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Currency note bearing any slogan, ceases to be legal tender SBP ISLAMABAD: The State Bank of Pakistan wishes has clarified in the interest of general public and banks that any note which bears written, stamped, embossed or inscribed any slogan/statement or messages of political, religious or commercial nature ceases to be legal tender and looses its exchange value."Any such act will result into the financial loss to the holder of such notes", says a statement issued by the SBP .The Central Bank reminded the general public that banknote is critical for sovereignty of our country and it is our responsibility to handle and use the same with due care.Copyright APP (Associated Press of Pakistan), 2014 ...

SBP reminds public to exchange of decimal Coins of Paisa 1,2,5,10,25 & 50 ISLAMABAD: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 and 50 from the field offices of SBP BSC and commercial / microfinance banks branches by last working day of September 30, 2014For 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 ...
15pc increase in BOK's half year profit after tax PESHAWAR: The Bank of Khyber (BOK) has shown remarkable results for the half year ended June 30, 2014, said a spokesman for the bank here Saturday. The Bank managed to post a pre-tax profit of Rs. 969 million against Rs. 823 million of the corresponding period of 2013 showing an increase of 18%. Profit After Tax (PAT) stood at Rs. 634 million thus showing an increase of 15% over the corresponding period. The deposits grow ...
Country's total liquid foreign reserves stand at 13,414.8 million KARACHI: The total liquid foreign reserves held by the country stood at US$ 13,414.8 million on Septemeber 05, said a State Bank of Pakistan press release issued on Thursday.As per breakup of the foreign exchange position the reserves held by State Bank of Pakistan were said to be US$ 8,693.4 million whereas the net reserves held by other banks were US$ 4,721.4 million bringing the total to US$ 13,414.8 million.During the week ending on September ...
SBP auctions PIBs of Rs 152.5920991bn KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds for 3, 5,10 and 20 years maturity with total realised amount of Rs 152.5920991 billion which includes the accrued interest of Rs 2,713.904 million.The face value of these PIBs is Rs 156,951.400 million, said a SBP statement here.The coupon rates are 11.25 %, 11.50 %, 12.00 % and 13.00% for 3, 5, 10 and 20 years maturity bonds respectively.The settlement date is September ...
SBP injects Rs70,900mn into market KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 70,900 million into the market for seven days during its open market operation (OMO).The bids offered were of Rs 75,900 million. The rate of return is 9.96 percent, said SBP statement here on Friday. Copyright APP (Associated Press of Pakistan), 2014 ...
EOBI to provide monetary benefits for 385,332 beneficiaries in 2014-15 ISLAMABAD: Employees' Old-Age Benefits Institute (EOBI) would provide monetary benefits to about 385,332 its eligible insured persons and their survivors during current financial year (2014-15).An official of EOBI told APP here on Thursday that EOBI will disburse Rs16.790 billion among its eligible insured persons and their survivors fulfilling the prescribed conditions regarding qualifying age and payment of contribution.He said that these benefits have proved to be a major factor in combating poverty adding that scheme ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln