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ISLAMABAD: Khushhalibank, after unsung success story of microfinancing, has worked out new strategy to embark on short and medium term financing in the new fiscal calendar to realize multi-pronged grails of fostering economic activities, supporting the poor and addressing unemployment problem. Notwithstanding slew of economic odds, emanated from international economic recession, the bank unabatedly continued pursuing the roadmap of microfinancing in an effective manner, said President Khushhalibank Ghlaib Nishtar in an interview with APP. International Financial Institutions reposed its confidence by witnessing landmark inroads by the bank in the microfinancing in Pakistan. Khushhalibank is believed to serve as role model for other institutions by securing accolades of international financial institutions for its microfinancing programme. The favorable EIU ranking is fast making Pakistan an attractive destination for FDI and "we see greater participation in microfinance Institutions from Investors across the globe", he pleaded. This bodes well for the microfinance Industry as not only will this create ...

KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds on Monday injected Rs 116.350 billion in the banking system. According to SBP here Friday, the offered amount was Rs 121.850 billion while the rate of return stood at 11.58 percent per annum. Copyright APP (Associated Press of Pakistan), 2012 ...
KARACHI: Country's foreign exchange reserves have improved by $ 13 million to around $ 16.435 billion as on April 27, 2012. According State Bank of Pakistan here Thursday, the foreign exchange reserves held by the Central Bank increased to about $ 12.070 billion while reserves held by banks also dropped to $ 4.365 billion during the week.   Copyright APP (Associated Press of Pakistan), 2012   ...
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Centre for Dispute Resolution (KCDR) have discussed the possibility for future cooperation between the two organizations. Accroding to a statement issued here Tuesday the Chairman of SECP, Muhammad Ali, visited the KCDR in this connection and was welcomed by the President KCDR, Justice (Retd.) Saiduzzaman Siddiqui, Anwar Mansoor, Vice President KCDR, Moin Fudda, member Board of Governor KCDR and Director KCDR, Dr. Zafar Ahmed ...
KARACHI: National Bank of Pakistan (NBP) has converted its 1,250th branch online out of its countrywide network of 1270 branches. According to NBP here Monday, with 98 percent branch network going online, people living in such remote areas will benefit the most from this achievement. While appreciating the effort, president, NBP Qamar Hussain said that back in June 2011, NBP had only 250 branches online and it required a very industrious effort to bring that number to ...
KARACHI: Silkbank Ltd has reported a higher profit after tax of Rs107.271 million during the first quarter ending March 31, 2012. According to financial results of the bank sent to KSE here Friday, the pre-tax profit of the company surged to Rs172.189 million during the period under review compared to Rs156.909 million in the same period last year.  Copyright APP (Associated Press of Pakistan), 2012   ...
KARACHI: Pakistan's foreign exchange reserves fell to $16.42 billion in the week ending April 20, from $16.6 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $11.92 billion from $11.97 billion a week earlier, while those held by commercial banks fell to $4.50 billion from $4.63 billion. Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of $411 million, ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln