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Post earns Rs806.8mn commission through saving schemes ISLAMABAD: Pakistan Post has earned commission amounting to Rs806.8 million during the period July to March 2013-14 by collecting an amount of Rs161,365.865 million through national savings schemes.According to Economic Survey 2013-14, Pakistan Post has been doing Saving Bank work as an agency function on behalf of the Ministry of Finance under the Government Savings Bank Act 1873 on commission basis.Pakistan Post Savings Bank offers the largest network of savings bank services across the country. It is popular both in urban and rural areas, but its operations in rural areas of the country are wide spread. In most of the remote areas, it is the only banking service available. Through its extensive network of post offices, Pakistan Post Saving Bank offers a number of very attractive saving bank schemes.Pakistan Post also received the foreign remittances amounting to US $ 64.9 million dollars equivalent to Rs7,451.4 million during the first nine ...

Pak forex figure $ 13.43904bn, SBP forex increase by $ 33mn KARACHI: Total liquid foreign reserves of the country stand at dollars 13.43904 billion, said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on May 30 amounted $ 8.68207 billion and the foreign reserves held by other banksfigured $ 4.75607 billion. During the week, SBP's liquid foreign reserves increased by$ 33 million at $ 8.683 billion compared to $ 8.650 billion in the previous week.During the ...
Shuja urges elites to pay taxes, proposes raise in property tax MULTAN: Punjab Minister for Finance, Excise and Taxation Mujtaba Shuja Ur Rahman has urged the elites to pay taxes to contribute their due share to strengthening the economy of the country.Addressing at the Multan Chamber of Commerce and Industry (MCCI) late on Friday night, the minister recalled that an attempt to levy tax on luxury houses in three big cities was responded with filing of 800 petitions in the High Court.He said that provincial government ...
ATM card holders demand proper maintenance of facility ISLAMABAD: The Auto Teller Machine (ATM) card holders Saturday appealed the authorities concerned to ensure proper maintenance of the facility owned by public and private sector banks."ATMs are considered to be a source of relief for the consumers in need of fast cash, but they have in fact become a source of annoyance, particularly on salary days," a number of ATM card holder said while talking to APP.Those, who often visit ATM kiosks to get ...
SBP injects Rs98.900mn in market KARACHI: State Bank of Pakistan on Friday injected Rs. 98.900 million in market during its open market operation ; with 10.04pc rate of return.The bids offered of the 07-days injection were of Rs 115.900 million, said SBP release here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex increase to $ 13.43905bn KARACHI: The total liquid foreign exchange reserves of the country have increased to dollars 13.43905 billion from previous week's balance of $ 13.13208 billion, said a State Bank of Pakistan.According to SBP weekly statement issued here on Thursday, the foreign reserves held by State Bank on May 23 amounted $ 8.64905 billion against the previous week's balance of $ 8.32003 billion and the net foreign reserves held by other banks were $ 4.790 billion.The Central ...
SBP injects Rs 92.650bn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 92.650 billion into the market for four days during its open market operation ; with 10 % rate of return. The bids offered for injection amounted Rs 95.150 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln