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SBP auctions Rs 156.505045bn MTBs KARACHI: State Bank of Pakistan (SBP) on Wednesday auctioned Government of Pakistan market treasury bills (MTBs) amounting Rs 156.505045 billion; with face value of Rs 168.40301 billion.The bids offered for 3-months, 6-months and 12-months MTBs were of Rs 506.4100683 billion ; having face value of Rs 546.26703 billion, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...

SBP to issue Rs 20 commemorative coin KARACHI: State Bank of Pakistan (SBP) will issue Rs 20 commemorative coin from January 31, 2015 to mark 'Pakistan-China Year of Friendly Exchange 2015.' This is in pursuance of Federal Government's notification dated January 8, 2015, said SBP statement here on Wednesday.The coin weighs 10 grams with 75% copper and 25% nickel.Its shape is round with serration on the edge and a diameter of 27.5mm.The waxing crescent moon and a five pointed star facing north-west ...
CDNS saves Rs.201bn in July-January 2014-15 ISLAMABAD: The Central Directorate of National Savings (CDNS) realised Rs.201 billion as savings during the first seven months of this fiscal year against the target of Rs.153bn.The amount was Rs.98 bln more than the collection during the same period of last year, a senior official of CDNS told APP on Thursday.He said the assets of CDNS have also crossed Rs2.6 trillion, 26 per cent of the total national savings.He said the CDNA to initiate the ...
Liquidity management aims at price stability: SBP KARACHI: Liquidity management operations of State Bank of Pakistan (SBP) aim to achieve monetary policy objectives of price stability so as to provide a facilitating environment for economic growth.In particular, the intermediate goal is to contain the overall monetary expansion (M2 growth) within safe limits; consistent with price stability objective, said SBP statement here on Tuesday.This is ensured by management of day-to-day liquidity in the banking system with a view to keep the overnight money ...
Workers' remittances rise over 15pc to $9 billion in the first half of FY15 ISLAMABAD: Overseas Pakistani workers remitted $8,981.67 million in first half (July to December) of FY15, showing an impressive growth of 15.26 percent compared with $7,792.40 million received during the same period of FY14.During December 2014, the inflow of worker's remittances amounted to $1,583.23 million, which is 20% higher than November 2014 and 14.32% higher than December 2013, says a statement issued by the State Bank of Pakistan on Monday.According to SBP, the country wise details ...
SBP injects Rs 689.15bn into market KARACHI: State Bank of Pakistan (SBP) on Friday injected Rs 689.15 billion into market for 10 days during its open market operation (OMO).The bids offered were of Rs 694.150 billion. The rate of return is 9.3 per cent per annum, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
SBP issues mechanism for sugar export ISLAMABAD: State Bank of Pakistan has issued a mechanism for the processing of sugar export cases.Accordingly authorized dealers (Ads) in foreign exchange will forward the requests of Sugar Mills to the Exchange Policy Department, State Bank of Pakistan, Karachi for approval.This was stated in the EPD Circular Letter No.01, issued today to of all authorized Dealers in Foreign Exchange, says a statement issued by the Central bank.ADs are advised to process the export of sugar ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln