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SBP issues instructions to banks on Technology Up-gradation Fund Scheme KARACHI: The State Bank of Pakistan (SBP) has issued instructions to banks/development finance institutions (DFIs) regarding processing of claims for provision of "Mark-up Support" and "Investment Support" to textile industry under the Technology Up-gradation Fund (TUF) Scheme of the Federal Government. This scheme, which has been notified by the Ministry of Textile Industry (MINTEX), will encourage investment for up-gradation of machinery and technology in textile industry. Banks/DFIs shall process the claims for "Mark-up Support" and "Investment Support" from textile industry, duly registered with Ministry of Textile Industry (MINTEX). However, they have been instructed to forward the eligible claims after their scrutiny along-with Certificate of Commissioning of machines and commercial operations issued by MINTEX, separately for each Support, strictly in compliance with the terms and conditions prescribed in ministry's notifications / TUF Scheme, to the offices of SBP-BSC. Under the scheme, the claims for "Mark-up Support" may be submitted on "Form TUF-I" along-with the documents ...

HBL going to start franchise banking PESHAWAR: Regional General Manager (Operation), Habib Bank Limited (HBL), Afaq Zaidi has said that the bank is going to start franchise banking, which will remain opened from 9:00 A.M to 9:00 P.M. Talking to APP here Thursday, he said that in first phase franchise banking besides other big cities of the country will also be started in Peshawar and Mardan districts of Khyber Pakhtunkhwa. The system, he said would be later extended to more cities. The facility, ...
FBR extends date for filing of sales tax, federal excise returns ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of filing of Sales Tax and Federal Excise returns upto September 5 for the tax period July 2012, for all registered persons. "The date of payment of tax shall, however, be August 30, 2012", said a statement issued here on Thursday. The decision has been taken by the FBR in exercise of the powers conferred under section 74 of the Sales Tax Act, 1990 and section ...
Old Rs500 notes: Oct 1 last date to exchange notes: SBP  RECORDER REPORT KARACHI: State Bank of Pakistan (SBP) has reminded the general public to exchange old design and bigger size banknote of Rs500 from the field offices of SBP Banking Services Corporation (SBP BSC) and over 10,000 branches of banks throughout the country till the close of banking hours on October 01, 2012. The SBP/SBP BSC will neither exchange nor be liable to pay any value of such banknote to any person or a bank after the ...
PFD releases grants to TMAs BAHAWALPUR: Punjab Finance Department (PFD) on Friday released grants of Rs 5.12 million to Tehsil Municipal Administrations (TMAs) of Bahawalpur. According to official sources, PFD has issued Rs 4.1 million to TMA Bahawalpur, Rs 0.76 million for TMA Ahmadpur East and Rs 0.26 million for TMA Hasilpur. Overall funds of Rs 242.9 million are issued to 110 TMAs of Punjab. Copyright APP (Associated Press of Pakistan), 2012 ...
SBP injects Rs261.650bn KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs261.650 billion in the banking system. According to SBP here Friday, the offered amount was Rs261.650 billion while the rate of return for 7-day declined to 9.91 percent per annum. Copyright APP (Associated Press of Pakistan), 2012 ...
MCB Bank ATMs remain operational during Eid holidays  KARACHI: In line with guidelines from State Bank of Pakistan, MCB Bank made special arrangements to ensure availability of quality currency notes from its 685 ATMs across the country during Eid holidays and provided Rs2.4 billion to ATM branches, MCB head office said Saturday. MCB is undertaking this activity every year so that ATM network's availability is ensured while facilitating customers in ATM usage. MCB ATM network is providing services to public at large without any ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln