Home - Tag Archives: Fiscal Year 2015

Tag Archives: Fiscal Year 2015

SBP: Foreign Workers’ Remittances rise 5.4% to $3.1 billion in FY16

Advertisements ISLAMABAD: According to External Relations Department of State Bank of Pakistan (SBP), overseas Pakistani workers has remitted $3.1 billion in the first two months (July to August) of FY16. Advertisements During the month of August 2015, foreign remittances were $1.52 billion that were 8.21% higher than remittance of July …

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SBP: Foreign Workers’ Remittances rise 16.5% to $18.4 billion in FY15

ISLAMABD: According to External Relations Department of State Bank of the Pakistan, overseas Pakistani workers remitted $18.4 billion during FY15 (July to June), that is 16.5% than the $ 15.8 billion received during the FY14. This is the highest figure Pakistani achieved during FY15. This figure is also 9.51% higher …

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10% foreign remittance tax in Pakistan expected for FY 2016

ISLAMABAD: As corridors of  power  struggles to enhance tax collection, the state is taking a proposal that could see levy of 10% tax on profit made on foreign remittances put in savings accounts. Read Also:  No plans whatsoever on taxing home remittance: Ishaq Dar The offer appears as the government …

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SBP: Banks achieved 65.2% target in ‘Agriculture Credit Disbursement’

ISLAMABAD: Banks have disbursed Rs. 326 billion as agriculture credit during first nine months of fiscal year 2015 (Jul to March) according to External Relations Department of the State Bank of Pakistan. Disbursed amount by now is the 65.2% of the budgeted annual target of Rs. 500 billion and 27.5% …

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SBP: Foreign Workers’ remittances rise 15% in the first eight months of FY15

ISLAMABAD: According to External Relations Department of the State Bank of Pakistan, overseas Pakistani workers remitted $13.33 billion in first nine months (July to March) of Fiscal Year 2015, showing an impressive growth of 15% as compare to $11.59 billion received during the same period of FY14. During March 2015, …

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State Bank of Pakistan cut discount rate to 8%

The State Bank of Pakistan (SBP) reduced its major discount rate to 8% on Saturday, citing a downward trajectory in inflation and an improving economy. The press release of SBP says: Increasing number of economic indicators in the current fiscal year has moved in a favourable direction. Headline CPI inflation …

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Banks achieved 57.8% target in ‘Agriculture Credit Disbursement’

ISLAMABAD: Banks have disbursed Rs. 288.7 billion as agriculture credit during first eight months of fiscal year 2015 (Jul to Feb) according to State Bank of Pakistan. Disbursed amount by now is the 57.8% of the budgeted annual target of Rs. 500 billion and 32.3% higher than disbursement of Rs …

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Foreign remittances rise 14.66% in the first eight months of FY15

ISLAMABAD: According to External Relations Department of the State Bank of Pakistan, overseas Pakistani workers remitted $11.75 billion in first eight months (July to February) of Fiscal Year 2015, showing an impressive growth of 14.6% compared with $10.25 billion received during the same period of FY14. During February 2015, the …

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US Congress bonded conditional Aid to Pakistan

US Congress is to bond aid with military action US administration will have to confirm Congress if Pakistan is carrying out military action against Islamic militants in tribal areas, to grant US support to Pakistan. The Carl Levin National Defense Authorization Act for fiscal year 2015 demands US administration to …

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