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PSIC disbursed Rs 400m interest free loan LAHORE: Lahore Regional Directorate of Punjab Small Industries Corporation (PSIC) has disbursed rupees 400 million interest free loan among unemployed skilled and semi-skilled youths. Regional Director,Ali Raza Tarar told APP here Saturday that on the special directive of MD PSIC,Farhan Aziz Khawaja,four special centres each headed by District Development Officers have been established at Lahore,Okara,Kasur and Sheikhupura districts to facilitate the jobless skilled and semi-skilled people in setting up their own business through loans. He said today a batch of 50 skilled youths was given rupees 50,000 loan each at Kot Abdul Maalik industrial area of district Sheikhupura. He said the entire process for grant of loans had altogether been simplified through one window operation, adding jobless skilled youth were being selected on sole recommendation of the TEVETA Punjab and other recognised training institutions of the province He said these youths had potential to run their personal business provided they were given interest ...

Rs. 1763.543bn notes in circulation LAHORE: A total of Rs. 1763.543 billion currency notes are in circulation throughout the country, says a State Bank of Pakistan report. According to the report for the week ending on January 13, the total number of notes issued were Rs. 1,763,739,915,000 (Rupees one trillion,seven sixty three billion,seven three nine million, nine one five thousand). The notes held in the banking department amounted to Rs. 196,413,000 ( Rs. One Ninty Six million, four one three thousand). The ...
SBP injects Rs 274.150bn in the market KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bond injected Rs 274.150 billion on January 27, 2012. According to SBP here Friday, the offered amount was Rs 275.150 billion for 7-day reverse repo. The rate of return was 11.52 percent. Copyright APP (Associated Press of Pakistan), 2012 ...
Country’s forex reserves fall to $16.80 billion KARACHI: Pakistan's foreign exchange reserves fell to $16.80 billion in the week ending Jan. 20, from $16.90 billion in the previous week, State Bank of Pakistan (SBP) said on Thursday. Reserves held by SBP fell to $12.55 billion from $12.69 billion a week earlier, while those held by commercial banks rose to $4.25 billion, compared with $4.21 billion the previous week. Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 last year, ...
Faysal Bank signs agreement with China firm KARACHI: Faysal Bank Limited has signed an agreement with China UnionPay for card issuance and acquisition in Pakistan. The signing ceremony took place in Shanghai, China and was attended by President and CEO, Faysal Bank Limited Naved A. Khan, and First Executive Vice President, UnionPay Cai Jianbo. According to Faysal Bank here Tuesday, UnionPay is one of the fastest growing payments technology companies in the world. Its cards are accepted on 1.5 million ATMs and 4.5 million ...
$648mn received from external sources during FY12  ASMA RAZAQ ISLAMABAD: Pakistan has received $ 648 million from external sources during the current fiscal year from July 2011 to January 2012. According to the data available with Business Recorder, the Asian Development Bank has remained the major foreign assistance provider by disbursing $341.2 million during the first seven months of the current fiscal year. The data shows that the World Bank was the second major foreign assistance provider to Pakistan during the current fiscal year ...
SBP injects Rs242.450bn in  reverse repo market operation KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investment Bond injected Rs 242.250 billion on January 20, 2012.   According to SBP here Friday, the offered amount was Rs 274.050 billion for 7-day reverse repo. The rate of return was 11.58 percent.   Copyright APP (Associated Press of Pakistan), 2012     ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln