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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 Sulemanki headwork and Rs0.648 million for Sidhnai headwork.Copyright APP (Associated Press of Pakistan), 2014 ...

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 ...
SBP reminds public to exchange of decimal Coins of Paisa 1,2,5,10,25 and 50 ISLAMABAD: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial/microfinance banks branches by last working day of September 30,2014.For awareness of general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at visible places of their branches for exchange of decimal coins.It may be recalled that the federal government has already notified that ...
Pak-US strategic dialogue must focus on trade: President ICCI ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Shaban Khalid on Saturday said that Pakistan-US strategic dialogue must focus on bilateral trade and getting access to the US market to attract the investment.Talking to APP, President ICCI said, "Pakistan could exploit its geo-strategic position by providing trade routes for regional and global trade that would help make Pakistan a trade hub," he added.He said the relations with world economic powers should be maintained on ...
Overseas Pakistanis send $ 55.01 billion in last five years ISLAMABAD: The overseas Pakistan had sent US $ 55.01 billion from the financial year 2008-09 to 2012-13, said Ministry of Overseas Pakistanis and Human Resource Development.According to the ministry's document, the remittances had shown a growth ratio of 5.56 percent during the financial year 2012-13 as compared with 2011-12.The remittances during July 2012 to June 2013 were US $ 13,920.26 million as compared to US $ 13,186.62 million remitted during the fiscal year 2011-12.Giving breakup ...


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