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Banking & Finance


SBP to buy govt paper in reverse 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 ...

SBP Governor calls on regional central bankers go beyond text book approaches to tackle economic problems ISLAMABAD: Governor, State Bank of Pakistan Yaseen Anwar Thursday called on regional central bankers to fully understand nature of their economies and go beyond text book approaches to tackle today's economic problems. Inaugurating three-day SAARC Finance Regional Seminar on Monetary Policy Frameworks in SAARC Region at National Institute of Banking & Finance NIBAF, Islamabad, he asked them to check validity of basic assumptions while developing models for economic forecasts in view of possibility of breakdown in ...
SBP set to introduce TUFS to facilitate textile industry  RECORDER REPORT LAHORE: State Bank of Pakistan (SBP) is set to introduce the Technology Up-gradation Fund Scheme (TUFS) of Ministry of Textile Industry this week to facilitate textile industry for further investment in the country. Reliable sources said some positive developments are underway to promote industrial investment in the country. According to this facility, the federal government would reimburse 50 percent of markup subject to a maximum of 5 percentage point per annum, whichever is less for ...
ZTBL announces rate of returns on different deposits ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) in a statement issued here has declared the following rates of return on different types of deposits effective from May 1, 2012. ====================================================================       Type of Deposits                             Return Rates      1.    PLS Saving Accounts                          6.00% p.a 2.    Business Deposit Accounts                    6.00% p.a 3.    PLS Terms Deposits       a)   03 Months                               6.10% p.a       b)   06 Months                               6.20% p.a       c)   12 Months                               6.30% p.a       d)   24 Months                               6.60% p.a       e)   36 Months                               6.80% p.a       f)   48 Months                               7.10% ...
PFD issues Rs.11.98mn for literacy BAHAWALPUR: Punjab Finance Department (PFD) has issued a supplementary grant of more than Rs. 11.98 million to the district governments of the division for literacy programme. Official sources told APP on Tuesday that Rs. 4.25 million were issued to Bahawalpur district, Rs. 4.21 million to Bahawalnagar and Rs. 3.52 million to Rahim Yar Khan district. An overall grant of more than Rs. 133.5 million was issued to 36 districts of the province, the sources said. Copyright APP (Associated ...
Banks urged to give top priority to SME banking  RECORDER REPORT KARACHI: The Governor, State Bank of Pakistan, Yaseen Anwar has stressed the banks to give top most priority to SME banking with a view to ensuring uninterrupted flow of financial access to SME sector in the country. Speaking at the signing ceremony of the Project Document between the State Bank of Pakistan and Bank Alfalah under the DFID-funded Financial Inclusion Programme (FIP) at SBP, Karachi on Monday, he said the role of banks, especially of ...
Workers RECORDER REPORT KARACHI: For the first time in the history of the country's inflow of home remittances has crossed $ 12 billion mark, crossing the last fiscal year record inflows of $ 11.2 billion. According to the State Bank of Pakistan overseas Pakistanis have sent an amount of $ 12.069 billion in the first eleven months (July 2011 - May 2012) of the current fiscal year 2011-12 (FY12), showing an impressive growth of 19.54 percent or $ ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln