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Last update: Sat, 03 Dec 2016 03am

Banking & Finance

Pakistan - Banking & Finance

SBP injects Rs631.450bn KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 631.450 billion during its open market operation (OMO).The rate of return accepted is 8.28 percent per annum, said SBP statement. Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

SBP accepts bids of Rs174.39409bn KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs. 174.39409 billion for selling 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills (MTBs) through primary dealers. The face value of these accepted bids is Rs. 184.304036 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

SBP revises criteria for renewal exchange companies licenses KARACHI: State Bank of Pakistan (SBP) has decided to amend its instructions relating to renewal of license of Exchange Companies (ECs).The SBP, through a circular, has drawn attention of exchange companies to instructions contained in FE circular No.02 dated April 20, 2012 in terms of which duration of license of exchange companies was linked with the inspection rating of the respective exchange company.State Bank decided that henceforth licenses of exchange companies shall be renewed for ...

Pakistan - Banking & Finance

SBP accepts bids of Rs 174.39409bn KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 174.39409 billion for selling 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs) through primary dealers. The face value of these accepted bids is Rs 184.304036 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

Pakistan for trade transit agreement with Turkmenistan  ISLAMABAD: Pakistan has proposed to Turkmenistan to sign a transit trade agreement to establish strong trade linkages with the Central Asian countries which may be extended further beyond to Russia. The Ministry of Commerce will forward the draft of the proposed transit trade agreement to the Turkmen officials within the next few days for further deliberations. This was discussed in a meeting by the Federal Minister for Commerce Engr Khurram Dastgir Khan with the Ambassador ...

Pakistan - Banking & Finance

SBP sees transformation of cash processing business to automation in next five years ISLAMABAD: Acting Governor State Bank of Pakistan Saeed Ahmad has said that the SBP sees total transformation of cash processing business from manual to automation in next five years and thus would like to see commercial banks aligning their plans with State Bank in this direction."Without the joint action the desired results to improve the quality of currency notes in circulation will not be achieved," he said.He was addressing participants of Conference on Currency Management: ...

Pakistan - Banking & Finance

Foreign reserves decreased by US$ 82 million KARACHI: The total foreign reserves held by the country stood at US$ 15,063.9 million on January 23, 2015, said a press release of State Bank of Pakistan (SBP) here on Thursday.The break-up of the foreign reserves position is as under:(1) Foreign reserves held by the SBP US$ 10,248.7 million.(2) Net foreign reserves held by banks US$ 4,815.2 million.(3) Total liquid foreign reserves US$ 15,063.9 million.During the week ending 23 January 2015, SBP's liquid FX reserves ...