Just in:  

You are here: Home»Pakistan»Banking & Finance

Banking & Finance


Agricultural credit disbursement surges to Rs 368.7bn in first 10-month of FY15 ISLAMABAD: During the first ten months of current fiscal year (July 2014 - April 2015), banks disbursed Rs 368.7 billion which is 73.7% of the overall annual target of Rs 500 billion and 28% higher than disbursement of Rs 288.4 billion made during the corresponding period last year.The outstanding portfolio of agricultural loans has also surged by Rs 35.6 billion or 12.7% i.e. from Rs 280.7 billion to Rs 316.3 billion at end April 2015 as compared to same period last year, says a statement of the Central Bank issued Wednesday.Five major banks as a group disbursed Rs 186.9 billion or 74% of their annual target and two specialized banks (ZTBL & PPCBL) disbursed Rs 71.2 billion or 70.1% of their annual targets of Rs 101.5 billion.Fifteen domestic private banks collectively disbursed Rs 81.8 billion or 70.8% against their target of Rs 115.6 billion. Eight microfinance banks disbursed Rs 24.2 ...

SBP injects Rs543.950bn KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 543.950 billion into market for seven days through its open market operation.The rate of return accepted is 7.49 percent per annum, said an SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
Draw for Rs 1500 bonds held at SBP Multan MULTAN: The draw for Rs 1500 denomination prize bonds was held at the auditorium of State Bank of Pakistan (SBP) here Friday. First prize worth Rs 3 million went to prize bond number '512421', second prize worth Rs 1 million went to three prize bond numbers each including '367872', '727729' and '735235' while Rs 18,500 prizes went to another 1696 prize bonds each, media coordinator for Central Directorate of National Savings (CDNS) Multan Syed Muhammad ...
Workers' remittances rise by 16pc to $15bn in 10 months KARACHI: Overseas Pakistani workers' remitted dollars 14.969066 billion in first ten months (July to April) of 2014-15; showing a significant growth of 16.06 percent.Dollars 12.897091 billion were received during the same period of the preceding fiscal year, said State Bank of Pakistan's (SBP) statement here on Monday.During April 2015, the inflow of workers' remittances amounted to $1.640058 billion, which is 4.0% higher than March 2015 and 25.06% higher than April 2014.The country-wise details for the ...
CDNS mobilizes Rs.273bn savings during 10 months ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs.273 billion savings during current fiscal year from July 1st, 2014 to April 30,2015 against the target of Rs 284 billion.An official of CDNS giving breakups of nine months of the year 2014-15regarding achievements of the Central Directorate of National Savings told APP here on Monday that "People have shown confidence in National Saving, when deceptive methods and risk factors are involved in different areas ...
Depositors of former KASB Bank start transactions with Bank Islami KARACHI: State Bank of Pakistan informed that the amalgamation of the defunct KASB Bank into Bank Islami Pakistan Ltd has been implemented smoothly.As a result all the depositors which are over 150000 in number and have Rs 57 billion in deposits are free to operate their accounts.Many of them have already started operating their accounts and more than 1200 employees have continued their jobs, a statement of SBP said here on Sunday.All the branches of ...
Foreign reserves stand at $ 17,690.1 million KARACHI: The total liquid foreign reserves held by the country stood at $17,690.1 million on May 1, 2015, a statement issued by State Bank of Pakistan (SBP) said here on Thursday.The break-up of the foreign reserves position is as under: 1) Foreign reserves held by the SBP: $12,517.3 million 2) Net foreign reserves held by banks: $5,172.8 million 3 Total liquid foreign reserves: $17,690.1 millionDuring the week, SBP's Liquid FX Reserves decreased by $48 million ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln