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BOK assets increased to Rs.68bn in 2011     PESHAWAR: The assets of Bank of Khyber (BOK) increased by Rs 68 Billion in 2011 showing growth of 35 percent over the assets of 2010, said Bilal Mustafa, Managing Director BOK while addressing 111th Board of Directors (BoD) meeting of the BoK here on Wednesday. The 111th BOK BoD was chaired by Attaullah Khan Additional Chief Secretary Government of Khyber Pakhtunkhwa and Chairman BoD. The Board also approved the BoK Accounts for the period ended 31st December 2011 and appreciated the efforts of the management of the bank for increasing the profitability as compared to the previous years. The Board appreciated efforts of the management on over all growth in all respective operational areas. The Board was informed that during 2011, the BoK advanced Rs 22 Billion, 22 percent higher then the year 2010 which was Rs.18 Billion, while during this period Bank posted record after-tax profit of Rs.872 Million showing increase of ...

Circulation of fake currency in Larkana villages RATODERO: Circulation of fake currency notes has increased manifold in all the major towns including villages of Larkana district. Sources at various bank branches in the district told PPI that at least six forged notes of 1000 denomination and one of 500 were detected in one of the bank branches in Naundero previous day. Sources said that each bank branch receives and detects more than 10 notes daily of different denominations including 100 and 50 most of ...
Meezan Bank to provide financing for `Dell KARACHI: Meezan Bank, Pakistan's first and largest Islamic bank, has joined hands with M/s. Unique Technologies for financing of `Dell' brand of laptop computers. A statement here on Monday said that this will be through Meezan Bank's Laptop financing product- Laptop Ease. It said that in this regard an MOU was signed by Arif ul Islam, COO of Meezan Bank and Asif Bukhari, CEO of Unique Technology here at Meezan Bank Head Office. Shahzad Aslam Khan, Country Head ...
BAFL posts profit of Rs.3.5bn in 2011 ISLAMABAD: Banking results continue to gather momentum as Bank Alfalah Limited (BAFL) posted profit of Rs3.5bn (EPS Rs2.6) in 2011, up 3.6x compared to Rs1bn (EPS Rs0.72) in the same period last year, says a press release issued here on Friday. Though the earnings remain below than market expectation due to heavy provisioning in 4Q2011, cash dividend of Rs1.75/share beat analyst forecast. Nonetheless, bank’s net income (NII) grew by impressive 36% to Rs18.6bn primarily due to higher ...
Foreign exchange reserves fall to $16.42 billion KARACHI: Pakistan's foreign exchange reserves fell to $16.42 billion in the week ended February 24 because of a repayment of an International Monetary Fund (IMF) loan, compared with $16.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $12.06 billion from $12.21 billion a week earlier, while those held by commercial banks also fell to $4.36 billion, compared with $4.43 billion the previous week. "This ...
Rs.1794.098bn currency notes in circulation LAHORE: The total number of currency notes in circulation across the country decreased to Rs 1794.098 billion, according to the latest report of the State Bank of Pakistan for the week ending on February 17. This compared to Rs.1798.987 billion notes in use for the week ending February 10. The fresh report says that the total number of notes issued were Rs.1,794,202,825,00 (Rupees one trillion, seven ninty four billion, two hundred and two million, eight hundred and ...
Faysal Bank KARACHI: The profit after tax of Faysal Bank Ltd has improved to Rs 1.280 billion for the year ending December 31, 2011. According to financial results of the bank despatched to Karachi Stock Exchange here Wednesday, the profit before tax has also jumped to Rs 1.478 billion as against Rs 827.054 million in 2009. The earning per share grew to Rs 1.55 during the period under review against last year's Rs 1.45. Copyright APP (Associated Press of ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln