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NBP to upgrade its IT service ISLAMABAD: The Auto Teller Machine (ATM) and Internet Banking Services of National Bank of Pakistan (NBP) may not be available on Sunday (November 15), from 1 am to 4 am and on, November 16 (Monday) from 1 am to 4 am.The suspension would occur due to upgrading of Information Technology services with latest Technologies for better performance and increasing efficiency, said a statement of the Bank issued here on Friday.Copyright APP (Associated Press of Pakistan), 2015 ...

Workers' remittances rise 5.2pc in first four months of FY16: SBP ISLAMABAD: Overseas Pakistani workers remitted US$ 6506.50 million in the first four months (July to October) of FY16, showing a growth of 5.21% compared with US $ 6184.34 million received during the same period in the preceding year.During October 2015, the inflow of worker's remittances amounted to US $ 1539.96 million, which is 13.28% higher than September 2015 and 9.28% higher than October 2014, a statement of the Central Bank issued on Tuesday said.The country ...
Pak Rupee is in line with economic fundamentals KARACHI: During the past couple of days, Pakistan Rupee has been once again facing speculative pressures due to some recent newspaper articles criticizing external borrowing of the government and the quality of reserves of the country.These articles are highlighting just one aspect of the debt dynamics without contextualizing it in Pakistan's current performance and the overall macroeconomic stability. Reference to reports by international rating agencies, such as Moody's, was also being made conveniently ignoring the ...
MoU signed between NBP, Karandaaz Pakistan KARACHI: National Bank of Pakistan (NBP) and Karandaaz Pakistan signed a Memorandum of Understanding (MoU) for jointly working on multiple strategies to create the much required Digital Financial Ecosystem, through a suite of financial transactions to facilitate the citizens of Pakistan with a focus on Government to Person (G2P) and Person to Government (P2G) transactions.The two institutions agreed to collaboratively develop a comprehensive digital financial services strategy for NBP; develop and deploy the required technology ...
SBP to remain open on Nov 9 KARACHI: The State Bank of Pakistan would remain open on Monday, the 9th November, 2015 being working day declared by Government of Pakistan.It may be noted that 9th November is the birth anniversary of Allama Muhammad Iqbal, who was a poet, philosopher, and politician.Copyright PPI (Pakistan Press International), 2015 ...
SBP injects Rs 18bn into market  KARACHI: State Bank of Pakistan (SBP) on Thursday injected Rs 18 billion into financial market for one day through its open market operation.The rate of return will be 6.05 percent per annum, said SBP statement.Copyright APP (Associated Press of Pakistan), 2015 ...
Pakistan's liquid foreign reserves KARACHI: The total liquid foreign reserves held by the country stood at $19,811.6 million on October 30, 2015, a statement issued by the State Bank of Pakistan (SBP) said here on Thursday.The break-up of the foreign reserves position is as under: I) Foreign reserves held by the SBP: $14,820.8 millionII) Net foreign reserves held by banks: $4,990.8 million III) Total liquid foreign reserves:$19,811.6 MillionDuring the week ending 30 October 2015, SBP's Liquid FX Reserves decreased ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln