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1st April, 2013
Banking sector performance
The 20 commercial banks listed on the stock market posted a combined profit after tax of Rs118 billion in 2012 against Rs107 billion a year earlier.
The 20 commercial banks listed on the stock market posted a combined profit after tax of Rs118 billion in 2012 against Rs107 billion a year earlier.
19th March, 2013
Current account gap widens to $700m
The State Bank reported on Monday that the current account deficit during July-February was $700 million while deficit in February alone was $596 million.
The State Bank reported on Monday that the current account deficit during July-February was $700 million while deficit in February alone was $596 million.
19th October, 2012
State Bank to buy government paper in reverse repo
Pakistan's central bank said it would buy government paper from commercial banks on Friday in an 11-day reverse repo to inject funds into the money market.
Pakistan's central bank said it would buy government paper from commercial banks on Friday in an 11-day reverse repo to inject funds into the money market.
5th April, 2012
Pakistan forex reserves edge up to $16.51 bln
Foreign exchange reserves rose to $16.51 billion from $16.44 billion in the previous week, the central bank said on Thursday.
Foreign exchange reserves rose to $16.51 billion from $16.44 billion in the previous week, the central bank said on Thursday.
15th March, 2012
SBP directive
KARACHI, March 14: The State Bank has once again advised all commercial banks and microfinance banks (MFBs) to desist from issuing the demonetised banknotes of Rs5 and Rs500 (old design and bigger size) to their customers or general public.
KARACHI, March 14: The State Bank has once again advised all commercial banks and microfinance banks (MFBs) to desist from issuing the demonetised banknotes of Rs5 and Rs500 (old design and bigger size) to their customers or general public.
7th March, 2012
SBP asked to issue Form E for Iran
KARACHI, March 6: The Union of Small and Medium Enterprises (Unisame) has urged the State Bank of Pakistan to direct commercial banks to stop making delays in the process of export orders documents and should not also refuse issuing the Form E for shipments to Iran.
KARACHI, March 6: The Union of Small and Medium Enterprises (Unisame) has urged the State Bank of Pakistan to direct commercial banks to stop making delays in the process of export orders documents and should not also refuse issuing the Form E for shipments to Iran.
1st March, 2012
Borrowing mounts pressure on economy
KARACHI, Feb 29: The government borrowings from both the State Bank as well as scheduled banks have gone beyond the records set last year giving a clear indication of higher inflation and much higher than the
KARACHI, Feb 29: The government borrowings from both the State Bank as well as scheduled banks have gone beyond the records set last year giving a clear indication of higher inflation and much higher than the
29th February, 2012
Islamic banks urged to explore SME, farm sectors
ISLAMABAD, Feb 28: State Bank Governor Yaseen Anwar has said that the Islamic banking has great opportunity to finance projects in agriculture and small and medium enterprise (SME) sectors which are the
ISLAMABAD, Feb 28: State Bank Governor Yaseen Anwar has said that the Islamic banking has great opportunity to finance projects in agriculture and small and medium enterprise (SME) sectors which are the
23rd February, 2012
Credit to farm sector up by 20pc in 7 months
KARACHI, Feb 22: Credit disbursement by banks to agriculture sector was higher than last year in the first seven months of the current fiscal year, but still not up to the target set by the State Bank for the entire year.
KARACHI, Feb 22: Credit disbursement by banks to agriculture sector was higher than last year in the first seven months of the current fiscal year, but still not up to the target set by the State Bank for the entire year.
15th February, 2012
Banks failing to mobilise deposits
KARACHI, Feb 14: Banks are earning profits, but they failing to mobilise deposits which fell between June and November 2011 and again in January 2012 after a marginal rise in December.
KARACHI, Feb 14: Banks are earning profits, but they failing to mobilise deposits which fell between June and November 2011 and again in January 2012 after a marginal rise in December.
13th February, 2012
Bank advances rise
Deposits and other accounts of all scheduled banks increased in the current week and stood at Rs5683.5bn, higher by Rs1.4bn over preceding week’s figure of Rs5682.1bn.
Deposits and other accounts of all scheduled banks increased in the current week and stood at Rs5683.5bn, higher by Rs1.4bn over preceding week’s figure of Rs5682.1bn.
13th December, 2011
Small provinces being deprived of bank loans
KARACHI, Dec 12: Banks are utilising deposits of Balochistan and Khyber Pakhtunkhwa in other provinces or investing in government papers to earn higher profits, depriving these provinces of better economic prosperity
KARACHI, Dec 12: Banks are utilising deposits of Balochistan and Khyber Pakhtunkhwa in other provinces or investing in government papers to earn higher profits, depriving these provinces of better economic prosperity
12th December, 2011
Commercial bank assets higher
According to the weekly statement of position of all scheduled banks for the week ending November 25, deposits and other accounts of the scheduled banks increased in the current week and stood at
According to the weekly statement of position of all scheduled banks for the week ending November 25, deposits and other accounts of the scheduled banks increased in the current week and stood at
6th December, 2011
Advance to deposit ratio falls
KARACHI, Dec 5: Violating global norms, the ratio of investment to advances in the banking sector of Pakistan tilted in favour of investment.
KARACHI, Dec 5: Violating global norms, the ratio of investment to advances in the banking sector of Pakistan tilted in favour of investment.
15th October, 2011
Some branches of banks to operate on Saturdays
The central bank said the decision had been taken on the basis of a government notification about two weekly days off — Saturday and Sunday.
The central bank said the decision had been taken on the basis of a government notification about two weekly days off — Saturday and Sunday.
7th October, 2011
Reserves fall
KARACHI: The foreign exchange reserves of the country depleted by $294 million to $17.345 billion, the Central Bank reported on Thursday in its weekly…
KARACHI: The foreign exchange reserves of the country depleted by $294 million to $17.345 billion, the Central Bank reported on Thursday in its weekly…
5th October, 2011
Govt borrows Rs247bn from banks in Q1
KARACHI: The first quarter of the current fiscal ended with rampant government borrowing from the banking system, which was totally unmatched with the borrowing it…
KARACHI: The first quarter of the current fiscal ended with rampant government borrowing from the banking system, which was totally unmatched with the borrowing it…
3rd October, 2011
Increase in bank deposits
ACCORDING to the weekly statement of position of all scheduled banks for the week ended September 23, deposits and other accounts of the scheduled banks…
ACCORDING to the weekly statement of position of all scheduled banks for the week ended September 23, deposits and other accounts of the scheduled banks…
12th September, 2011
Rise in bank deposits
DEPOSITS and other accounts of the scheduled banks increased in the current week and stood at Rs5378.8bn, higher by Rs42.1bn over preceding week’s figure of…
DEPOSITS and other accounts of the scheduled banks increased in the current week and stood at Rs5378.8bn, higher by Rs42.1bn over preceding week’s figure of…
9th September, 2011
Restructuring of financial sector stressed
LAHORE: The Securities and Exchange Commission of Pakistan (SECP) chairman Mohammad Ali on Thursday emphasised the need for restructuring of country’s financial sector to develop…
LAHORE: The Securities and Exchange Commission of Pakistan (SECP) chairman Mohammad Ali on Thursday emphasised the need for restructuring of country’s financial sector to develop…
