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Pakistan ISLAMABAD: The total liquid foreign reserves held by the country stood at $ 14,389.8 million on October 19, 2012, a statement of the State Bank of Pakistan issued on Thursday said.   Giving the break-up of the foreign reserves position, the statement said that Foreign reserves held by the State Bank of Pakistan stood at $ 9,829.4 million while the Net foreign reserves held by banks (other than SBP) were recorded at $ 4,560.4 million as on October 19,2012.   "The total liquid foreign reserves stood at US $ 14,389.8 million", the statement added.   Copyright APP (Associated Press of Pakistan), 2012 ...

NIB Bank posts Rs628.219mn after tax loss  RECORDER REPORT KARACHI: NIB Bank has posted Rs 628.219 million as after tax loss in the nine month period ended September 30, as compared to after tax profit of Rs 195.704 million earned in the corresponding period in 2011.   The board of directors of the bank in its meeting held on Wednesday declared that the bank has posted Re 0.06 as per share loss in the period under review against earning per share of Re 0.04 in ...
NBP profit after tax increases  RECORDER REPORT KARACHI: The profit after tax of National Bank of Pakistan (NBP) has increased to Rs 11.810 billion in the nine month period ended September 30, 2012 as compared to Rs 11.402 billion earned in the corresponding period in 2011.   The board of directors of the company in its meeting held on Wednesday declared that the bank’s earning per share has increased to Rs 6.38 in the period under review against Rs 6.16 in the same period last ...
Banks to remain closed from October 26-29 on account of Eid ul Azha  ISLAMABAD: The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from October 26 to October 29,2012 (Friday to Monday) being Public Holidays declared by the Government of Pakistan on the occasion of EId-Ul-Azha.   A notification of the Central bank issued said.   Copyright APP (Associated Press of Pakistan), 2012 ...
SBP sets up customer facilitation centre for smooth functioning of ATMs  KARACHI: The State Bank of Pakistan Banking Services Corporation (SBP BSC) North Nazimabad, Karachi, has set up Customer Facilitation Centre to ensure smooth and uninterrupted functioning of Automated Teller Machines (ATMs) of commercial banks in the District Central, Karachi, especially during Eid-ul-Azha holidays.   A statement on Wednesday said that this Customer Facilitation Centre will operational from 9:00 a.m to 5:30 p.m on all working days, and will receive complaints from the general public regarding non- functioning ...
Auction of PIBs: SBP accepts bids worth over Rs25.38bn  RECORDER REPORT KARACHI: The State Bank of Pakistan on Wednesday auctioned of Pakistan Investment Bonds (PIBs) and accepted bids worth Rs25.384 billion with a realised amount of Rs25.953 billion.   SBP received total bids worth Rs71.284 billion for the sale of 3-, 5- and 10-year bonds. However, no bid was received for 20-year PIBs.   A cut-off yield of 10.3935 percent was set for 3-year PIBs with a realised amount of Rs16.828 billion. Bids worth Rs4.165 billion were accepted for ...
SBP to buy govt paper KARACHI: SBP said it would buy government paper from commercial banks on Tuesday in a seven-day reverse repo to inject funds into the money market.   The State Bank of Pakistan (SBP) did not say how much money it would inject through the open market operation.   Copyright Reuters, 2012 ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln