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Foreign remittances reach US$ 12.895bn in ten months ISLAMABAD: Foreign exchange remittances from Pakistani workers abroad have reached US $ 12.895 billion during first ten months of current fiscal year against US $ 11.57 billion in comparable period of 2012-13.The foreign exchange remittances from Pakistani workers abroad during financial year 2012-13 were US$ 13.922 billion.According to Ministry of Overseas Pakistanis & Human Resource Development here on Sunday, the government is considering a proposal to substantially boost foreign remittances and foreign exchange reserves as Gulf region is to be effectively tapped by exporting the maximum manpower.However, the government is expecting good opportunities of manpower export during the event of Expo 2020 in Dubai. Moreover, massive new construction plans in Saudi Arabia will also provide opportunities for Pakistani manpower which will decrease not only unemployment rate in the country but also boost up the remittances.The Ministry said the vision of government is to promote export of Pakistani manpower abroad, to ...

SBP mops up Rs 44,400mn in OMO KARACHI: State Bank of Pakistan on Monday mopped up Rs 44,400 million during its open market operation (OMO); with 9.15 percent rate of return. The bids offered for 3-days mop up amounted Rs 44,800 million, said SBP press release. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak liquid forex increases to $ 13.45609bn KARACHI: Total liquid foreign reserves held by the country increased to dollars 13.45609 billion, said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on June 6 amounted to dollars 8.61209 billion and the net foreign reserves held by other banks figured as dollars 4.844 billion.During the week, State Bank's liquid foreign exchange reserves decreased by $ 70 million to $ 8.613 million compared to $ ...
Microcredit outreach witnesses healthy 19pc growth ISLAMABAD: The microcredit outreach has reached 2.8 million borrowers during 2013 as compared to 2.3 million active borrowers last year, showing a healthy growth of 19 per cent.The growth rate, being highest in the last five years, was the result of better microfinance policies of the government.An official information issued by Ministry of Finance has revealed that the total Gross Loan Portfolio (GLP) also increased from Rs32 billion in 2012 to Rs52 billion in 2013, ...
EOBI disburses Rs10.985bn to 330,645 beneficiaries ISLAMABAD: Employees Old Age Benefits Institution (EOBI) has disbursed an amount of Rs10.985 billion to 330,645 beneficiaries during first three quarters of this year.The EOBI also plans to accommodate 15,744 more beneficiaries up to June this year as an additional amount of Rs4.876 billion is allocated for Old-Age Pension, Survivors Pension, Invalidity Pension and Old-Age Grants.Sources at EOBI on Thursday said the Constitution makes it obligatory for the state to provide social security by compulsory ...
SBP sells Rs 86,823.895mn MTBs KARACHI: State Bank of Pakistan on Wednesday sold Government of Pakistan Market Treasury Bills of Rs 86,823.895 million, having face value of Rs. 90.039.500 million, through its primary dealers. The total bids received for 3-months, 6-months and 12-months MTBs were of the same amount, said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...
Workers remittances rise by 12.37pc at $ 14.33bn in 11 months KARACHI: Overseas Pakistani workers remitted an amount of $ 14.332097 billion in the first eleven months (July- May) of the current fiscal year. This shows a growth of 12.37 percent when compared with $ 12.755037 billion received during the same period of FY13, said SBP press release here on Wednesday. The inflow of remittances in July - May FY14 from Saudi Arabia, UAE,USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman),and EU countries ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln