KARACHI — Pakistan’s foreign exchange reserves have witnessed a modest uptick, increasing by $10 million to reach $14.895 billion by the week ending February 08, 2019.
(more…)Tag: State Bank of Pakistan
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SBP directs banks to display contact details to facilitate customers
The State Bank of Pakistan (SBP) has issued directives to all banks, urging them to prominently display contact details to facilitate customers in addressing complaints and resolving issues effectively.
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Investment in unregistered prize bonds increases to Rs922.78 bn
KARACHI – According to the latest debt statistics issued by the State Bank of Pakistan (SBP), the investment in unregistered prize bonds has witnessed a significant surge, recording an increase of 17 percent to reach Rs922.78 billion by the end of December 2018.
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SBP sells treasury bills worth Rs2,107.51 billion in auction
KARACHI – In a successful auction held on Wednesday, the State Bank of Pakistan (SBP) raised a substantial amount of Rs2,107.51 billion through the sale of Market Treasury Bills (MTBs).
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Banking deposits decline to Rs13.057 trillion by January 2019
The deposits in Pakistan’s banking system witnessed a decline of 2.22 percent, totaling Rs13.057 trillion by the end of January 2019, as compared to Rs13.35 trillion recorded on December 31, 2018.
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Remittances grow by 12.22pc to $12.77 bn in seven months
KARACHI, February 12, 2019 – In a testament to the enduring support from overseas Pakistanis, remittances to the country have experienced a remarkable surge, witnessing a robust 12.22 percent increase to reach $12.774 billion during the first seven months of the fiscal year 2018/2019.
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Banks disburse Rs527 billion agriculture credit during first half: SBP
KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
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Govt. domestic debt increases by 13.6pc to Rs17,536 billion
KARACHI – Pakistan’s domestic debt has witnessed a substantial increase of 13.6 percent, reaching Rs17,536 billion by the end of December 2018, compared to Rs15,437 billion in the same month the previous year, according to data released by the State Bank of Pakistan (SBP) on Friday.
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SBP estimates ICT exports worth $1.5bn remain undocumented
KARACHI: State Bank of Pakistan (SBP) has estimated that around $1.5 billion exports in Information and Communications Technologies (ICT) are remained undocumented due to absence of major world’s leading payment solution provider and preference of cost saving.
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Banks require to send free of cost transaction alerts to ensure digital payment security: SBP
KARACHI: State Bank of Pakistan (SBP) on Thursday said that it has been made mandatory for all banks to send free of cost transaction alerts to their customers in order to ensure security of digital payments.
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