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SBP injects Rs897.1bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected into market Rs 897.1 billion for seven days during its open market operation.SBP statement said the rate of return is 7.51 percent. The bids offered were of Rs904.1bn. Copyright APP (Associated Press of Pakistan), 2015 ...

Liquid foreign reserves reach US$16,818.4mn KARACHI: State Bank of Pakistan on Thursday announced that total liquid foreign reserves held by the country stood at US$16,818.4 million on 10 April 2015.The break-up of the foreign reserves position is as following: foreign reserves held by SBP stood US$11,758.7 million; net foreign reserves held by banks were US$5,059.7 million; and total liquid foreign reserves stood US$ 16,818.4 millionDuring the week ending 10 Apri l2015, SBP's Liquid FX Reserves increased by US$142 million to ...
Banking sector performance improves KARACHI: The operating performance of banks shows a marked improvement as the profit before tax has increased by 52 percent year-on-year to reach Rs 247 billion by the end of 2014.The quarterly performance review of the banking system for the quarter ending December 31, 2014 released by State Bank of Pakistan (SBP) here on Thursday said that this is reflected in the profitability indicators: net interest margin (NIM) has increased to 4.4 percent in December ...
147 properties sealed for non-payment of property tax; 60 token tax defaulters' vehicles impounded RAWALPINDI: Excise and Taxation Department has sealed 147 commercial and residential properties here during last two days for non-payment of property tax while 60 token tax defaulters' vehicles were also impounded.According to Excise and Taxation department spokesman, the city has been divided into four sectors and special squads comprising 23 inspectors under the supervision of Excise and Taxation Officer (ETO), are conducting raids and the properties of tax defaulters are being sealed. He said, on ...
SBP injects Rs 950bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 950 billion into market for seven days through its open market operation (injection).The rate of return accepted is 7.5 percent, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
Pak forex surge to $16.70603bn KARACHI: Total liquid foreign exchange reserves of the country increased to dollars 16.70603 billion during the week ending on April 3, said State Bank of Pakistan (SBP). SBP's weekly statement here Thursday said the foreign reserves held by State Bank were $11.61605 billion and the net foreign reserves with other banks amounted $ 5.08908 billion. During the week, SBP's liquid foreign exchange reserves increased by $494 million to $11.617 billion compared to $ 11.123 billion ...
Youth to get loans to become self-sufficient ISLAMABAD: National Bank of Pakistan (NBP) has received 59,794 applications for Prime Minister Youth Business Loans Scheme out of which 15,311 loans have been approved.According to an official source, an amount of Rs.3.914 billion has been disbursed, while 13,982 loans are under process.While the First Women Bank Limited (FWBL) has received 459 applications out of which 155 loans have been approved through which an amount of Rs.118.430 million has been disbursed and 95 loans are ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln