Financial Services

Karachi, February 10, 2015 (PPI-OT): Overseas Pakistani workers remitted $10,358.81 million in first seven months (July to January) of FY15, showing an impressive growth of 14.6 percent compared with $9,038.4 million received during the same period of FY14. During January 2015, the inflow of worker’s remittances amounted to $1,377.14 million, which is 13% lower than ...

Karachi, February 06, 2015 (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 February 9, ...

Karachi, February 03, 2015 (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 February 4, ...

Karachi, February 03, 2015 (PPI-OT): Acting Governor State Bank of Pakistan Saeed Ahmad has said that the SBP sees total transformation of cash processing business from manual to automation in next five years and thus would like to see commercial banks aligning their plans with State Bank in this direction. “Without the joint action the ...

Karachi, January 27, 2015 (PPI-OT): State Bank of Pakistan has issued guiding principles on fairness of service charges levied by banks. The instructions set forth 9 overarching principles which will apply on service charges effective from 1st July, 2015. It is imperative that fairness and transparency in determining charges for various products and services provided ...

Karachi, January 23, 2015 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation (Injection) in following contracts on Jan 23, 2015, received and accepted as given below: A: OMOs NO OMO Tenor Range Number of Quotes Offered a 07-Days (Injection) 9.46 ­ 8.95% 30 B: OMO RESULT (Rs. In Millions) NO OMO Tenor Amount ...

Karachi, January 23, 2015 (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 January 26, ...