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SBP injects Rs 18,600mn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 18,600 million for four days into market during its open market operation.The bids offered for this injection amounted Rs 21,600 million. The rate of return is 9.93 percent, said SBP release. Copyright APP (Associated Press of Pakistan), 2014 ...

Banks to ensure ATM services availability during Eid holidays ISLAMABAD: As per the instructions of the State Bank of Pakistan (SBP) all the banks across the country would ensure Auto Teller Machine (ATM) services availability during Eid holidays.The SBP through a special order has directed banks to take necessary measures in order to ensure maximum availability of ATM services and avoid public inconvenience during Eid holidays.In a circular letter, banks were instructed to ensure round-the-clock availability, consistent monitoring of ATMs and mobilize maximum resources ...
Meezan Bank profit after tax grows by 17pc, declares interim cash dividend of 15pc KARACHI: Meezan Bank Ltd has recorded 17% growth in its profit-after-tax which increased to Rs 2.254 billion compared to Rs 1.933 billion earned in the corresponding half year of 2013.The earnings per share of the bank increased to Rs. 2.25 (June 2013: Rs. 1.93), a news release said here on Monday.As a result of the bank's strong profitability, the Board of Directors approved an interim cash dividend of Rs 1.50 per share (i.e 15%).The Board ...
President asks Tax Ombudsman to ensure speedy justice to taxpayers ISLAMABAD: President Mamnoon Hussain Friday urged the Federal Tax Ombudsman to take vigorous steps and innovative approaches to ensure inexpensive and speedy justice to the taxpayers.Talking to Abdur Rauf Chaudhry, Federal Tax Ombudsman (FTO) here at the Aiwan-e-Sadr the President said the institution of FTO was an important government organization mandated to redress the complaints of maladministration and rectify injustice done to the tax payers by the tax authorities.Abdur Rauf Chaudhry presented to the President ...
Pakistan's liquid foreign reserves reach $14.45 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$14,450.2 million on July 18, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 9,398.8 million while the net foreign reserves held by banks were US$ 5,051.4 million on July 18.During the week ending July 18,2014, SBP's Liquid FX Reserves decreased ...
Fresh notes of Rs.87bn issued to banks for public distribution: SBP KARACHI: State Bank of Pakistan (SBP) has issued fresh notes worth Rs.87 billion to commercial banks for distribution to the general public and their clients upto July 22. SBP has been issuing fresh currency notes to facilitate general public during the month of Ramadan through counters of field offices of SBP BSC and it would continue till the last working day of Ramadan, said a press release issued here on Wednesday.Under the arrangements, each member ...
SBP issuance of fresh notes to general public ISLAMABAD: The State Bank of Pakistan (SBP) has decided to further facilitate issuance of fresh currency notes to general public during ongoing month of Ramazan.For the purpose the field offices of SBP BSC shall also start issuing fresh notes to the general public from its counters from Thursday July 24, 2014 (Thursday) till the last working day of Ramazan, says a statement issued by the Central Bank on Wednesday.Under the arrangements, each member of the ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln