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State Bank rationalise processing fee for refund requests KARACHI: State Bank has decided to rationalise the processing fee for refund requests against the penalties imposed on account of violations recorded in the inspection reports.The revised processing fee has been set as a lump- sum amount of Rs 500,000 for banks /DFIs whereas a flat fee of Rs 100,000 for Microfinance Banks (MFBs), said a SBP statement here on Monday.State Bank Monday issued circulars for banks/DFIs and for Microfinance Banks.Previously the banks/ DFIs were required to pay a fee equivalent to 5 per cent of the amount contested or a minimum of Rs 500,000 whichever was higher as processing fee for the appeal so made and the microfinance banks were required to pay a fee equivalent to 5% of the amount contested or a minimum of Rs 100,000 whichever was higher as processing fee for the appeal so made.Moreover, for streamlining the procedure for finalisation of inspection reports and ...

Country's total liquid foreign reserves stand at $ 17,494.2mn KARACHI: The total liquid foreign reserves held by the country stood at US$ 17,494.2 million on May 22, 2015, the State Bank said in a statement Thursday.It said the break-up of the foreign reserves position is as under. i) Foreign reserves held by the State Bank of Pakistan: US$ 12,284.4 million, (ii) Net foreign reserves held by Banks: US$ 5,209.8 million, (iii) Total liquid foreign reserves : US$ 17,494.2 million.During the week ending May 2, ...
NBP's pre-tax profit increased by 211pc ISLAMABAD: The National Bank of Pakistan (NBP)'s profit before tax increased by 211 % in 2014 and stood at Rs. 22 billion .Profit after tax increased by 173% from Rs. 5.5 billion in year 2013 to Rs. 15 billion in year 2014, the Spokesman of NBP Syed Ibne-Hassan in a statement issued here said.He added that earnings per share were Rs. 7.06 in year 2014 as against Rs. 2.59 of 2013, an increase of 173%, ...
SBP injects Rs 50.6bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 50.6 billion into the market for four days through its open market operation.The rate of return accepted is 6.5 percent per annum, said a SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
SBP injects Rs586.850bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 586.850 billion into market for seven days through its open market operation (OMO).The rate of return accepted is 7.49 percent per annum, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
Pak forex figure $ 17.74901bn KARACHI: Total liquid foreign exchange reserves of the country stood at $ 17.74901 billion on May 15, said State Bank of Pakistan (SBP).SBP statement here on Thursday said, the foreign reserves held by State Bank amounted $ 12.51107 billion and the net foreign reserves held by other banks were $ 5.23704 billion.During the week ending May 15, SBP's liquid foreign exchange reserves decreased by $ 38 million to $ 12.512 billion compared to $ 12.550 ...
SBP injects Rs 95.5bn into market KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 95.5 billion into market for one day through its open market operation (OMO).The rate of return accepted is 7.51 percent per annum, said an SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln