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164 properties sealed for non-payment of property tax RAWALPINDI: Excise and Taxation Department has sealed 164 commercial and residential properties here during last two days for non-payment of property tax. 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) Riaz Qureshi, are conducting raids and the properties of tax defaulters are being sealed. He said, on the directives of authorities concerned, now cases would also be registered against the defaulters.He informed that the department also recovered property tax arrears amounting to over Rs 1.7 million during two days. The properties whose owners had not submitted their property tax dues were sealed in different areas.The Excise and Taxation department during its special campaign launched on the directive of Director Excise Ashiq Hussain also checking vehicles in the division and recovering dues of token tax.Strict action in accordance with ...

SBP guidelines for export of wheat, wheat flour KARACHI: State Bank of Pakistan (SBP) has advised the authorised dealers (ADs) to abide by Ministry of National Food Security and Research (MNFSR) rules notified for the export of wheat and wheat flour and payment of subsidy on this account.The ADs' attention has been drawn to the notification No.F. 1-9/2013-DFSC-II/wheat procurement dated February 13, 2015 and Finance Division (FD)'s notification No.1(4) CF-C/2014-112 dated February 16, 2015 regarding this subject. According to these notifications, Government of ...
SBP accepts bids of Rs 80.17903bn for sale of MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 80.17903 billion, having face value of Rs 84.55109, billion for sale of 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills (MTBs).The bids offered for amounted to Rs 347.259018 billion, with a face value of Rs 370.1840650 billion, said a SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP injects Rs715bn in market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 715 billion into market for seven days through its open market operation (OMO).The rate of accepted return is 5 percent.The total bids offered for this injection were of Rs. 726.5 billion, said an SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
Pak forex stand at $ 15.94307bn KARACHI: Total liquid foreign reserves of the country over the week ending on February 20, stood at dollars 15.94307 billion, said State Bank of Pakistan (SBP). SBP's weekly statement here on Thursday said the foreign reserves held by State Bank amounted to dollars 11.07409 billion and the net foreign reserves with other banks figured at $ 4.86808 billion.During the week, SBP's liquid foreign reserves decreased by $ 119 million to $ 11.075 billion compared to ...
SBP injects Rs 45.4bn into market KARACHI: State Bank of Pakistan (SBP) on Tuesday injected Rs 45.4 billion into market for three days during its open market operation.The rate of return accepted is 8 percent per annum. The bids offered amounted Rs 57.4 billion, said an SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...
SBP accepts Rs 16.9bn for outright purchase of GIS KARACHI: State Bank of Pakistan (SBP) Tuesday accepted Rs 16.9 billion while conducting open market operation- outright purchase of GIS from SBP.The bids offered for GIS-12 issue amounted Rs 31.925 million, said an SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln