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Refinance schemes valid till Dec 31, 2013: SBP  RECORDER REPORT KARACHI: The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Facility for Modernization of Small & Medium Enterprises (SMEs), Refinance Scheme for Revitalization of SMEs in Khyber Pakhtunkhawa (KP), Gilgit-Baltistan (GB) and the Federally Administered Tribal Area (Fata), Financing Facility for Storage of Agricultural Produce (FFSAP), and Agri.   Loans Refinancing & Guarantee Scheme for War Affected Areas of KP and Fata by one year. These facilities/schemes will now remain valid up to December 31, 2013.   Refinance limits already sanctioned in favour of selected banks/Development Financial Institutions (DFIs) under the abovementioned schemes/facilities will also continue to be available up to the expiry date of December 31, 2013, the State Bank announced in a series of circulars issued on Wednesday.   Banks/DFIs can also apply for enhancement of limits after utilisation of their existing limits. Further, other interested banks/Development Finance Institutions, may also apply to IH&SME Finance Department of SBP ...

SBP Deputy Governor at MF Forum: MFBs urged to emphasize on savings mobilization, cost reduction  RECORDER REPORT KARACHI: The Deputy Governor, State Bank of Pakistan (SBP), Kazi Abdul Muktadir on Wednesday urged Micro Finance Banks (MFBs) to emphasize on savings mobilization and cost reduction by developing new strategies & infrastructure such as branchless banking.    Inaugurating the 6th Pakistan Microfinance Country Forum, Kazi said that despite several successes in microfinance and branchless banking, financial exclusion is still very high as currently, microcredit is reaching only 2.3 million borrowers which are less than 10 ...
Rs 632 million for MFBs/MFIs: Kazi Abdul Muktadir  ISLAMABAD: Deputy Governor, State Bank of Pakistan (SBP), Kazi Abdul Muktadir said on Wednesday that the International Strengthening Fund (ISF) has so far approved Rs. 632 million for 13 microfinance providers including top and middle tier Micro Finance Banks (MFBs) and Micro Finance Institutions (MFIs).   Inaugurating the 6th Pakistan Micro Finance Conference at a local hotel in Karachi, he said that under the ISF arrangements (a UK grant of 10 million British pounds facility), ISF has ...
WASA asks consumers to clear their outstanding dues HYDERABAD: The Water and Sanitation Agency (WASA) has advised the consumers to clear their utility bills by December 14 to avoid disconnection of their water supplies.   The WASA spokesman Nadeem Yousuf informed here on Wednesday that the agency was strictly implementing its recovery campaign due to the financial stringencies it has been encoutering since the last year.   He stressed that without the cooperation of the consumers the WASA would be unable to carry out the water supply ...
SMEs, agri activities in flood-hit areas: SBP extends refinance scheme for revival  RECORDER REPORT KARACHI: The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Scheme for Revival of SMEs and Agricultural Activities in the flood-affected areas by one year i.e. from November 30, 2012 to November 30, 2013.   Refinance limits already sanctioned in favour of selected banks under this Scheme will also continue to be available up-to November 30, 2013, said SBP’s IH&SMEFD Circular No.13 issued on Monday.   Banks/Development Finance Institutions (DFIs) can also apply ...
Rs70.5mn Zakat funds released to health welfare committees RATODERO: The government of Sindh has released Rs70.5 million from the provincial Zakat fund to the health welfare committees in the province.   The amount has been released 20 national level health institutions of Sindh being the first instalment of Zakat for the year 2012-13.   The distribution of the Zakat amount is not equal amongst health institutions.   The Health Welfare Committee of Layton Rehmatullah Benevolent Trust Karachi is granted Rs60,00,000, while the health welfare committee of Chandka Medical College ...
Pakistan has best regulatory environment for microfinance ISLAMABAD: Pakistan has one of the best regulatory environments in the world for microfinance and one of the fastest-growing microfinance sectors with 3m borrowers.   The country is also one of the most innovative places in the world for mobile banking services, partly due to the State Bank of Pakistan's moves to encourage the market, according to an article recently carried by The Financial Times.   About 1.5m customers make about 30m transactions a quarter through mobiles, using a ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln