Just in:  

You are here: Home»Pakistan»Banking & Finance

Banking & Finance


SBP issued fresh currency notes of Rs 154bn in Ramazan KARACHI: State Bank of Pakistan issued fresh currency notes of Rs 154 billion during the month of Ramazan to cater to the high demand from general public for fresh currency notes on the occasion of Eid-ul-Fitr. A statement issued by State Bank here on Monday said that SBP's Banking Services Corporation (BSC) fully utilized the extensive network of commercial bank branches across the country and issued fresh notes to all commercial banks in good numbers.In addition to this, the SBP BSC also established its own counters in 150 designated branches of commercial banks from which, fresh currency notes to general public were issued. These branches were selected from all across Pakistan ensuring maximum geographical coverage and population.Moreover, keeping in view the higher demand of fresh banknotes on this occasion and to further facilitate the public in having fresh notes, all 16 field offices of the bank also issued fresh notes ...

SBP injects Rs 18,600mn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 18,600 million for four days into market during its open market operation.The bids offered for this injection amounted Rs 21,600 million. The rate of return is 9.93 percent, said SBP release. Copyright APP (Associated Press of Pakistan), 2014 ...
Banks to ensure ATM services availability during Eid holidays ISLAMABAD: As per the instructions of the State Bank of Pakistan (SBP) all the banks across the country would ensure Auto Teller Machine (ATM) services availability during Eid holidays.The SBP through a special order has directed banks to take necessary measures in order to ensure maximum availability of ATM services and avoid public inconvenience during Eid holidays.In a circular letter, banks were instructed to ensure round-the-clock availability, consistent monitoring of ATMs and mobilize maximum resources ...
Meezan Bank profit after tax grows by 17pc, declares interim cash dividend of 15pc KARACHI: Meezan Bank Ltd has recorded 17% growth in its profit-after-tax which increased to Rs 2.254 billion compared to Rs 1.933 billion earned in the corresponding half year of 2013.The earnings per share of the bank increased to Rs. 2.25 (June 2013: Rs. 1.93), a news release said here on Monday.As a result of the bank's strong profitability, the Board of Directors approved an interim cash dividend of Rs 1.50 per share (i.e 15%).The Board ...
President asks Tax Ombudsman to ensure speedy justice to taxpayers ISLAMABAD: President Mamnoon Hussain Friday urged the Federal Tax Ombudsman to take vigorous steps and innovative approaches to ensure inexpensive and speedy justice to the taxpayers.Talking to Abdur Rauf Chaudhry, Federal Tax Ombudsman (FTO) here at the Aiwan-e-Sadr the President said the institution of FTO was an important government organization mandated to redress the complaints of maladministration and rectify injustice done to the tax payers by the tax authorities.Abdur Rauf Chaudhry presented to the President ...
Pakistan's liquid foreign reserves reach $14.45 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$14,450.2 million on July 18, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 9,398.8 million while the net foreign reserves held by banks were US$ 5,051.4 million on July 18.During the week ending July 18,2014, SBP's Liquid FX Reserves decreased ...
Fresh notes of Rs.87bn issued to banks for public distribution: SBP KARACHI: State Bank of Pakistan (SBP) has issued fresh notes worth Rs.87 billion to commercial banks for distribution to the general public and their clients upto July 22. SBP has been issuing fresh currency notes to facilitate general public during the month of Ramadan through counters of field offices of SBP BSC and it would continue till the last working day of Ramadan, said a press release issued here on Wednesday.Under the arrangements, each member ...


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08

where to buy

cheap wedding dresses

online -

Buy cheap Nike Mercurials cleats at
cheap wedding dresses on - Best Online Wedding Store

Banking Review 2013

Buy new style hair wigs at cheap price on

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln