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Agriculture sector plays role for quality life to rural population: State Bank ISLAMABAD: Deputy Governor State Bank of Pakistan (SBP) Saeed Ahmad on Wednesday said the Agriculture sector to play important role to provide quality life to the rural agrarian population and "We are committed to facilitate them in all areas.""Innovative way of farming is need of the hour and small farmers should adopt the new techniques and use modern equipments to enhance the production through also get better results, he said this while addressing the International Conference on Innovative Agriculture Financing, jointly organized by SBP and Food and Agriculture Organization of the United Nations (FAO) here.Deputy Governor SBP said that "We need structural changes in Sector to enhance the capacity and management building of the farmers from remote areas of the country and to educate them in this regard.He said that quality of the seeds are more important to get better crops and through export country would earn more review by ...

Rs490,000 earned thru auction of 'favourite' numbers FAISALABAD: Excise and Taxation department earned Rs490,000 from the auction of favourite numbers of new registration serial FDO 15 held in the office.According to sources,'FDO-1' remained most favourite number of the new serial and it was auctioned in Rs27,000 and another three digit number FDO-381 was auctioned in Rs11,600. No one took interest in other single digit numbers that used to be public favourite, the sources said.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP asks commercial banks to deploy more ATM machines KARACHI: The State Bank of Pakistan has asked commercial banks to deploy more ATM machines nationwide, as currently available network of 9,000 machines lacks the strength to facilitate the growing population in future, said a Deputy Governor of the central bank, Riaz Riazuddin on Thursday."Density of ATMs is low in Pakistan and we need to increase it in future," said Riazuddin.He was speaking at the 13th ebanking conference and exhibition organised by Total Communications and ...
Pakistan's Liquid Foreign Reserves reached to $ 17.491bn ISLAMABAD: The total liquid foreign reserves held by the country stood at US$17,491.0 million on April 17,2015.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued on Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 12,364.0 million while Net foreign reserves held by banks were US$ 5,127.0 million on April,17.During the week ending April 17, 2015,SBP's Liquid FX Reserves increased by US$605 million ...
SBP mops up Rs 108.2bn KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 108.2 billion for one day during its open market operation (OMO).SBP statement said the rate of return is 7.5 percent. The total number of 20 bids offered were accepted. Copyright APP (Associated Press of Pakistan), 2015 ...
CDNS mobilizes Rs 269bn savings during 9 months ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs 269 billion savings during current fiscal year from July 1st, 2014 to March 31,2015 against the target of Rs 284 billion.An official of CDNS giving breakups of nine months of the year 2014-15 regarding achievements of the CDNS said here on Thursday that "People have shown confidence in National Saving, when deceptive methods and risk factors are involved in different areas of market for ...
SBP injects Rs897.1bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected into market Rs 897.1 billion for seven days during its open market operation.SBP statement said the rate of return is 7.51 percent. The bids offered were of Rs904.1bn. Copyright APP (Associated Press of Pakistan), 2015 ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln