01172017Tue
Last update: Tue, 17 Jan 2017 07am

Banking & Finance

Pakistan - Banking & Finance

Pak forex figure $ 16.27307bn KARACHI: Total liquid foreign reserves of the country stood at dollars 16.27307 billion during the week ending on March 13, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said that the foreign reserves held by State Bank amounted to dollars 11.22601 billion and the net foreign reserves by other banks were dollars 5.04706 billion.During the week, SBP's liquid foreign exchange reserves decreased by dollars 46 million to dollars 11.226 billion compared to dollars 11.272 billion of the previous week. Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

Agri credit disbursement surges to Rs 288.7bn in 8 months KARACHI: During first eight months of current fiscal year (July-Feb. 2015) the banks have disbursed Rs 288.7 billion which is 57.8% of the overall annual target of Rs 500 billion and 32.3% higher than disbursement of Rs 218.3 billion made during the corresponding period last year.The outstanding portfolio of agriculture loans has increased by Rs 34.2 billion i.e. from Rs 273.4 billion to Rs 307.6 billion at end February 2015 as compared to same period ...

Pakistan - Banking & Finance

Pakistan net foreign investment fall 3.8pc in July-February KARACHI: Pakistan received $615.5 million in foreign direct investment in the first eight months (July-February) of the 2014/15 fiscal year, compared with $640.1 million received during the same period a year earlier.Foreign direct investment fell 3.8 percent during July-February, according to the State Bank of Pakistan.In February 2015, foreign direct investment was $74.9 million. Net foreign direct investment in the fiscal year of 2013/14, which ended in June, was $1.667.6 billion.Copyright Reuters, 2015 ...

Pakistan - Banking & Finance

SBP to issue Rs 20 commemorative coin on centenary celebrations KARACHI: State Bank of Pakistan will issue Rs 20 commemorative coin on completion of 100 years of Islamia College, Peshawar. These coins will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from March 16 to comply with Government of Pakistan's decision, said a SBP statement here on Friday.The coin weighs 12 grams with 75 % copper and 25% nickel. Its shape is round with a diameter of ...

Pakistan - Banking & Finance

SBP injects Rs772.95bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 772.95 billion into market for seven days through its open market operation (OMO). The rate of return accepted is 8 percent, said a SBP release.Copyright APP (Associated Press of Pakistan), 2015 ...

Pakistan - Banking & Finance

Pak forex surge to $16.28402bn KARACHI: Total liquid foreign reserves of the country increased to dollars 16.28402 billion during the week ending on March 6, from the figure of $16.13606 billion, said State Bank of Pakistan (SBP). According to SBP statement here on Thursday, the foreign reserves held by State Bank amounted $11.27109 billion and the net foreign reserves with other banks were of $ 5.01203 billion. During the week, SBP's liquid foreign reserves increased by $ 65 million to ...

Pakistan - Banking & Finance

Workers' remittances rise 14.6pc to $11,750.50bn in first eight months of FY15 ISLAMABAD: Overseas Pakistani workers remitted $11,750.50 million in first eight months (July to February) of FY15, showing an impressive growth of 14.6 percent compared with $10,248.17 million received during the same period of FY14.A statement issued by the State Bank of Pakistan (SBP) Tuesday, during February 2015, the inflow of worker's remittances amounted to $1,391.69 million, which is 1.06% higher than January 2015 and 15.04% higher than February 2014.The country wise details for the month ...