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3rd International Finance moot, exhibition on April 24-25 KARACHI: The 3rd International Finance Conference and Exhibition (IFEC) is scheduled to be held on April 24-25 in at a hotel here.Deputy Governor State Bank of Pakistan (SBP) Saeed Ahmed will be chief guest of the event while CEOs and Presidents of different Islamic Banks will chair different sessions, said a statement on Monday.Prominent speakers at the event will highlight the prevailing boom and expansion of Islamic Banking globally and locally and its emerging potential and scope going forward.They are expected to raise the issues and challenges of Islamic banking in the current scenario and suggest different solutions and ideas to address them in the local market.CEOs and Presidents of different banks including Siraj Uddin Aziz of Habib Metropolitan Bank, Hussain Lawai of Summit Bank, Irfan Siddique of Meezan Bank, Hasan Bilgrami of Bank Islami, Shafqaat Ahmed of Bank Albaraka, President Karachi Chamber of Commerce & Industries Amer Zaki, Director ...

SBP to host D-8 Central Banks meeting KARACHI: State Bank of Pakistan (SBP) is hosting the Developing Eight (D-8) Countries' Central Banks Experts Meeting on promoting financial inclusion and Islamic Banking on April 21 at National Institute of Banking and Finance (NIBAF), Islamabad.The meeting will be inaugurated by Ashraf Mahmood Wathra Acting Governor, SBP, a statement issued here on Sunday.D-8 is an organization for cooperation among 8 developing countries namely; Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.The objectives of D-8 ...
SBP mops up Rs 35,000mn in OMO KARACHI: State Bank of Pakistan (SBP) on Thursday mopped up Rs 35,000 million under its 7-days repo sale through its open market operation (OMO) in Government of Pakistan Market Treasury Bills.The bids offered were of the same amount, said a SBP release here.Copyright APP (Associated Press of Pakistan), 2014 ...
SBP injects Rs308,750mn thru OMO KARACHI: State Bank of Pakistan on Friday injected Rs. 308,750 million for seven days into the market through its open market operation.The bids received amounted Rs. 314,950 million. The rate of return is 10.15 percent, said an SBP press release here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 9.71305bn KARACHI: The total liquid foreign reserves of the country stand at dollars 9.71305 billion, said State Bank of Pakistan (SBP).According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on April 4, amounted $ 4.94302 billion and the net foreign reserves held by banks figured $ 4.77003 billion.During the week, SBP's liquid foreign reserves decreased by $ 229 million to $ 4,943 million compared to $ 5,172 million in the ...
Islamic finance a better alternative: DG SBP KARACHI: Deputy Governor (DG) of State Bank of Pakistan (SBP) Saeed Ahmad has said that Islamic finance is all set to become a better alternative to the conventional banking.This he said while addressing on completion of ten successful years of "Raast Islamic Banking" programme of Bank of Khyber, said a press release issued here on Saturday.Congratulating Bank of Khyber Management, Board of Directors, and "Raast Islamic Banking" team, Saeed hoped that with continued demand on ...
No need to change FBR's existing tax collection system: RCCI President RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI) Dr. Shimail Daud said investors made billions of rupees investment in various sectors under the existing system of Federal Board of Revenue (FBR) and there is no need to change it.He said FBR's present system is not only modern but also being practiced in developed countries for giving boost to economic activities, adding "it was introduced in consultation with World Bank and Department for International Development ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln