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Pakistan's liquid foreign reserves position KARACHI: The total liquid foreign reserves held by the country stood at $13,132.8 million on May 16, 2014, says a press release issued by State Bank of Pakistan (SBP) here on Thursday.The break-up of the foreign reserves position is as under: Foreign reserves held by the SBP: $ 8,320.3 million Net foreign reserves held by banks: $ 4,812.5 million Total liquid foreign reserve: $ 13,132.8 million.During the week ending May 16,2014, SBP's liquid FX reserves increased by $ 300 million to $ 8,320 million compared with $8,020 million in the previous week. The increase in the Central Bank reserves is primarily attributed to inflows of $ 507 million from multilateral, bilateral, and other official sources.During the week ending May 16, on account of external debt servicing and other official payments, SBP has made payments of US$ 207 million from its reserves. This includes $148 million payment to IMF under SBA.Copyright ...

SBP's new initiatives for accurate, quick information to media KARACHI: State Bank of Pakistan (SBP) will revive its initiative to hold series of workshops and seminars for media persons from July 2014 as a part of its annual business plan to educate and keep them updated on core financial and banking issues.In an interactive session with print and electronic media representatives here at SBP Head Office on Wednesday, SBP's Chief Spokesman Hamza Malik, SBP's Media Coordinator Khubaib Usmani said that State Bank's management has ...
SBP injects Rs128,300mn KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs128,300 million into market during its open market operation.The bids offered for this 07-day injection amounted Rs192,850 million. The rate of return is 10.03 percent, said SBP release. Copyright APP (Associated Press of Pakistan), 2014 ...
Rs40000/-prize bond draw on June 2 FAISALABAD: The 58th balloting of prize bonds worth Rs40000/- each will be held here on June 2.A spokesman of National Savings told here on Thursday that first position holder will be awarded a cash prize of Rs75 million while three prizes of Rs25 million each have been reserved for second position winners. Third prize of Rs0.5 million will be awarded to 1696 lucky winners.Copyright APP (Associated Press of Pakistan), 2014 ...
New FED structures on cigarettes show results ISLAMABAD: The government in the Fiscal budget 2013-14 introduced remarkable changes to the Federal Excise Duty (FED) structure on cigarettes have shown excellent results and is poised to give a growth of over 14% in government revenue, which in absolute rupee terms is the highest growth in any given year for government revenue from the tobacco industry."FBR figures show that the revenue from tobacco industry as of April has already crossed Rs.70 billion and the ...
FBR holds Taxpayers Facilitation Workshop in Haripur ISLAMABAD: Facilitation and Taxpayers Education (FATE) Wing of the Federal Board of Revenue (FBR) organized a day long workshop on e-portal services and role and responsibilities of withholding agents at the Haripur Chamber of Commerce on Thursday.Senior officials of FATE Wing, FBR, and Regional Tax Office (RTO) Abbotabad were present at the workshop attended by a large number of major tax-deducting authorities and withholding agents representing major industries in the Hattar and Haripur region.In his ...
SBP accepts bids of Rs348,085.716mn KARACHI: State Bank of Pakistan on Wednesday accepted bids of Rs. 348,085.716 million , having face value of Rs 371,312.050 million, for sale of 3-months, 6-months and 12- months government of Pakistan Market Treasury Bills.According to SBP release here, the bids offered were of the same value. 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 $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln