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Banking & Finance

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Summit Bank to install ATM at KPC  RECORDER REPORT KARACHI: Summit Bank Limited will install Automated Teller Machine (ATM) at Karachi Press Club to facilitate journalists. An agreement between Summit Bank and KPC was signed here on Monday. ...

HBL crosses Rs1trn in deposits  KARACHI: Habib Bank Limited HBL, Pakistan's largest banking network, became first Pakistani bank to cross Rs.1 trillion mark in deposits. Bank grew domestic deposits by 18.6pc from year end. HBL Friday announced financial results for half year ended 30 June 2012 in Board of Directors meeting. After tax profit grew by 18.58pc to Rs. 11.86 billion and earning per share stood at Rs. 9.68 as against Rs. 9.00 for corresponding period last year. Bank declared interim cash dividend ...
SBP injects Rs 416.100bn  KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation (7 days) in treasury bills and Pakistan Investment Bonds has injected Rs 416.100 billion in the banking system. According to SBP here Friday, the offered amount was Rs 416.100 billion while the rate of return declined to 11.50 percent per annum. Copyright APP (Associated Press of Pakistan), 2012 ...
SBP to buy govt paper KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in a 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. Copyright Reuters, 2012 ...
SBI is now an attached department of Finance Dept KARACHI: Sindh Board of Investment (SBI) has become an attached department of Finance Department and its previous projects will continue uninterrupted. This was stated by Naveed Kamran Baloch, Secretary Finance, Government of Sindh while clarifying the ambiguities about the alleged disbandment of SBI here Thursday. He further explained that Sindh Board of Investment and Sindh Enterprises Development Fund as constituted by the Government of Sindh shall keep on working under their defined mandates. SBI was upgraded and given ...
NBP collaborates with UAE group for fast remittance transfer  KARACHI: National Bank of Pakistan has joined hands with Al Rostamani International Exchange (ARIE) of UAE for fast transfer of home remittances from Pakistanis working in United Arab Emirate (UAE). According to NBP here Thursday, ARIE is one of the largest, most reputed and reliable exchange company in the UAE have launched NBP Foree Cash and NBP Foree Transfer remittance services in the Emirates. Khalid Bin Shaheen SEVP/Group Chief NBP and chairman NBP Exchange Co said the ...
Bank holiday on Independence Day August 14, 2012 KARACHI: State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices will remain closed on Tuesday August 14, 2012 being Public Holiday declared by the government on Independence Day, SBP press release said Thursday. Copyright PPI (Pakistan Press International), 2012 ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln