Category: Financial Services

This category covers all news related Financial Services

State Bank of Pakistan announce rates for conversion of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar Bonds and profit thereon

Karachi, August 16, 2013 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on August 19, […]

Branchless Banking accounts grew by 14 per cent during first quarter of Financial Year- 2013

Karachi, August 02, 2013 (PPI-OT): Branchless banking in the country grew by 14 percent during first quarter of FY- 2013 (January – March, 2013) and by the end of the quarter, BB accounts have reached at 2.4 million. According to SBP’s latest Branchless Banking Newsletter, branchless banking deposits have grown by 32 percent and reached […]

Foreign Private Investment In Pakistan

Karachi, July 16, 2013 (PPI-OT): FOREIGN PRIVATE INVESTMENT IN PAKISTAN-BY COUNTRY (Million US $) Sr. Country April-2013 (P) July-April FY13 (P) July-April FY12 Foreign Direct Investment Foreign Direct Investment Foreign Direct Investment FPI* Total FPI* Total FPI* Total Inflow Outflow Net Inflow Outflow Net Inflow Outflow Net 1 Argentina – 0.0 – 0.0 – -0.0 […]

SAARCFINANCE, Asian Clearing Union meeting concludes

Karachi, June 19, 2013 (PPI-OT): Mr. Yaseen Anwar, Governor, State Bank of Pakistan hosted the 26th SAARCFINANCE, Group Meeting, 9th Governors’ Symposium, and 42nd Asian Clearing Union, Board of Directors Meeting, at a local hotel in Islamabad. Dr Fazeel Najeeb, Governor and Chairman, Maldives Monetary Authority chaired the SAARCFINANCE Group Meeting whereas SAARCFINANCE Governors’ Symposium […]

State Bank of Pakistan to host SAARCFINANCE, Asian Clearing Union Events and Zahid Husain Memorial Lecture

Karachi, June 17, 2013 (PPI-OT): The State Bank of Pakistan will host 26th SAARCFINANCE Group Meeting, 9th SAARCFINANCE Governors’ Symposium and 42nd Asian Clearing Union (ACU) Board of Directors Meeting on June 18-19, 2013 in Islamabad. Governors of the Central Banks and senior government officials from Afghanistan, Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, and […]

Economy continues to face fiscal and external challenges in Q3-FY13: State Bank of Pakistan

Karachi, June 13, 2013 (PPI-OT): State Bank of Pakistan released its Third Quarterly Report for FY13 on the State of Economy, today. The Report says that key challenges to macroeconomic management emanated from fiscal as well as external sectors. After a surplus during the first half of FY13, the current account position deteriorated to a […]

Tenders for Sale of 3-Months, 6-Months, 12-Months Government of Pakistan Market Treasury Bills invited by State Bank of Pakistan

Karachi, June 12, 2013 (PPI-OT): Tenders for Sale of 3-Months, 6-Months and 12-Months Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers on June 12, 2013. Bids were opened at 12:00 hours on June 12, 2013 which was received as follows: (Rs. In Millions) Realized Value […]

Workers’ remittances reach $12.76 billion in eleven months in July 2012 – May 2013

Karachi, June 10, 2013 (PPI-OT): Overseas Pakistanis remitted an amount of $12,762.44 million in eleven months (July 2012 – May 2013) of the current fiscal year 2012-13 (FY13), showing a growth of 5.74 percent or $693.34 million compared with $12,069.10 million received during the same period of the last fiscal year (July- May 2012). The […]

World Bank approves package of assistance worth US$100 million to support implementation of Punjab Health Sector Reform Project

Islamabad, June 03, 2013 (PPI-OT): The World Bank approved on Friday a package of assistance worth US$100 million to support the implementation of thePunjab Health Sector Reform Project, which will focus on enhancing the number of people who access quality essential health services, particularly in the low performing districts of Punjab. “Punjab holds the key […]

Statement of affairs of State Bank of Pakistan Banking Department as on 24th May 2013

Karachi, May 30, 2013 (PPI-OT): Statement of Affairs of The State Bank of Pakistan Banking Department As On The 24th May 2013 LIABILITIES Rs. ASSETS Rs. Capital paid up. 100,000,000 Notes. 165,472,000 Rupee Coin. Reserve Fund. 164,644,239,000 Subsidiary Coins. Bills Purchased and Discounted:- Rural Credit Fund. 2,600,000,000 a) Internal:- i) Agricultural Sector. Rs. Industrial Credit […]

National Bank of Pakistan, A. F. Ferguson and Co. sign deal for BPR and COSO Project Implementation

Karachi, May 22, 2013 (PPI-OT): National Bank of Pakistan (NBP) and A.F. Ferguson and Co. (PwC) today signed a landmark agreement for BPR and COSO implementation at National Bank of Pakistan Head Office.NBP President, Dr. Asif A. Brohi in his message on this signing ceremony said, “NBP is committed to achieve the leadership position in […]

Agricultural credit disbursement surges by 15.74percent to Rs 259.1 billion in first ten months of FY13

Karachi, May 21, 2013 (PPI-OT): Agricultural credit disbursement by banks surged by 15.74 percent on year-on-year basis to Rs 259.1 billion in the first ten months (July-April, FY 2013) of the current fiscal year (2012-13). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 35.23 billion in July-April, FY 2013 […]