All
 

 

Just in:  

You are here: Home»Pakistan»Banking & Finance

Banking & Finance

Archive

Overseas Pakistanis remit $1.6bn in July 2014 KARACHI: Overseas Pakistanis remitted an amount of dollars 1,649.39 million in July 2014. This shows an impressive growth of 17.45 percent compared with $1,404.39 million received during the same month of the last fiscal year (FY14), said State Bank of Pakistan here Tuesday.The inflow of remittances during July 2014 from Saudi Arabia, United Arab Emirates, United States of America, United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $ 454.47 million, $ 352.89 million, $ 257.08 million, $ 247.96 million, $ 179.76 million and $44.32 million respectively compared with the inflow of $410.73 million, $252.41 million, $233.06 million, $221.93 million, $161.44 million and $38.59 million respectively in July 2013.Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month amounted to $112.91 million as against $86.23 million received in the same month of the last fiscal year (FY14). Copyright ...

SBP injects Rs 5.9bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 5.9 billion for seven days into market during its open market operation.The rate of return will be 9.93 percent, said SBP press release.Copyright APP (Associated Press of Pakistan), 2014 ...
JCR-VIS upgrades entity ratings of ZTBL KARACHI: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Zarai Taraqiati Bank Limited (ZTBL) from A/A-2' ( single A/A-two) to `AAA/A+' ( triple A/A-one plus).The outlook on the ratings is `stable', said a press release here on Friday.The rating action is driven by the recent decision by the Government of Pakistan to reconcile the outstanding liabilities on the balance sheet of ZTBL towards the State Bank of Pakistan (SBP) and convert ...
Pak forex figure $14.30609bn KARACHI: The total liquid foreign reserves of the country stand at dollars 14.30609 billion, said State Bank of Pakistan (SBP). SBP's weekly statement issued here on Thursday said that the foreign reserves held by State Bank on 1st August amounted $ 9.277 billion and the net foreign reserves held by other banks were of $ 5.02909 billion.SBP's liquid foreign reserves were $ 9.277 billion with no significant change over the previous week's balance.Copyright APP (Associated ...
SBP sells Rs 86,893.509 MTBs KARACHI: The State Bank of Pakistan (SBP) on Wednesday sold Market Treasury Bills (MTBs) of Rs 86,893.509 million of 3-month, 6-month and 12-month tenure.The face value of these bills was Rs 89,625.590, said an SBP press release. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 14.34006bn KARACHI: The total liquid foreign reserves of the country stand at dollars 14,34006 billion, said State Bank of Pakistan.According to SBP's weekly statement issued here on Monday, the foreign reserves held by State Bank on July 25 amounted to dollars 9.27507 billion. The net foreign reserves held by other banks were dollars 5.06409 billion.During the week, SBP's Liquid foreign reserves decreased by dollars 123 million to dollars 9,276 million compared to dollars 9,399 million in ...
SBP issued fresh currency notes of Rs 154bn in Ramazan KARACHI: State Bank of Pakistan issued fresh currency notes of Rs 154 billion during the month of Ramazan to cater to the high demand from general public for fresh currency notes on the occasion of Eid-ul-Fitr. A statement issued by State Bank here on Monday said that SBP's Banking Services Corporation (BSC) fully utilized the extensive network of commercial bank branches across the country and issued fresh notes to all commercial banks in good numbers.In ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln