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SBP enhances per acre limits for farmers' financing ISLAMABAD: With a view to align the cost of production of various farming activities with inflationary pressures and current market practices, the State Bank of Pakistan has revised the Report on Indicative Credit Limits & List of Eligible Items for Agri Financing.The production financing limits have been revised for major and minor crops, orchards and forestry, a statement of the Central Bank said .The SBP said that under major corps, financing limits per acre for rice, wheat, cotton and sugarcane have been increased to Rs34,000, Rs29,000, Rs39,000 and Rs53,000 respectively from existing limits of Rs19,000, Rs16,000, Rs21,000 and Rs30,000 fixed in 2008.The report provides a yardstick for banks to assess the credit needs of different groups of farmers' vis-a-vis their activities.The Banks extensively use the Report for reporting financing statistics to SBP as per the list of eligible items. The provincial planning departments use the methodology of the Report to ...

SBP extends expiry dates of Financing Facility for FFSAP and SMEs ISLAMABAD: The State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and "Refinance Facility for Modernization of SMEs" and these facilities would be available till further instructions in this regard.A circular of the Central Bank issued on Tuesday said that in this connection it is advised that State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and ...
Rs25,000 prize bond draw on Feb 3 FAISALABAD: The 8th balloting of Rs25,000 prize bonds will be held at Lahore on February 3.According to a spokesman for National Savings, first position holder will get a prize of Rs50 million while three prizes of Rs15 million each have been reserved for second position holders.Third prize of Rs312,000 will be awarded to each of 1,696 position holders, he added. Copyright APP (Associated Press of Pakistan), 2014 ...
Rs19mn for embankments reinforcement MULTAN: Punjab Government has issued funds amounting to Rs19.277 million for the maintenance and repair of embankments across the irrigation Multan zone during current fiscal year.According to Irrigation sources, the fund released in phases is meant to strengthen all the embankments to prevent flood induced losses.The break up of funds is as follows: Rs11.269 million for Shujabad division, Rs4.664 million for trimmu, Rs1.095 million for Islam headwork, Rs0.385 million for western Bar; Rs1.206 million for ...
Pak forex shrink to $ 7.99309bn KARACHI: The total liquid foreign reserves of the country have decreased to dollars 7,99309 billion , said State Bank of Pakistan ( SBP).SBP's weekly statement here on Thursday said the foreign reserves held by the State Bank on January 24, 2014 amounted dollars 3.17606 billion and the net foreign reserves held by banks other than SBP figured dollars 4.81703 billion.During the week ending on the above date, SBP's liquid foreign reserves decreased by dollars 145 ...
SBP reminds public to exchange of decimal coins KARACHI: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of paisa 1,2,5,10,25 and 50 till September 30, 2014.These can be exchanged from the field offices of SBP's Banking Services Corporation (BSC) and Commercial / Microfinance banks' branches up to the above deadline, said a SBP statement here on Wednesday. For awareness of general public , SBP has advised the Commercial /Microfinance Banks to display posters or banners at ...
SBP revises prudential regulations for agriculture financing KARACHI: State Bank of Pakistan (SBP) has issued revised prudential regulations (PRs) for agriculture financing to enhance access of formal financing to the farming community and to bring regulatory framework for farmers' financing in line with the changing business environment.The revised instructions call upon banks to develop robust and market-oriented policies and practices to promote enhanced flow of credit to the agriculture sector without compromising financial stability and banks' risk management, said SBP statement here ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln