIBs of Rs 152.5920991bn KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds for 3, 5,10 and 20 years maturity with total realised amount of Rs 152.5920991 billion which includes the accrued interest of Rs 2,713.904 million.The face value of these PIBs is Rs 156,951.400 million, said a SBP statement here.The coupon rates are 11.25 %, 11.50 %, 12.00 % and 13.00% for 3, 5, 10 and 20 years maturity bonds respectively.The settlement date is September 11, 2014.Copyright APP (Associated Press of Pakistan), 2014 ...

SBP injects Rs70,900mn into market KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 70,900 million into the market for seven days during its open market operation (OMO).The bids offered were of Rs 75,900 million. The rate of return is 9.96 percent, said SBP statement here on Friday. Copyright APP (Associated Press of Pakistan), 2014 ...
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 ...
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 ...


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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