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Workers remittances rise by 12.37pc at $ 14.33bn in 11 months KARACHI: Overseas Pakistani workers remitted an amount of $ 14.332097 billion in the first eleven months (July- May) of the current fiscal year. This shows a growth of 12.37 percent when compared with $ 12.755037 billion received during the same period of FY13, said SBP press release here on Wednesday. The inflow of remittances in July - May FY14 from Saudi Arabia, UAE,USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman),and EU countries amounted to $ 4,257.50 million, $ 2,813.80 million, $ 2,241.80 million, $ 1,979.32 million, $ 1,691.41 million and $ 394.37 million respectively as compared with the inflow of $ 3,751.55 million, $ 2,531.57 million, $ 2,006.28 million, $ 1,774.07 million, $ 1,469.70 million and $ 326.34 million respectively in July - May FY13.Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first eleven months of current fiscal year amounted to $ ...

SBP revises regulations for micro-finance banks KARACHI: State Bank of Pakistan (SBP) has issued revised prudential regulations (PRs) for micro-finance banks (MFBs) to further improve their governance structure, consumer protection practices and anti-money laundering (AML) policies. Presently , ten MFBs are providing basic financial services to the poor and low-income people in the country. These MFBs are well-capitalized and owned by diverse and strong sponsors, said SBP release here on Tuesday.The revised regulations will enable these MFBs to prudently manage their ...
SBP renews status of credit rating agencies KARACHI: State Bank of Pakistan (SBP) has renewed the status of both the credit rating agencies operating in the country as eligible /recognized external credit assessment institutions (ECAIs) for the calendar year 2014.These agencies are JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited ( PACRA), said SBP press release here on Tuesday.Banks / DFIs using the standardized approach of Basel II are allowed to use credit rating assigned by these recognized ...
SBP reminds public to exchange of decimal coins of Paisa 1,2,5,10,25 & 50 ISLAMABAD: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial/microfinance banks branches by last working day of September 30, 2014For awareness of general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at visible places of their branches for exchange of decimal coins, a statement of the Central Bank issued on Tuesday said.It ...
SBP injects Rs 17,500mn into market KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs 17,500 million into market for four days during its open market operation (OMO). The bids received for the 4-day injection amounted to Rs 29,500 million and the rate of return will be 9.91 percent , said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...
Pakistan Post receives Rs7,451.4mn remittances ISLAMABAD: Pakistan Post received the foreign remittances amounting to US$64.9 million dollars equivalent to Rs7,451.4 million during the first nine months July-March 2013-14 of current fiscal year.According to Economic Survey, Pakistan Post also received an amount of Rs35.5 million during the period July-Feb 2013-14 on account of terminal dues for imbalance of international mails received from and dispatched to other countries.Pakistan Post dispatched more volume of mail than it receives for delivery. Thus it always ...
SBP injects Rs64.700mn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 64, 700 million into the market during its open market operation (OMO).The injection is for seven days and the rate of return is 9.9 percent, said SBP release.Copyright APP (Associated Press of Pakistan), 2014 ...


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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