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Tag Archives: State Bank of Pakistan

Ramadan Bank timings in Pakistan 2016

Advertisements The holy month of Ramadan has just began, and the entire Muslim fraternity is busy in fasting for the sake of blessing of almighty Allah. As like changes & variations to give relief to the employees are being observed, following this State Bank of Pakistan (SBP) has also announced …

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SBP: Pakistan’s Liquid Forex Reserves reaches $21 billion mark

KARACHI: Pakistan’s total liquid foreign exchange reserves are at $21 billion for the week ended on December 18, 2015 as compared to $20.7 billion of the previous week ended on December 11, 20015, reported by the Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). First …

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IMF Executive Board approves immediate disbursement of $504.8m to Pakistan

WASHINGTON: After successfully completing the eights review of Pakistan’s economic performance, the Executive Board of International Monetary Fund (IMF) has decided to provide immediate disbursement of $504.8 million. After completing the review under a three year programme supported by an Extended Fund Facility (EFF) arrangement, the Executive Board also approved …

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

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. During the month of August 2015, foreign remittances were $1.52 billion that were 8.21% higher than remittance of July 2015 and …

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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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Pakistan’s KSE is declared world’s best performing frontier stock market

Khaleej Times has reported that Pakistani equities have delivered 26 % a year for US dollar investors since 2009, making Karachi Stock Exchange (KSE) the best performing frontier stock exchange in the world. The report said that Pakistan has been giving numerous economic indicators in green since early 2014. The …

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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 Liquid Forex Reserves at $16,706.3 million

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $16,706.3 million for the week ended on April 03,2015 as compared to $16,194.2 million of the previous week, ended at March 27, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). During the week, the …

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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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SBP directs banks not to reissue Rs. 10 & Rs. 100 notes of old design from April 1

KARACHI: The State Bank of Pakistan (SBP) has advised the all commercial and microfinance banks to stop the issuance of old design banknotes of Rs. 10 & Rs. 100 denominations w.e.f from April 01, 2015 (today), statement released by Finance Department of SBP. However, these banknotes in circulation will remain …

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Institute for Policy Reforms objects SBP’s Monetary Policy Statement

LAHORE: Institute of Policy Reforms (IPR) released a ‘Fact Sheet’ against Monetary Policy Statement (MPS) of State Bank of Pakistan for March that was released by SBP on March 21, 2015. According to IPR, SBP’s MPS gives too optimistic picture of  the national economy. According to IPR, MPS totally fails …

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Seminar on ‘Promoting Agriculture Value Chain Financing’ to be held on March 30

KARACHI: The State Bank of Pakistan (SBP) is going to conduct a Seminar on ‘Promoting Agriculture Value Chain Financing’ in Pakistan on March 30, 2015 at Marriott Hotel, Karachi. The seminar will be held in collaboration with Food and Agriculture Organization (FAO) of the United Nations Organizations. The purpose of …

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SBP to establish Centre of Excellence in Islamic Finance Education

KARACHI: State Bank of Pakistan aimed to establish the Centre of Excellence in Islamic Finance Education (CEIFE) after getting proposals from the HEC certified universities having business schools, reported by External Relations Department of State Bank of Pakistan. The Finance Minister Ishaq Dar, addressing at the opening ceremony of proposals …

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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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