02062016Sat
Last update: Sat, 06 Feb 2016 04pm

Banking & Finance

Pakistan - Banking & Finance

Govt released over Rs248.145bn for developmental projects ISLAMABAD: The government has released over Rs248.145 billion for different social sector developmental projects under Public Sector Development Programme (PSDP) 2015-16 as against the total allocation of Rs700 billion.According to latest data released by the Planning Commission of Pakistan, government has released Rs29.316 billion for infrastructure and development projects under National Highway Authority (NHA) as compared to the total allocation of Rs159 billion for FY 2015-16.Under PSDP Rs53.788 billion has been released for Water and Power Development Authority (WAPDA) and other power sector projects as against the total allocation of Rs112.288 billion for current fiscal year to overcome the shortage of energy in the country.Meanwhile, a sum of Rs11.774 billion has been released for Water and Power Division (WAPDA) water sector projects for building the mega water reservoirs as compared to total allocations of Rs30.120 billion in federal PSDP 2015-16.About Rs18.692 billion has been released for Higher Education Commission as ...

Pakistan - Banking & Finance

SBP will remain closed on Dec 24-25 KARACHI: State Bank of Pakistan (SBP) will remain closed on December 24 & 25 (Thursday & Friday) to celebrate Eid Milad-un-Nabi and Quaid-e-Azam Day/Christmas.This was announced by the spokesman of SBP here on Wednesday.Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

Rs36,218mn released for various power projects so far ISLAMABAD: The Planning Commission has released Rs 36,218.026 million against total allocation of Rs 112,318.285 million in annual Public Sector Development Programme (PSDP) 2015-16 for various power projects so far.According to the data of Planning Commission, as many as Rs.14,160 million was released for 1200 MW LNG Based Power Plant Baloki and Rs.21970 million for 1200 MW LNG Based Power Plant Haveli Bahadur Shah.Similarly, an amount of Rs 45.400 million was released for 33 KV ...

Pakistan - Banking & Finance

Branchless Banking: 99.5mn transactions valued Rs505.9bn recorded ISLAMABAD: The volume and value of Branchless Banking (BB) transactions have registered a sizeable increase as 99.5 million transactions were recorded during April-June 2015, which amounted to a total value of Rs. 505.9 billion.The volume and value of branchless transactions during the period showed 37 percent and 43 percent growth respectively, as compared to previous quarter during which 72.52 million transactions valuing 354.14 billion were recorded.According to latest market stats, this growth trend demonstrates the ...

Pakistan - Banking & Finance

SBP launches videos and smartphone application on Banknote Security Features KARACHI: State Bank of Pakistan (SBP) on Tuesday, as a part of its campaign ‘Rupay ko Pehchano’, launched Videos and Smartphone Application on security features of currency notes in a ceremony attended by high-rank officials of Law Enforcement Agencies (LEAs) and presidents and senior executives of commercial banks. The videos and Smartphone application are aimed at enhancing public awareness and understanding the currency notes' security features, thus enabling the public to easily differentiate between the ...

Pakistan - Banking & Finance

SBP launches videos and smartphone application on Banknote Security Features KARACHI: State Bank of Pakistan (SBP) on Tuesday, as a part of its campaign ‘Rupay ko Pehchano’, launched Videos and Smartphone Application on security features of currency notes in a ceremony attended by high-rank officials of Law Enforcement Agencies (LEAs) and presidents and senior executives of commercial banks.The videos and Smartphone application are aimed at enhancing public awareness and understanding the currency notes' security features, thus enabling the public to easily differentiate between the genuine ...

Pakistan - Banking & Finance

FBR realized Rs1209bn revenues till December 21 of current Fiscal ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs1209 billion revenues upto December 21,2015, of current fiscal year against the collections of Rs1030 billion taxes in the same period of last fiscal, showing an increase of 30 percent, a senior official of the board said.Member Strategic Planning Reforms and Statistics (SPR&S) and Spokesman of the FBR, Dr. Muhammad Iqbal told APP here Tuesday that the FBR had performed well in tax collection with over ...