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Tag Archives: Banks

China endorse lending of $1.2b for Thar coal project

Advertisements ISLAMABAD: china State Council (CSC) has endorsed financial aid for the scheme of coalmining-cum-power project in Thar – the mega project which has assumed an essential position in Pakistan’s struggle to deal with electricity shortage. Advertisements The endorsement from the council would let Chinese banks to release $1.2 billion …

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Combined earnings of 20 banks rose to Rs46.6 billion during Jul-Sept: Report

20 listed Pakistani banks during the period of July-September earned up to Rs46.6 billion collectively, which is 19% up from the same three-month period of the last year. In the light of the date fetched by Topline securities, all listed commercial banks, leaving BankIslami, earned growth of 13% in Jul-Sep …

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SBP: Pakistan’s Liquid Forex Reserves raised by 1.52%

KARACHI: After facing fluctuations in the month of July 2015, Pakistan liquid forex reserves figure ended at $18,822.1 million that is the highest reserves figure achieved by the country so far, reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). The month of July …

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SBP: Pakistan Liquid Forex Reserves slashed by $66 million in a week

KARACHI: Foreign Reserves held by the State Bank of Pakistan (SBP) has been decreased by $66 million in second week of July, reported by Domestic Markets & Monetary Management Department of Pakistan. Pakistan’s forex reserves that started to grew by the end of June 2015 has started to decline again …

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SBP: Minimal raise in weekly Liquid Forex Reserves

KARACHI: Pakistan’s Liquid Forex Reserves are at $17,448.5 million. Minimal raise was recorded between June 5 to June 12, 2015, reported by Domestic Markets & Monetary Management Departments of the State Bank of Pakistan. Pakistan Liquid Forex Reserves started to climb in the first week of June 2015 after facing …

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Circulation of Old Currency notes to end by 2016: SBP

KARACHI: The government has decided to phase out all old-designed currency notes till the end of next calendar year, said the State Bank on Wednesday. “As per federal government notification (June 4, 2015), such currency notes will cease to be legal tender from Dec 1, 2016,” said by SBP. Previously, …

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SBP: Pakistan’s Liquid Forex Reserves raised by 2.4% in first week of June 2015

KARACHI: After one month of decreasing trend, Pakistan Liquid Forex Reserves have started to climb again. Forex reserves with country are at $17,446.9 million by the end of June 5, 2015, reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). Pakistan’s forex reserves value …

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SBP: Pakistan’s Liquid Forex Reserves slashed by $465 million in a week

KARACHI: Foreign Reserves held by both State Bank of Pakistan (SBP) and other banks have been decreased by $465 million in total, reported by Domestic Markets & Monetary Management Department of Pakistan. Pakistan’s forex reserves value in the month of May 2015 was not satisfactory. From May 1, 2015 to …

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Pakistan’s Liquid Forex Reserves at $17,749.1 million

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $17,749.1 million for the week ended on May 15, 2015 as compared to $17,739.3  million of the previous week, ended at May 18, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). During the said …

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Pakistan’s Liquid Forex Reserves at $17,717.6 million

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $17,717.6 million for the week ended on April 24,2015 as compared to $17,491 million of the previous week, ended at April 17, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). During the week, the …

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