05072016Sat
Last update: Sat, 07 May 2016 05am

Banking & Finance

Pakistan - Banking & Finance

Pak forex figure $20.352bn KARACHI: Total liquid foreign reserves of the country stood at $20.352 billion, said State Bank of Pakistan (SBP). According to SBP's weekly statement here on Thursday, the foreign reserves held by State Bank on Feb. 26 amounted to $15,506.5 million and the net foreign reserves held by other banks were $4,845.8 million. During the week ending on Feb. 26, SBP's liquid foreign reserves increased by $28 million to $15,507 million compared to $15,479 million of the previous week.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Excise deptt collects Rs153mn tax last month FAISALABAD: The excise and taxation department has collected Rs153 million tax in different heads across the district during last month (February).According to official sources here Thursday, the department collected Rs79.5mn as property tax, Rs59mn as motor vehicles, Rs8.3mn excise duty, Rs5.4mn professional tax, Rs0.3mn recreational tax and Rs0.2mn as cotton fees.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP auctions Rs 174.447bn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned government of Pakistan Market Treasury Bills (MTBs) worth Rs 174.447 billion through its dealers.The maturity period of the MTBs is 3, 6 and 12 months, said SBP statement. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

Pak forex figures $ 20.333bn KARACHI: The total liquid foreign exchange reserves of the country stand at dollars 20.333 billion, State Bank of Pakistan (SBP) said.An SBP's weekly statement here on Thursday said that the foreign reserves held by SBP on Feb 19, amounted $ 15,478.9 million and the net foreign reserves held by other banks were $ 4,854 mln.During the week ending on Feb 19, SBP's liquid foreign exchange reserves decreased by $ 36 million to $ 15,479 mln ...

Pakistan - Banking & Finance

SBP injects Rs221.6bn into market KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs221.6 billion into money market for eight days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Banking & Finance

SBP for record of transactions in foreign currency accounts KARACHI: State Bank of Pakistan (SBP) has directed the authorized dealers in foreign exchange to maintain and consolidate data/record of transactions routed through foreign currency accounts of individuals or entities.According to SBP's circular here on Tuesday, this record should be maintained by the dealers at their head offices on monthly basis, in addition to the data/record already being maintained, in the following manner:i) The data of those personal foreign currency accounts maintained by individuals where ...

Pakistan - Banking & Finance

Loans of Rs2bn for Khareef crops LAHORE: Punjab Cooperative Bank will start giving loans to farmers amounting to Rs 2.5 billion from April 1 onwards for Kharif crops.Of the total amount loans worth Rs 1.75 billion have already been given, informed Punjab Cooperative Minister Malik Muhammad Iqbal Channer in a press statement issued here on Friday.He said that Cooperative Bank was fully facilitating the farmers through agricultural loans to boost agri-produce, adding that the recovery process has already been started.Copyright APP ...