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Banking & Finance


Rs200 bonds draw on Sep 15 FAISALABAD: The 59th balloting of Rs.200 prize bonds will be held here on September 15.According National Savings spokesman, first prize is worth Rs. 7.5 lakh, whereas 5 prizes worth Rs2.5 lakh each are the second prize. Likewise, third prize worth Rs.1250/- will be given to 2394 winners. Copyright APP (Associated Press of Pakistan), 2014 ...

Draw of Rs40,000 prize bond on Monday FAISALABAD: The 59th draw of prize bonds worth Rs40,000 each will be held at Hyderabad on Monday (September 1).According to a spokesman of the National Savings, first position holder will be awarded a cash prize of Rs75 million while three prizes of Rs25 million each have been reserved for second position holders.Similarly, third prize of Rs0.5 million will be awarded to each of 1,696 position holders, he added.Copyright APP (Associated Press of Pakistan), 2014 ...
SBP's directives for financial consumer protection KARACHI: State Bank of Pakistan (SBP) has asked banks, development finance institutions (DFIs) and micro- finance banks (MFBs) to develop and implement their own frame- work on fair treatment of the consumers.This should be duly approved by their board of directors (BOD) and implemented by July 1, 2015, SBP directed to the above organisations through a circular released here on Friday.It is expected that the Banks/ DFIs/ MFBs will inculcate a conducive culture enduring fair ...
SBP injects Rs19,700mn into market KARACHI: State Bank of Pakistan (SBP) Friday injected Rs. 19,700 million into market for seven days during its open market operation (OMO).The bids offered amounted Rs. 24,700 million. The rate of return is 9.92 percent, said an SBP release issued here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 13.58106bn KARACHI: The total liquid foreign reserves of the country stand at dollars 13.58106 billion, said State Bank of Pakistan (SBP).SBP's weekly statement issued here on Thursday said, the foreign reserves held by State Bank on Aug 22, amounted to dollars 8.55404 billion and the net foreign reserves held by other banks were dollars 5.02702 billion.Over last week, SBP's liquid foreign exchange reserves decreased by $ 349 million to $ 8.554 billion compared to $ 8.903 ...
Gov't extends date for returns filing till Sept 30 ISLAMABAD: The government has extended the date of filling the returns by one month till September 30 to facilitate salaried taxpayers.According to press statement issued by Ministry of Finance here, Federal Minister for Finance Senator Mohammad Ishaq Dar extended the date of filling the returns, that were due by August 31, by one month i.e till September 30.The extension has been given in view of various representations and pleas submitted by the salaried class, finding ...
EMO becomes popular money transfer service ISLAMABAD: Electronic Money Order (EMO) service has become one of the most popular money transfer services of Pakistan Post.Officials of General Post Office (GPO), claimed that the number of people taking benefits from this service is due to its easy procedure and nominal service charges.The officials informed that with the countrywide popularly and great success, the service would be extended to all post offices to facilitate more people.They said that initially the EMO service was ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln