05262016Thu
Last update: Thu, 26 May 2016 09pm

Banking & Finance

Pakistan - Banking & Finance

SBP injects Rs1,465bn KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 1,465 billion into financial system for seven days during its open market operation (OMO).The rate of return accepted is 6.03 percent, said SBP statement. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

BoK earns Rs605mn profit after tax in 1st Quarter 2016 PESHAWAR: The Bank of Khyber (BoK) earned Rs. 605 million profit after tax (PAT) its first quarter ended 31st March 2016, showing 96pc growth over corresponding period of 2015. This was informed in the 138th meeting of the Board of Directors (BoD) of BoK held in Islamabad. The meeting was chaired by Muhammad Azam Khan, Additional Chief Secretary, Government of Khyber Pakhtunkhwa & Chairman BoK Board of Directors. The meeting was attended by Shams-ul-Qayyum, Managing ...

Pakistan - Banking & Finance

National Savings collected Rs192bn by March ISLAMABAD: The Central Directorate of National Savings (CDNS) collected Rs 192 billion against the proportionate target of Rs.228 billion by March 31, during the current fiscal year (2015-16), a CDNS official said on Friday.The official said that the estimated target of the national savings for the year 2015-16 had been set at Rs 304 billion.Likewise, he said during the first quarter of the current fiscal year,the CDNC collected Rs 82 billion against the proportionate target ...

Pakistan - Banking & Finance

Pak forex figure $ 20.7710bn KARACHI: The total liquid foreign reserves of the country stood at $ 20.7710 billion, said State Bank of Pakistan Thursday.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on April 15, amounted $ 16,027.2 million and the net foreign reserves held by other banks were $ 4,752.6 million.During the week ending April 15, SBP's liquid foreign exchange reserves decreased by $ 14 million to $16,027 million, compared to $16,041 ...

Pakistan - Banking & Finance

SBP auctions Rs 135.958bn PIBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds (PIBs) worth Rs 135.958 billion.The maturity period of 3,5,10 and 20 years. Their coupon rates are 7 percent, 7.75 percent, 8.75 percent and 10.75 percent, said SBP statement.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

OP send US $ 83792mn foreign exchange from July 2010 till date ISLAMABAD: Pakistan has received valuable foreign exchange of US $ 83792.11 million from Overseas Pakistanis (OP) during the last five fiscal years and the three quarters of the current year.The year wise break up of this huge amount reveals that US $ 11200.90 million were received in the fiscal year 2010-11, US $ 13186.58 million in 2011-12, US $ 13920.16 million in 2012-13, US $ 15,832.25 million in 2013-14, US $ 18454.04 million 2014-15 and ...

Pakistan - Banking & Finance

Rs2389mn out of total FATA budget utilized ISLAMABAD: Senate Standing Committee on States and Frontier Regions (SAFRON) was informed on Tuesday that Rs 2389.367 millions out of the total budget of FATA has been utilized till Nov, 2015.The senate body met here under the chairmanship of Senator Hilal ur Rehman.The officials of Ministry of SAFRON apprised the body that the total budget of current year of 2015-16 for the FATA was Rs 19,700 million.They said Rs 7450 millions have been released till ...