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SBP injects Rs543.950bn KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 543.950 billion into market for seven days through its open market operation.The rate of return accepted is 7.49 percent per annum, said an SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...

Draw for Rs 1500 bonds held at SBP Multan MULTAN: The draw for Rs 1500 denomination prize bonds was held at the auditorium of State Bank of Pakistan (SBP) here Friday. First prize worth Rs 3 million went to prize bond number '512421', second prize worth Rs 1 million went to three prize bond numbers each including '367872', '727729' and '735235' while Rs 18,500 prizes went to another 1696 prize bonds each, media coordinator for Central Directorate of National Savings (CDNS) Multan Syed Muhammad ...
Workers' remittances rise by 16pc to $15bn in 10 months KARACHI: Overseas Pakistani workers' remitted dollars 14.969066 billion in first ten months (July to April) of 2014-15; showing a significant growth of 16.06 percent.Dollars 12.897091 billion were received during the same period of the preceding fiscal year, said State Bank of Pakistan's (SBP) statement here on Monday.During April 2015, the inflow of workers' remittances amounted to $1.640058 billion, which is 4.0% higher than March 2015 and 25.06% higher than April 2014.The country-wise details for the ...
CDNS mobilizes Rs.273bn savings during 10 months ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs.273 billion savings during current fiscal year from July 1st, 2014 to April 30,2015 against the target of Rs 284 billion.An official of CDNS giving breakups of nine months of the year 2014-15regarding achievements of the Central Directorate of National Savings told APP here on Monday that "People have shown confidence in National Saving, when deceptive methods and risk factors are involved in different areas ...
Depositors of former KASB Bank start transactions with Bank Islami KARACHI: State Bank of Pakistan informed that the amalgamation of the defunct KASB Bank into Bank Islami Pakistan Ltd has been implemented smoothly.As a result all the depositors which are over 150000 in number and have Rs 57 billion in deposits are free to operate their accounts.Many of them have already started operating their accounts and more than 1200 employees have continued their jobs, a statement of SBP said here on Sunday.All the branches of ...
Foreign reserves stand at $ 17,690.1 million KARACHI: The total liquid foreign reserves held by the country stood at $17,690.1 million on May 1, 2015, a statement issued by State Bank of Pakistan (SBP) said here on Thursday.The break-up of the foreign reserves position is as under: 1) Foreign reserves held by the SBP: $12,517.3 million 2) Net foreign reserves held by banks: $5,172.8 million 3 Total liquid foreign reserves: $17,690.1 millionDuring the week, SBP's Liquid FX Reserves decreased by $48 million ...
Scheme of amalgamation of KASB Bank approved by Federal Govt: SBP KARACHI: State Bank of Pakistan (SBP) on Thursday informed the depositors of KASB Bank Limited (‘’the bank'') that scheme of amalgamation of the bank has been approved by the Federal Government.In terms of the amalgamation scheme, KASB Bank Limited has been merged with and into Bank lslami Pakistan Limited, a statement of State Bank said here.Accordingly, the moratorium placed on former KASB Bank Limited has been lifted with immediate effect. The depositors of the former ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln