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Banking & Finance


PTI MPAs pay millions of rupees income tax on their salaries PESHAWAR: Contrary to the civil disobedience call of their party leader, the Pakistan Tehreek-e-Insaaf legislators in the Khyber Pakthunkhwa Assembly paid income tax as no written submission was made to the Accountant General office against deductions from their monthly salaries.Rs3000 were deducted from the August salary of each MPA as neither any minister nor legislator belonging to PTI had filed written application to the AG Office against deductions of the Income Tax, official sources confided.Only those employees are exempted from IT whose salary was less than Rs500, 000 per year. Similarly all the MPAs of the KP Assembly getting Rs92800 monthly salary which is subjected to over Rs3000 income tax deduction.Copyright APP (Associated Press of Pakistan), 2014 ...

Rs200 bonds draw on Sep 15 FAISALABAD: The 59th balloting of Rs.200 prize bonds will be held here on September 15.According National Savings spokesman, first prize is worth Rs. 7.5 lakh, whereas 5 prizes worth Rs2.5 lakh each are the second prize. Likewise, third prize worth Rs.1250/- will be given to 2394 winners. Copyright APP (Associated Press of Pakistan), 2014 ...
Draw of Rs40,000 prize bond on Monday FAISALABAD: The 59th draw of prize bonds worth Rs40,000 each will be held at Hyderabad on Monday (September 1).According to a spokesman of the National Savings, 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 holders.Similarly, third prize of Rs0.5 million will be awarded to each of 1,696 position holders, he added.Copyright APP (Associated Press of Pakistan), 2014 ...
SBP's directives for financial consumer protection KARACHI: State Bank of Pakistan (SBP) has asked banks, development finance institutions (DFIs) and micro- finance banks (MFBs) to develop and implement their own frame- work on fair treatment of the consumers.This should be duly approved by their board of directors (BOD) and implemented by July 1, 2015, SBP directed to the above organisations through a circular released here on Friday.It is expected that the Banks/ DFIs/ MFBs will inculcate a conducive culture enduring fair ...
SBP injects Rs19,700mn into market KARACHI: State Bank of Pakistan (SBP) Friday injected Rs. 19,700 million into market for seven days during its open market operation (OMO).The bids offered amounted Rs. 24,700 million. The rate of return is 9.92 percent, said an SBP release issued here. Copyright APP (Associated Press of Pakistan), 2014 ...
Pak forex figure $ 13.58106bn KARACHI: The total liquid foreign reserves of the country stand at dollars 13.58106 billion, said State Bank of Pakistan (SBP).SBP's weekly statement issued here on Thursday said, the foreign reserves held by State Bank on Aug 22, amounted to dollars 8.55404 billion and the net foreign reserves held by other banks were dollars 5.02702 billion.Over last week, SBP's liquid foreign exchange reserves decreased by $ 349 million to $ 8.554 billion compared to $ 8.903 ...
Gov't extends date for returns filing till Sept 30 ISLAMABAD: The government has extended the date of filling the returns by one month till September 30 to facilitate salaried taxpayers.According to press statement issued by Ministry of Finance here, Federal Minister for Finance Senator Mohammad Ishaq Dar extended the date of filling the returns, that were due by August 31, by one month i.e till September 30.The extension has been given in view of various representations and pleas submitted by the salaried class, finding ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln