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'SBP to launch awareness sessions about economic issues' FAISALABAD: State Bank of Pakistan (SBP) Chief Manager Aamir Aziz Bhatti said the SBP will launch a comprehensive awareness sessions on economic and financial issues.Addressing the executive committee members of FCCI, he underlined the importance of role of business, trade and industry in the national development and said that banks were making serious efforts to facilitate the trade and industry.He said the private sector was an engine of the economic growth and the country could earn foreign exchange and taxes in addition to generating new jobs by developing SMEs on modern lines.Regarding alternate energy sources, Aamir Bhatti said the State Bank of Pakistan had allocated sufficient funds for it with only 11.5 percent mark up. He said industrialists should utilize this facility to fulfill their energy related needs.He said out of 180 million populations only 3.6 million people had bank accounts and out of these some has two to three ...

15pc rise in workers remittances : SBP KARACHI: Workers' remittances rose over 15 per cent to dollars 7.3 billion in first five months of FY15, said State Bank of Pakistan (SBP).According to SBP's statement here on Thursday, overseas Pakistani workers remitted dollars 7.39804 billion in first five months of FY15 ; showing an impressive growth of 15.5 percent compared with dollars 6.40705 billion received during the same period of FY14.During November 2014, the inflow of workers' remittances amounted to $ 1.32006 billion, ...
Pak forex figure $ 13.92204bn KARACHI: Total liquid foreign reserves of the country stand at dollars 13. 92204 billion, said State Bank of Pakistan (SBP). According to SBP weekly statement here on Thursday, the foreign reserves held by State Bank on Dec. 5, amounted dollars 9.20301 billion and the net foreign reserves held by other banks figured dollars 4.71903 billion.During the week ending Dec. 05, 2014, SBP's liquid foreign reserves increased by dollars 981 million to $ 9.203 billion compared ...
SBP injects Rs393.775bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs. 393.775 billion into the market for seven days during its open market operation (OMO).The rate of return is 9.31pc. The bids offered were of Rs. 398.775 billion, said a SBP statement. Copyright APP (Associated Press of Pakistan), 2014 ...
Liquid foreign reserves hit $12,992.9mn mark KARACHI: State Bank of Pakistan (SBP) on Thursday announced that the total liquid foreign reserves held by the country stood at $12,992.9 million on 28 November 2014.It said that the break-up of the foreign reserves position is as foreign reserves held by SBP are $8,221.9 million; net foreign reserves held by banks are $ 4,771.0 million and total liquid foreign reserves are $12,992.9 million During the week ending on 28 November 2014, SBP liquid FX ...
'Country's prosperity depends on tax collection' SARGODHA: Deputy Commissioner Inland Revenue Sargodha, Sheharyar Akram Awan said the prosperity of the country depends on widening the tax base. Talking to journalists, he said that on the directions of federal government the date for submitting tax statements has been extended till December 5,added that eight sub-offices have also been set up to facilitate tax payers.He said that one window facility was being provided at these sub-centers where general public, traders and industrialists can ...
SBP accepts bids of Rs432.850bn KARACHI: State Bank of Pakistan (SBP) on Friday accepted bids of Rs. 432.850 billion while conducting its open market operation (injection and outright sale).Rs. 342.850 billion were injected for 7 days, with rate of return 9.37 per cent. Whereas, Rs. 90 billion injected for 73 days against 9.79 per cent rate of return.Copyright APP (Associated Press of Pakistan), 2014 ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln