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Banking & Finance


Bonds draw to be held on Dec 17 BAHAWALPUR: The 52 draw for the prize bonds of worth Rs200 will be held in Peshawar on December 17.   According to sources of National Saving here, first prize of this prize bond is Rs750,000; three prizes of Rs250,000 and 2394 prizes of Rs1250 each.   Copyright APP (Associated Press of Pakistan), 2012 ...

Farmers appeal withdrawal of taxes on agri tube well ISLAMABAD: Representative of Pakistan Kissan Ittehad (PKI) Punjab Action Committee has appealed the government to withdraw various taxes imposed on agriculture tube well.   Addressing a press conference here at National Press Club, President of Kissan Ittehad Chaudhry Muhammad Anwar said that flat rate of Rs6,000 as fixed for Balochistan should be fixed for Punjab as well.   Secretary Muhammad Aslam, Legal Advisor Muhammad Fayyaz Advocate High Court and Central Leader Action Committee Malik Zulfiqar Hussain Awan were also ...
Monetary policy to be announced on December 14 KARACHI: The State Bank of Pakistan (SBP) will announce the monetary policy on December 14.   This was stated by the Chief Spokesman of the Central Bank, Wasimuddin, here on Tuesday.   Copyright APP (Associated Press of Pakistan), 2012 ...
NBP committed to providing financial services to all: Adil  RECORDER REPORT KARACHI: National Bank of Pakistan (NBP) is committed to provide financial services to all segment of the society, particularly the most disadvantaged and left over population, said Adnan Adil Hussain, Senior Vice President & Head Consumer & Retail Banking Division, NBP.   Addressing a press conference here on Monday, he said that despite numerous challenges, the NBP’s performance stood out during the last 5 years as its products and strategies were primarily based around national priorities ...
Refinance schemes valid till Dec 31, 2013: SBP  RECORDER REPORT KARACHI: The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Facility for Modernization of Small & Medium Enterprises (SMEs), Refinance Scheme for Revitalization of SMEs in Khyber Pakhtunkhawa (KP), Gilgit-Baltistan (GB) and the Federally Administered Tribal Area (Fata), Financing Facility for Storage of Agricultural Produce (FFSAP), and Agri.   Loans Refinancing & Guarantee Scheme for War Affected Areas of KP and Fata by one year. These facilities/schemes will now remain valid ...
SBP Deputy Governor at MF Forum: MFBs urged to emphasize on savings mobilization, cost reduction  RECORDER REPORT KARACHI: The Deputy Governor, State Bank of Pakistan (SBP), Kazi Abdul Muktadir on Wednesday urged Micro Finance Banks (MFBs) to emphasize on savings mobilization and cost reduction by developing new strategies & infrastructure such as branchless banking.    Inaugurating the 6th Pakistan Microfinance Country Forum, Kazi said that despite several successes in microfinance and branchless banking, financial exclusion is still very high as currently, microcredit is reaching only 2.3 million borrowers which are less than 10 ...
Rs 632 million for MFBs/MFIs: Kazi Abdul Muktadir  ISLAMABAD: Deputy Governor, State Bank of Pakistan (SBP), Kazi Abdul Muktadir said on Wednesday that the International Strengthening Fund (ISF) has so far approved Rs. 632 million for 13 microfinance providers including top and middle tier Micro Finance Banks (MFBs) and Micro Finance Institutions (MFIs).   Inaugurating the 6th Pakistan Micro Finance Conference at a local hotel in Karachi, he said that under the ISF arrangements (a UK grant of 10 million British pounds facility), ISF has ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln