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KARACHI: State bank of Pakistan (SBP) said it would buy government paper from commercial banks on Monday in a 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 1030 a.m. (0530 GMT) and settlement will be later in the day. Copyright Reuters, 2012 ...

Foreign exchange reserves flat at $16.39 billion  KARACHI: Pakistan's foreign exchange reserves were $16.39 billion in the week ended March 16, unchanged from the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $11.67 billion from $11.86 billion a week earlier, while those held by commercial banks rose to $4.72 billion, compared with $4.53 billion the previous week. Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of ...
Agri credit disbursement surges by 19pc to Rs 172.563 billion KARACHI: Agricultural credit disbursement by banks surged by 19 percent on year-on-year basis to Rs 172.563 billion in the first eight months (July-February) of the current fiscal year. According to SBP data released here Wednesday, disbursement of credit to the agriculture sector in absolute term has increased by over Rs 27.124 billion in July-February, 2012 when compared with total disbursement of Rs 145.439 billion in the same period of the last fiscal year. Overall credit disbursement by ...
SBP allows The Bank of Tokyo-Mitsubishi to work as NMI     KARACHI: The State Bank of Pakistan (SBP) has allowed The Bank of Tokyo-Mitsubishi UFJ, Ltd. to conduct derivatives business (foreign exchange options only) as Non-Market Maker Financial Institution (NMI). According to DMMD Circular No.05 of March 21, 2012, issue here Wednesday, six banks including Citibank, Deutsche Bank, Faysal Bank Limited, Habib Bank Limited, Standard Chartered Bank (Pakistan) Limited and United Bank Limited were already allowed to conduct financial derivatives business as Authorized Derivatives Dealers (ADDs) in ...
SBP allows MFBs to extend Rs0.5mn lending  RECORDER REPORT KARACHI: The State Bank of Pakistan (SBP) has decided to allow Microfinance Banks (MFBs) to lend micro-enterprises any amount up to Rs500,000. This decision of SBP will help address the credit needs of a large micro-enterprise market which has traditionally remained unbanked, and will also provide an opportunity to microfinance banks to upscale their credit operations. Earlier, MFBs were allowed to lend up to Rs150,000 for general purpose loans to individuals. With a view ...
SBP aims to provide basic banking services     KARACHI: The Governor of the State Bank of Pakistan, Yaseen Anwar, has said the central bank aims to provide basic banking services to every adult and bankable citizen in Pakistan. `As a large portion of our population has access to mobile phones, we feel that if a workable partnership between the banking and telecom sectors continues, we shall see our dreams come true', he added. Delivering his keynote address at the 5th International Conference on Mobile Banking ...
October-December 2011: Branchless banking network expanded by 16pc  RECORDER REPORT KARACHI: The Branchless Banking (BB) network in Pakistan expanded by 16 percent in the second quarter (October- December 2011) of the current fiscal year (2011-12) to reach 22,512 agents covering the entire length and breadth of the country, says State Bank's Branchless Banking Newsletter released. According to the State Bank of Pakistan, the number of Branchless Banking accounts increased by 40 percent to 929,184 in October- December 2011 period as compared to the previous quarter. ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln