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SBP injects Rs308 billion in open market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 308.150 billion into open money market for seven days during its open market operation.According to SBP statement here, out of 25 quotes offered for 7-days tenor which amounted Rs. 360,300 million, 14 quotes worth Rs. 308,150 million were accepted. The rate of return is 10.5 percent. Copyright APP (Associated Press of Pakistan), 2014 ...

State Bank issues shariah governance framework of IBIs KARACHI: State Bank of Pakistan (SBP) has issued a comprehensive shariah governance framework (SGF) to strengthen the overall shariah compliance environment in islamic banking institutions (IBIs). The framework, aimed at institutionalizing the shariah compliance function in IBIs, will be applicable from Oct. 01, 2014, said a SBP release here on Friday. It explicitly defines the roles and responsibilities of all organs of IBIs including their board of directors, executive management, shariah board, shariah compliance department ...
Balochistan budget to give relief to masses: Mandokhel QUETTA: Provincial Minister for Revenue, Excise and Taxation, Sheikh Jaffar Mandokhel has said that upcoming Balochistan Budget 2014-15 will provide relief to the people.In his statement issued here on Thursday, he said that the incumbent coalition government came in power after people voted for it in general elections and added therefore, it would put serious efforts to provide relief to the masses in annual Provincial Budget 2014-15.He said that upcoming budget focused on law and ...
Pak pays IMF installment of $109mn KARACHI: Pakistan paid 30th installment amounting to SDR 71 million equivalent to $ 109 million under IMF-SBA facility on Tuesday.According to SBP Spokesman here, with repayment of the current installment, Pakistan to-date has repaid to International Monetary Fund (IMF) SDRs 4,591 million equivalent dollars 7,010 million since July 2011. Of this amount, SDR 3,978 million equivalent $ 6,066 million was under SBA facility. After the current repayment, remaining amount due under IMF-SBA until Sept. 2015 ...
CDNS collects Rs.143bn out of Rs.280bn set target ISLAMABAD: Central Directorate of National Savings (CDNS) has collected Rs.143 billion during the first three quarters of the current fiscal year against the set saving target of Rs.180 billion set for the whole fiscal year."The assets of CDNS have reached to Rs.2600 billion, which is 26 percent of the total national saving of the country," Director General Saeed Ahmad Rana told APP .He said that the government has taken about 27 percent of its non-inflationary ...
SBP extends deadline for FICF proposals to April 25 KARACHI: State Bank of Pakistan has extended the deadline up to April 25 for submission of proposals under financial innovation challenge fund's (FICF) 2nd challenge round on " promoting rural and agricultural finance in Pakistan."The 2nd challenge round was unveiled on March 6, 2014 in Islamabad , said a SBP statement here on Monday.FICF is component of the larger financial inclusion program being implemented by State Bank under the funding assistance of the United Kingdom ...
Rs15000 bond draw on Tuesday FAISALABAD: The 58th allotting of prize bonds worth Rs15000/- each will be held at Rawalpindi on Tuesday (April 01).According to a spokesman of the National Savings, the first position holder will get a prize of Rs30 million, while 3 prizes of Rs10 million each have been reserved for the second position holders. Third prize of Rs1.85 lakh will be awarded to each of the 1696 position holders, it was added.Copyright APP (Associated Press of Pakistan), ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln