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Finance Minister decides to appoint another Deputy Governor in SBP ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar has decided to appoint another Deputy Governor in the State Bank of Pakistan (SBP) to look after Islamic Banking as well as the banking sector in the country.The spokesman of the Ministry of Finance in a statement here Wednesday said the new Deputy Governor will, in addition to his own duties, oversee promotion of Islamic Banking in the country.This decision has been taken to promote Islamic Banking in the country as well as further strengthen the SBP in carrying out its regulatory duties.Copyright APP (Associated Press of Pakistan), 2014 ...

Banks to remain close on Tuesday ISLAMABAD: The State Bank of Pakistan, SBP BSC and all banks will remain closed on Tuesday (Jan 14) on the occasion of Eid Milad-un-Nabi (PBUH), said a statement issued by the Bank Monday.Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 8.04903bn KARACHI: The total liquid foreign reserves of the country stand at dollars $ 8.04903 billion , said State Bank of Pakistan (SBP).According to SBP weekly statement here on Thursday , the foreign reserves held by State Bank amounted $ 3.245 billion and the net foreign reserves held by banks other than SBP figured $ 4.80403 billion.During the week ending Jan 3, 2014, SBP's liquid foreign exchange reserves decreased by $ 412 million to $ 3,245 ...
SBP accepts bids of Rs 83,154.113mn for MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 83,154.113 million to sell 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills through its Primary Dealers.The face value of the accepted bids amounted Rs 85,604 million, said a SBP release here. The bids offered were of Rs 102,478.863 million ; with the face of Rs 106,104 million.Copyright APP (Associated Press of Pakistan), 2014 ...
Code of conduct for treasuries of Banks, DFIs, PDs KARACHI: The State Bank of Pakistan on Tuesday issued 'code of conduct ' for the treasuries of Banks, Development Financial Institutions (DFIs) and PDs. All Banks , DFIs and PDs have been advised to implement this code of conduct in their treasuries and ensure its meticulous compliance which will also be checked by the SBP inspection teams during on-site inspections, said a release here on Tuesday.The size of Pakistan's interbank market, its diversity and complexity ...
SBP exempts Govt housing schemes from 10pc exposure limit KARACHI: State Bank of Pakistan (SBP) has exempted the government housing schemes and initiatives from the exposure limit of 10 percent on real estate sector.In a circular addressed to Chiefs of all banks and Development Financial Institutes (DFIs) here on Monday , the Central Bank clarified that with a view to promote the low cost housing for low income segment of population of the country, the limit of 10 percent notified through a circular of ...
Draw for Rs15000 prize bonds held KARACHI: 57th draw of Rs15000 denomination was held here on Thursday last (Jan.02). The first prize of Rs30,000,000 was won by Prize bond No.457470 and second prize of Rs10,000,000 was won by three bonds No 069106, 366848 and 517990.This was announced in a press release of the State Bank of Pakistan on Friday.Copyright APP (Associated Press of Pakistan), 2014 ...


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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