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IDB provides Euro 1.27bn in loans for Iran wastewater projects  ISLAMABAD: The Islamic Development Bank (IDB) has allocated Euro 1.27 billion in loans to Iran for implementing a number of wastewater projects, Iranian National Water and Wastewater Company Deputy Director Hossein Bonakdari said.   The loan has been provided according to a deal for a period of three years, he said, adding that three projects are underway which have been financed by the IDB loans, the Fars News Agency reported.   Meanwhile, Tehran Water and Wastewater Company Managing Director Mohammad Parvaresh said that the IDB will provide a Euro 273 million loan by November 21 to carry out related projects.   He added that 50 trillion rials (about ?3.2 billion) is needed to fully implement the projects.   Copyright APP (Associated Press of Pakistan), 2012 ...

SBP injects Rs546,400mn into market KARACHI: State Bank of Pakistan on Friday injected Rs546,400 million for seven days through its reverse repo open market operation in Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds.   The bids offered were of Rs547,200 million. Of these, Rs546,400 million bids were accepted and the rate of return is 9.01 percent , SBP release said here.   Copyright APP (Associated Press of Pakistan), 2012 ...
‘SBP to make arrangement for sale of Students bonds’  RECORDER REPORT KARACHI: The State Bank of Pakistan (SBP) will make special arrangements for the sale of Students Welfare Prize Bonds, managing director of the central bank’s banking Service Corporation Aftab Mustafa Khan said on Thursday during the prize bond’s launching ceremony held here.   This is for the first time that a special investment instrument had been launched for Students by the Central Directorate of National Savings (CDNS).   The directorate has set a target of attracting an investment ...
SBP to buy govt paper in reverse repo  KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in seven-day reverse repo to inject funds into the money market.   SBP did not say how much money it would inject through the open market operation.   The result of the auction will be announced at 10:30 a.m. (0530 GMT) and settlement will be later in the day.   Copyright Reuters, 2012 ...
SBP regulatory role in microfinance, branchless banking recognized  ISLAMABAD: The State Bank of Pakistan (SBP) has gained international recognition for its regulatory role in microfinance and branchless banking by creating an enabling environment for their development in the country.   A statement issued by the Bank on Thursday said that the Financial Times and the World Bank have praised SBP for its innovative approaches in expanding the access to financial services for the unbanked and underserved population of the country.   An article published in Financial Times ...
Prize bond worth Rs100 will be issued on Friday BAHAWALPUR: Finance Department Government of Punjab will issue prize bonds of worth Rs100 Friday.   According to the Regional Director National Savings Jahangir Shahid, first draw for the prize bonds would be held on February 15, 2013 while sale of these bonds would start from December 14, 2012.   He said first prize of the bond will be of Rs0.7 million, three would be second prizes of Rs0.2 million and 1199 third prizes of Rs1000 each.   VC Islamia University of ...
SBP  gains international recognition KARACHI: State Bank of Pakistan (SBP) has gained international recognition for its regulatory role in microfinance and branchless banking by creating an enabling environment for their development in Pakistan.   The world-renowned newspaper, Financial Times and the World Bank have praised SBP for its innovative approaches in expanding the access to financial services for the unbanked and underserved population of the country, a SBP release said Thursday.   An article published in Financial Times on November 06 says: ‘Pakistan ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln