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Pakistan   ISLAMABAD: The total liquid foreign reserves held by the country stood at $13,185.0 million on February 22, 2013.   Giving the break-up of the foreign reserves position, a statement of the SBP said that Foreign reserves held by the State Bank of Pakistan stood at $8,227.0 million while the net foreign reserves held by banks (other than SBP) were $4,958.0 million on February 22.   Copyright APP (Associated Press of Pakistan), 2013     ...

BoK witnesses robust growth in five years        PESHAWAR: The Bank of Khyber (BoK) has recorded a robust growth in all sectors during last five years despite challenging economic conditions and marginalized businesses in the country.   The bank is well positioned to meet all financial and regulatory requirements liable under rules of the central bank, said the Managing Director, BoK Bilal Mustafa, while predicting a rosy future of the public sector financial entity of the KP province at the Guest Hour program here on ...
SBP guidelines for private foreign currency accounts     KARACHI: State Bank of Pakistan (SBP) has issued guidelines for authorised dealers in foreign exchange regarding operations of private foreign currency accounts.   SBP, in a circular issued here on Wednesday, advised the dealers to strictly observe the following conditions.   a) All applicable SBP instructions including Prudential Regulations regarding AML/ KYC should be strictly followed.   (b) As already advised in Para 1(iii), Chapter VI of FEM, the Corporate Bodies/ Legal entities cannot generate funds from the kerb market for ...
NBP declares 70pc dividend, 15pc bonus KARACHI: National Bank of Pakistan (NBP) has posted a lower profit after tax of Rs16.887 billion during the financial year ending December 31, 2012 and declared 15% bonus and 70 % final cash dividend.According to financial results of the Bank despatched to Karachi Stock Exchange here Monday, the pre-tax profit declined to Rs24.063 billion for the period under review against Rs26.131 billion last year.The earning per share slipped to Rs9.13 in 2012 compared to Rs9.58 ...
UBL declares 35pc dividend KARACHI: United Bank Ltd (UBL) has reported a higher profit after tax of Rs19.279 billion during the year ending December 31, 2012, and announced a final cash dividend of Rs3.5 per share.According to financial results of the bank sent to KSE here Monday, the pre-tax profit of the bank surged to Rs25.410 billion during the period under review compared to Rs23.633 billion in the same period last year.The earning per share also improved to Rs15.71 ...
SBP injects Rs460bn KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 460 billion in the banking system.According to SBP here Friday, the offered amount was Rs 507.300 billion by 38 bidders while the rate of return for 7-day improved to 8.86 percent per annum.Copyright APP (Associated Press of Pakistan), 2013 ...
State Bank of Pakistan to buy government paper in reverse repo        KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in seven-day reverse repo to inject funds into the money market.   The State Bank of Pakistan did not say how much money it would inject through the open market operation.   The result of the auction will be announced at 1030 a.m. (0530 GMT) and settlement will be later in the day.       Copyright Reuters, 2013       ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln