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Tag Archives: SBP

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

Advertisements 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). Advertisements Pakistan’s forex …

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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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State Bank of Pakistan slashed interest rate to 7 percent

ISLAMABAD: State Bank of Pakistan on Saturday announced to slash the interest rate. The new interest rate is 7 percent. Governor State Bank Ashraf Wathra announced the cut in interest at news conference. The cut in interest rate will help to boost business activity and attract more investment in Pakistan, Wathra said. The …

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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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SBP’s Second Quarterly Report 2015 on the State of the Economy

KARACHI: After facing some difficulties in the initial months of the fiscal year, the economy ended the first half of FY15 with some positive developments, according to second quarterly report of the Central Board of Directors of the State Bank of Pakistan (SBP) presented in parliament yesterday. According to Quarterly …

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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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SBP approves amalgamation scheme of KASB Bank in Bank Islami Pakistan

KARACHI: State Bank of Pakistan has approved the amalgamation scheme of KASB Bank Limited with and into Bank Islami Pakistan Limited as per Section 47 of the Banking Companies Ordinance, 1962. The SBP scheme of amalgamation will result in the acquisition of KASB Bank, the smallest lender of the Pakistan, …

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SBP to hold International Conference on Innovative Agricultural Financing

ISLAMABAD: The State Bank of Pakistan (SBP) in collaboration with Food and Agriculture Organization of the United Nations (FAO) is going to hold an International Conference on Innovative Agriculture Financing in Pakistan from April 28-29, 2015 at Islamabad. The aim of two day conference is to discuss the strategies and …

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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 lauded at the performance of Banking Sector

KARACHI: The State Bank of Pakistan lauded at the performance of the Banking System for the quarter ended on December 31, 2014, reported by External Relations Department of Pakistan. According to the Quarterly Performance Review by SBP, the operating performance of banks shows considerable improvement as profit-before-tax has increased by …

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SBP to hold International Conference on Innovative Agricultural Financing

ISLAMABAD: The State Bank of Pakistan (SBP) in collaboration with Food and Agriculture Organization of the United Nations (FAO) is going to hold an International Conference on Innovative Agriculture Financing in Pakistan from April 28-29, 2015 at Islamabad. The aim of two day conference is to discuss the strategies and …

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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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Pakistan’s weekly Liquid Forex Reserves at $16,194.2 million

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $16194.2 million for the week ended on March 27 as compared to $16,131.9 million of the previous week, ended at March 20, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). During the week, the …

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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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