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Banking & Finance


SBP to buy govt paper in reverse repo KARACHI: State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in a seven-day reverse repo to inject funds into the money market.   The State Bank of Pakistan did not say how much money it would inject through the open market operation.   Copyright Reuters, 2013 ...

Pakistan liquid foreign reserves figure $ 13,558bn  KARACHI: Total foreign reserves of the country stood at dollars 13,555 billion on January 04, 2013.   According to a statement issued by State Bank of Pakistan (SBP) here on Thursday, the foreign reserves held by State Bank amounted dollars 8,769 billion and the net foreign reserves held by banks other than SBP were dollars 4,789 billion.   Copyright APP (Associated Press of Pakistan), 2013 ...
BoK opens Rast Islamic branch in Dargai  PESHAWAR: Bank of Khyber (BoK) a branch of Rast Islamic Banking in Dargai, Malakand Agency to provide better Islamic and conventional banking facilities to the people of the area.   Khyber Pakhtunkhwa Minister for Finance, Engineer Hamayun Khan, who was chief guest on the occasion, inaugurated the branch in an impressive ceremony on Wednesday.   Besides, local MPA Syed Mohammad Ali Bacha, Managing Director, BoK, Bilal Mustafa and Executive Director, Javed Hashmat, Group Head, Islamic Banking.   Kamran Masood Khan, Group ...
SBP advice to IBIs on launching of new products  KARACHI: The State Bank of Pakistan (SBP) has advised the Islamic Banking Institutions (IBIs) to submit to its Islamic Banking Department (IBD) the salient features, product structure, process flow and underlying agreement(s) of the products and services along with certificate from their Shariah Advisers at least 30 days before the proposed launch of new products and/or services.   This was stated in IBD Circular Letter No. 02 issued on Friday, says SBP statement issued here.   Copyright APP (Associated ...
Forex reserves stand at over US$ 13 billion  ISLAMABAD: Pakistan's total liquid foreign reserves as on December 28 stood at $13,808.1 million, said SBP on Thursday.   The State Bank of Pakistan (SBP), in a statement, said the foreign reserves held by the SBP were $ 9,009.4 million and by other banks $ 4,798.7 million.   Copyright APP (Associated Press of Pakistan), 2013 ...
E-Banking transactions grow by 15pc in first quarter of FY13  ISLAMABAD: The volume and value of e-banking transactions depicted a growth of 15 percent to 74.87 million and by 5 percent to Rs. 6.5 trillion respectively during the first quarter of financial year 2012-13 as compared same period of last year.   According to State Bank's Payment Systems Review released on Wednesday, 242 more Automated Teller Machines (ATMs) were installed by banks bringing the total number of ATMs in the country to 5,987.   ATM transactions have a major ...
Online registration opens for ADB ISLAMABAD: The Asian Development Bank (ADB) has opened online media registration for the 46th Annual Meeting of ADB's Board of Governors which would be held at the India Expo Mart Limited in Greater Noida, about 50 km outside Delhi, India from May 2-5, 2013.   According to ADB press statement received here, online media registration will remain open till April 20, 2013.   The theme of the 2013 Annual Meeting is development through empowerment.   Seminars will discuss ideas for financing ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln