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KARACHI: National Bank of Pakistan (NBP) has converted its 1,250th branch online out of its countrywide network of 1270 branches. According to NBP here Monday, with 98 percent branch network going online, people living in such remote areas will benefit the most from this achievement. While appreciating the effort, president, NBP Qamar Hussain said that back in June 2011, NBP had only 250 branches online and it required a very industrious effort to bring that number to 1,250. Now NBP's customers living rural and urban areas of the country will be able to benefit from online services alike, he noted. Copyright APP (Associated Press of Pakistan), 2012 ...

KARACHI: Silkbank Ltd has reported a higher profit after tax of Rs107.271 million during the first quarter ending March 31, 2012. According to financial results of the bank sent to KSE here Friday, the pre-tax profit of the company surged to Rs172.189 million during the period under review compared to Rs156.909 million in the same period last year.  Copyright APP (Associated Press of Pakistan), 2012   ...
KARACHI: Pakistan's foreign exchange reserves fell to $16.42 billion in the week ending April 20, from $16.6 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $11.92 billion from $11.97 billion a week earlier, while those held by commercial banks fell to $4.50 billion from $4.63 billion. Foreign exchange reserves hit a record $18.31 billion in July last year, boosted by inflows of $411 million, ...
ISLAMABAD: The Asian Development Bank (ADB) and the OPEC Fund for International Development (OFID), signed a framework co-financing agreement to fund joint projects tackling Asia and the Pacific's pressing public sector needs. Under the agreement, ADB and OFID would invest in existing and new projects expected to help promote development in the energy, water supply and sanitation, education, transport, agriculture, and health sectors, according to OFID press statement received here on Monday. Commenting at the signing ceremony, ...
ISLAMABAD: Agricultural credit disbursement by banks surged by 17 percent on year-on-year basis to Rs 197.361 billion in the first nine months (July-March) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 28.674 billion in July-March, 2012 when compared with total disbursement of Rs 168.687 billion in the same period of the last fiscal year, State Bank of Pakistan (SBP) sources told APP. According to the ...
RECORDER REPORT KARACHI: The State Bank of Pakistan has announced to renew the licences of Exchange Companies (ECs) on the bases of “Compliant” and only ‘Fully Complaint’ EC will be eligible for renewal of licence for a period of three years. The State Bank has decided to amend its instructions relating to renewal of licences of Exchange Companies (ECs). Under the revised instructions, the licences of the ECs will be renewed as per the following criteria: a. Licences ...
KARACHI: The financial year 2011 proved to be a year of record performance for First Women Bank Limited (FWBL) as bank posted a pre-tax profit of Rs.400 million. A statement here on Thursday said that the total deposits of the bank increased from Rs.10,195 million to Rs.13,815 million while total advances portfolio reached the height position of Rs.7,901 million. It said that addressing the annual conference of the FWBL in Karachi, Shafqat Sultana, President and chief executive ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln