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Liquid foreign reserves increase by $777mn to $ 11,194mn KARACHI: The total liquid foreign reserves held by the country stood at US$16,036.7 million on Feb 13, 2015, said a State Bank of Pakistan (SBP) press release issued here on Thursday.The break-up of the foreign reserves position is as under. i) Foreign reserves held by the State Bank of Pakistan: US$ 11,194.2 million, (ii) Net foreign reserves held by banks: US$ 4,842.5 million, (iii) Total liquid foreign reserves: US$ 16,036.7 million.During the week ending Feb 13, 2015, SBP's liquid FX Reserves increased by US$ 777 million to US$ 11,194 million compared to US$10,417 million in the previous week.During the week SBP received US$717 million on account of Coalition Support Fund (CSF).Copyright APP (Associated Press of Pakistan), 2015 ...

SBP extends FICF proposal submission deadline up to March 5 KARACHI: State Bank of Pakistan (SBP) has extended the deadline up to March 5, 2015 for submission of proposals under Financial Innovation Challenge Fund (FICF) 3rd round on "promoting excellence in Islamic finance."Earlier, the deadline for submission of quality proposals by the potential applicants was February 20, 2015, said SBP press release here on Wednesday.The 3rd challenge round was unveiled on January 9, 2015 in Islamabad. FICF is a component of the larger financial inclusion ...
SBP clarification on inflation target KARACHI: State Bank of Pakistan (SBP) Wednesday issued clarification on revising inflation target as reported in some media sections referring to SBP's first quarterly report of 2014-15 titled "State of Pakistan's Economy" released on Tuesday.A SBP press release said it has been erroneously reported that the SBP revised the inflation target to 4.5 to 5.5 percent. SBP neither fixes the inflation target nor revises and it is rather set by the Federal Government and is ...
HBL & Monet signs agreement with Daraz.pk to process card on delivery payments through mobile point-of-sale KARACHI: Habib Bank Limited (HBL), Pakistan’s largest bank, has enabled Daraz.pk, Pakistan’s largest online store to accept credit and debit cards while delivering goods to customers’ door steps. This has been achieved through Monet’s breakthrough Swipe2Pay mPOS (Mobile POS) service which has been recently launched in partnership with HBL. The mPOS solution enables merchants to accept payments through debit and credit cards while delivering goods to customer door steps. This replaces the existing mode of ...
SBP injects Rs623.1bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 623.1 billion into market through its open market operation (OMO) for seven days.SBP statement said that the rate of return accepted is 8.15 percent per annum. Copyright APP (Associated Press of Pakistan), 2015 ...
PRISM shows significant growth in volume and value of electronic transactions ISLAMABAD: For large value payments, Pakistan Realtime Interbank Settlement Mechanism (PRISM) settled 188,424 transactions, through the Real Time Gross Settlement System (RTGS), of value Rs 42.4 trillion during the second quarter of FY2014-15.This showed an increase of almost 14% and over 38% in volume and value respectively, compared to that in first quarter of FY2014-15, said a statement issued by the Central Bank on Thursday.For retail payments, during the second quarter of FY2014-15, the volume ...
Overseas workers' remittances rise by 14.6pc in 7 months KARACHI: Overseas workers' remittances rose by 14.6 percent at dollars 10.358 billion in the first seven months of fiscal year 2014-15 (July to January) compared to $ 9.03804 billion received during the same period of FY14.SBP statement here on Tuesday said that during January 2015, the inflow of workers' remittances amounted to $ 1.377014 billion, which is 13 percent lower than December 2014 and 10% higher than January 2014.The country-wise details for the month of ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln