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Banking & Finance


RECORDER REPORT KARACHI: SBP Banking Services Corporation and all its field offices will remain open on Thursday (May 31) till 10 p.m. to facilitate tax collection. National Institutional Facilitation Technologies (NIFT) will also remain open today till 7.00 p.m. for clearing. In order to facilitate collection of taxes, banks have been advised by the State Bank to open such branches and other offices on May 31 till 8.00 p.m. that are necessary to facilitate aforesaid NIFT clearings on the same date, according to a circular letter issued to all banks by SBP on Wednesday. ...

HBL eyes Citibank Pakistan KARACHI: Habib Bank Ltd has decided to conduct due diligence of consumer business portfolio of Citibank Pakistan comprising of its credit card business, personal and auto loans. In a communique sent to KSE here Wednesday, HBL said that the due diligence will be undertaken with the approval of State Bank of Pakistan. Copyright APP (Associated Press of Pakistan), 2012 ...
KARACHI: The First Women Bank Limited (FWBL) has started imparting training under its gender equity programme. A spokesperson of the Bank said here on Wednesday that the training is being conducted simultaneously in Karachi and Lahore by the Business Development and Training Centres (BD & TC) of the FWBL. The training is being imparted to women in the areas of fashion Designing and Food Production. It was pointed out that to provide quality training to women FWBL Business ...
KARACHI: e volume and value of overall e-banking transactions in the country have surged by 5.9 and 6.47 percent to reach 70.9 million and Rs 6.871 trillion respectively during the third quarter of the current fiscal year (FY12) compared to the preceding quarter. According to State Bank of Pakistan's Payment Systems Quarterly Review for the 3rd Quarter of FY12 released here Tuesday, the payment systems infrastructure in Pakistan continued to show an upward growth trend as ...
ISLAMABAD: PPP-led coalition government will announce the Federal Budget for fiscal year 2012-13 on June 1, 2012 Friday in the National Assembly setting a record of presenting five budgets. Finance Minister Dr. Abdul Hafeez Shaikh will present the budget which would be tax free, welfare oriented, provide one hundred thousand new jobs, power generation and relief to common man would be government's priority. Copyright PPI (Pakistan Press International), 2012 ...
ASMA RAZAQ ISLAMABAD: Pakistan has received $933 million from multilateral funds and $333.6 million from bilaterals against the total budgetary estimate of $4.5 billion five weeks before the end of the current fiscal year (2011-2012). According to documents obtained by this correspondent, Pakistan received foreign inflows worth $1.3 billion that are $3.2 billion (71 percent) less than the budgeted external resources inflow for 2011-12. Of the total received from the multilaterals, Pakistan received $547 million from the Asian ...
ISLAMABAD: The Federal Board of Revenue (FBR) has identified 119,870 non-filer salaried persons, drawing annual salary of more than 5 lacs. They were required to e-file their Returns of Income for tax year 2011 on e-portal of FBR but they did not discharge their legal obligation on this count. The information regarding these non filers has been disseminated by the Withholding Wing of FBR to its field formations for enforcing returns from them, according to FBR statement. Such ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln