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Banking & Finance


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 it impossible to comply with the obligatory provision of filing income tax returns by August 31, due to the current circumstances and prevailing situation because of the sit-ins by the two political parties of the country.The Finance Minister said that this decision has been taken to facilitate the salaried persons.Copyright APP (Associated Press of Pakistan), 2014 ...

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 ...
Two ZTBL branches opened JHANG: Two new branches of Zarai Taraqiati Bank Limited (ZTBL) were inaugurated, one in Chund Bharwana and the other one in Gojra Morh.Syed Talaat Mahmood, President and Chief Executive officer ZTBL was the chief guest in the inaugural ceremonies.Talking to APP after inaugurating the new bank branches, Syed Talaat Mahmood said that with the start of 2 new branches the total number of ZTBL branches rose to 384 along with 32 zonal offices.He further said ...
SBP reminds public to exchange decimal coins ISLAMABAD: Sate Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial / microfinance banks branches by last working day of September 30.According to a statement of Central Bank for awareness of the general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at their branches for exchange of decimal coins.It may be recalled that ...
Pak liquid foreign reserves figure $ 13.92508bn KARACHI: The total liquid foreign reserves of the country stand at dollars 13.92508 billion, said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by the State Bank on August 15 amounted to dollars 8.90207 billion and the net foreign reserves held by other banks were dollars 5.02301 billion.During the week ending August 15, the SBP's liquid foreign reserves decreased by $ 285 million to $ 8,903 million as ...
Bank Alfalah posts profit before tax of Rs3.978bn for half year KARACHI: Bank Alfalah Limited posted profit before tax of Rs3.978 billion for the half year ended June 30, 2014, registering an impressive growth of 45 percent against the corresponding period last year.Earnings per share for the half year 2014 were reported at Rs1.93 as against Rs1.44 for the corresponding period, an increase of 34 percent, a press release issued here on Wednesday said.Total revenue for the half year period was reported at Rs13.943 billion as ...
Pakistan's Liquid Foreign Reserves reached to over US $14.264bn ISLAMABAD: The total liquid foreign reserves held by the country stood at US $ 14,264.1 million on August 8, 2014.Giving a break-up of the foreign reserves position a statement of Central Bank issued on Friday said that Foreign reserves held by the State Bank of Pakistan stood at US $ 9,188.0 million while the net foreign reserves held by banks were US $ 5,076.1 million on August 8, 2014.During the week ending August 8, 2014, ...


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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