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Two ZTBL branches opened JHANG: Two new branches of Zarai Taraqiati Bank Limited (ZTBL) were inaugurated, one in Chund Bharwana and the other one in Gojra Morh.Syed Talaat Mahmood, President and Chief Executive officer ZTBL was the chief guest in the inaugural ceremonies.Talking to APP after inaugurating the new bank branches, Syed Talaat Mahmood said that with the start of 2 new branches the total number of ZTBL branches rose to 384 along with 32 zonal offices.He further said that 32 new braches would start functioning at the end of current fiscal year. He said the farmers and land owners of the adjoining areas of Chund Bharwana and Gojra Morh would get agri loaning facilities.He said that agri advances worth Rs 70 billion were awarded during current fiscal year and these advances would be increased upto Rs 90 billion as per vision of Prime Minister Mian Nawaz Sharif.MNA Mehr Ghulam Muhammad Lali, MPAs Molana ...

SBP reminds public to exchange decimal coins ISLAMABAD: Sate Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial / microfinance banks branches by last working day of September 30.According to a statement of Central Bank for awareness of the general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at their branches for exchange of decimal coins.It may be recalled that ...
Pak liquid foreign reserves figure $ 13.92508bn KARACHI: The total liquid foreign reserves of the country stand at dollars 13.92508 billion, said State Bank of Pakistan.According to SBP's weekly statement here on Thursday, the foreign reserves held by the State Bank on August 15 amounted to dollars 8.90207 billion and the net foreign reserves held by other banks were dollars 5.02301 billion.During the week ending August 15, the SBP's liquid foreign reserves decreased by $ 285 million to $ 8,903 million as ...
Bank Alfalah posts profit before tax of Rs3.978bn for half year KARACHI: Bank Alfalah Limited posted profit before tax of Rs3.978 billion for the half year ended June 30, 2014, registering an impressive growth of 45 percent against the corresponding period last year.Earnings per share for the half year 2014 were reported at Rs1.93 as against Rs1.44 for the corresponding period, an increase of 34 percent, a press release issued here on Wednesday said.Total revenue for the half year period was reported at Rs13.943 billion as ...
Pakistan's Liquid Foreign Reserves reached to over US $14.264bn ISLAMABAD: The total liquid foreign reserves held by the country stood at US $ 14,264.1 million on August 8, 2014.Giving a break-up of the foreign reserves position a statement of Central Bank issued on Friday said that Foreign reserves held by the State Bank of Pakistan stood at US $ 9,188.0 million while the net foreign reserves held by banks were US $ 5,076.1 million on August 8, 2014.During the week ending August 8, 2014, ...
SBP playing key role in country's economy: Saeed Ahmad KARACHI: The Acting Governor, State Bank of Pakistan (SBP) Saeed Ahmad has said that the central bank will keep on playing its role in growth of the country's economy. Addressing the flag hoisting ceremony on Independence Day here on Thursday, he said "it is important for us to follow teachings of our leaders and keep the national interest supreme in every decision we make". He said that SBP is the backbone of the country's economy ...
SBP auctions Rs 82,949.745mn PIBs KARACHI: The State Bank of Pakistan (SBP) on Tuesday auctioned Pakistan Investment Bonds (PIBs) of different tenures amounting to Rs 82,949.745 million, with face value of Rs 86,787.9 million.The bids offered for PIBs with maturity periods of 3,5 and 10 years tenure amounted to Rs 86,757.670 million having face value of Rs 90,837.9 million. No bid was received for 20 year maturity bonds, said an SBP press release. Copyright APP (Associated Press of Pakistan), 2014 ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln