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CDNS mobilizes Rs.315bn savings till June 15 ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs 315 billion savings target during current fiscal year from July 1, 2014 to June 15,2015 against the revised target of Rs.329 billion.An official of CDNS giving breakups of set targets for coming fiscal year 2015-16 of National Savings told APP here on Tuesday that "Net target for new financial year 2015-16 is Rs. 302 billion and gross target would be 1043.""People have shown confidence in National Saving's different schemes as in "Behbood Saving Scheme" pensioners, widows and senior citizens benefit account now enhanced from Rs.3 million to Rs.4 million",he said.The official,said that "our institution believes in accountability and transparency to build the confidence of customers.He said that currently people trends have shifted from short term to \ medium and long term investments for which CDNS facilitates the investors.The CDNS has launched comparatively better schemes for senior citizen and gave ...

SBP to facilitate public in obtaining fresh currency notes during Ramazan ISLAMABAD: In line with its tradition, the State Bank of Pakistan (SBP) will utilize the large branch network of commercial banks all over the country and the 16 field offices of SBP Banking Services Corporation for distribution of fresh currency notes to the general public to meet their needs for Eid-ul-Fitr celebrations.The SBP BSC field offices will start issuance of fresh notes w.e.f June 25 through their counters till the last working day before Eid-ul-Fitr; ...
Agri credit disbursement surges to Rs 439.8bn in 11 months KARACHI: During current fiscal year (July-May 2015) the banks have disbursed Rs 439.8 billion which is 88% of the overall annual target of Rs 500 billion. This is 31.4% higher than disbursement of Rs 334.7 billion made during the corresponding period last year, said a SBP statement issued on Monday.The outstanding portfolio of agriculture loans has also surged by Rs 43 billion or 15.5% i.e. from Rs 277.1 billion to Rs 320.1 billion at end ...
NBP launches Islamic banking system in Khyber Agency PESHAWAR: The National Bank of Pakistan (NBP) has formally launched Islamic banking system at tehsil Jamrud of Khyber Agency.In this connection, a function was held at NBP Jamrud branch that was attended besides others by Member National Assembly Shahgee Gul Afridi and Assistant Political Agent Jamrud Fahad Wazir.On this occasion, the NBP Manager appraised the audience about aims and objectives of the Islamic banking system. He said interest free banking facilities was now available for ...
Zarai Taraqiati Bank Limited gets AAA/A1+ ISLAMABAD: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited as AAA/A-1+ (Triple A/A One Plus), besides the safety of deposits mobilized by the Bank is explicitly guaranteed under the Bank's (Nationalization) Act, 1974.The assigned rating reflected the systematic importance of Zarai Taraqiati Bank limited (ZTBL) to the Agriculture economy of Pakistan, says a statement issued by the bank here today.Timely availability of agriculture credit continues to remain an ...
NBP ensures superlative ATM services for its customers during Ramzan & Eid holidays ISLAMABAD: The National Bank of Pakistan (NBP), being the nation's bank has taken special measures to ensure superlative Auto Teller Machine (ATM) services to facilitate its valued customers twenty four hours in seven days (24/7) during the holy month of Ramzan & Eid holidays acoss the country, a senior offical of the bank said."The NBP takes immense pride in being the Nation's Bank, keeping in view our responsibility to the nation, we are fully committed ...
JCR maintains entity of NBP Leasing KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of the NBP Leasing Limited (NBPL) at `A+/A-1' (single A plus /A-One).The previous rating action was announced on June 24,2014, said press release here on Thursday. NBPL is a wholly owned subsidiary of National Bank of Pakistan (NBP). The ratings of NBPL derive strength from its association with NBP, which is one of the largest commercial banks operating in the country.Access to capital ...


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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln