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SBP makes arrangements to issue fresh notes before Eid-ul-Azha  RECORDER REPORT KARACHI: With a view to facilitating the general public in obtaining fresh currency notes before Eid-ul-Azha, the State Bank of Pakistan (SBP) has decided that all field offices of SBP Banking Services Corporation (BSC) and over 10,000 branches of all commercial banks throughout the country will issue fresh currency notes during the current month.   For this purpose, the SBP BSC has made elaborate arrangements for the supply of adequate quantity of fresh currency notes particularly of small denominations (Rs. 10 & Rs. 20) to commercial banks, depending upon their branch network.   The field offices of SBP BSC will start issuing one packet each of Rs. 10 and Rs. 20 denomination fresh currency notes per person from October 11 (today) while branches of all commercial banks will issue fresh notes to the visiting general public/account holders from October 15, 2012 till the last working day before Eid-ul-Azha on production of original Computerized ...

State Bank facilitates public in obtaining fresh notes  KARACHI: State Bank of Pakistan (SBP) has decided that all field offices of SBP Banking Services Corporation (BSC) and over 10,000 branches of all commercial banks in the country will issue fresh currency notes from their counters during the current month.   SBP has taken this step to facilitate the general public in obtaining fresh currency notes before Eid-ul-Azha, said a SBP release here on Wednesday.   For this purpose, the SBP Banking Services Corporation (SBP BSC) has made ...
CDNS launching students bonds next month to promote saving culture ISLAMABAD: The Central Directorate National Savings (CDNS) is all set to launch student prize bonds of Rs.100 denomination by mid of next month with an aim to promote saving culture among young generation of the country.   "The Directorate has made all necessary arrangements for launching the prize bond on November 15, to inculcate habit of thrift among people particularly, the students," a CDNS official told APP here Wednesday.   He was of the view that the overall saving ...
SBP to achieve the desired goal of `Banking for All KARACHI: Deputy Governor, State Bank of Pakistan (SBP), Kazi Abdul Muktadir, has expressed the resolve to provide banking services to all segments of the society.   Addressing the journalists during his visit to Karachi Press Club (KPC) on Tuesday, he said that with the concerted efforts of all, we will be able to achieve the desired goal of `Banking for All'.   Emphasizing the need for an efficient and thriving banking system, he said that the State Bank is ...
Rs 383.7mn ordered to meet PARC budget shortfall: Chairman ISLAMABAD: Chairman of the Pakistan Agriculture Research Council (PARC) Dr Iftikhar Ahmed on Saturday said that the Finance Ministry had been directed to release Rs 383.7 million to the Council immediately to meet its budget shortfall.   The PARC Chairman, while talking to APP, said that the directive was issued by Prime Minister Raja Pervez Ashraf after he apprised him of the financial crunch being faced by the Council, during a recent meeting.   He said that he told ...
Daily minimum CRR limit reduced to 3pc  RECORDER REPORT KARACHI: The State Bank of Pakistan has provided more flexibility to bank treasuries to drop the condition of daily Cash Reserve Ratio (CRR) to 3 percent instead of 4 percent, while maintaining average CRR of 5 percent over a two-week period instead of one-week period.   Two circulars have been  issued by SBP in this regard on Friday. Around Rs 5.1 trillion are held in Time and Demand Liabilities (TDLs) as the consequence of SBP fresh ...
Overnight liquidity borrowing: SBP signals its penalty intent  RECORDER REPORT KARACHI: Frowning upon the banks’ frequent recourse to central bank’s window to borrow overnight liquidity, the SBP has signalled that it will charge an extra 50 basis points (bps) from banks that approach  discount window above seven times in a quarter. This move expected to discourage weak banks and DFIs, which are extensively borrowing from the SBP and subsequently investing those funds in the purchase of government securities.   This practice has forced the SBP to ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln