Financial Services

Karachi, January 31, 2014 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation (Injection) in following contracts on Jan 31, 2014, received & accepted as given below: A: OMO BIDS NO OMO Tenor Range Number of Quotes Offered 1 7-Days (Injection) 10.26 – 9.95% 34 B: OMO RESULT (Rs. In Millions) 7-Days (Injection) OMO ...

Karachi, January 31, 2014 (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 3, ...

Karachi, January 27, 2014 (PPI-OT): SBP urges banks to re-align their strategies for promoting SME Finance targeting unemployed youth. Governor, State Bank of Pakistan, Mr. Yaseen Anwar, has urged the banks to play their active role in promotion of SME finance through effective use of technology and creating awareness. He was addressing a meeting of ...

Karachi, January 27, 2014 (PPI-OT): United Bank Limited (UBL), one of Pakistan’s largest financial institution and Daewoo Express Bus Service, Pakistan’s largest public transport company, recently announced their collaboration under a Strategic Alliance through the signing of a Memorandum of Understanding. Under this arrangement UBL and Daewoo will be able to enhance passenger convenience through ...

Karachi, January 27, 2014 (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 28, ...

Karachi, January 24, 2014 (PPI-OT): Bank Alfalah, Pakistan’s largest issuer and acquirer of credit cards has recently held a signing ceremony to launch Chip Cards in Pakistan. The occasion was graced by the Bank’s Chief Executive Officer, Mr. Atif Bajwa as well as the Country Head for Visa International, Mr. Kamil Khan amongst others. This ...

Karachi, January 22, 2014 (PPI-OT): National Bank of Pakistan declares Rates of Return on PLS Deposits/Other Deposits We append the rates of profit declared 08.01.2014 for the period from 01.07.2013 to 31.12.2013. 1. PLS DEPOSITS: Declared Rates Declared Rates Declared Rates (01-07-2013 (01-10-2013 (01-12-2013 to 30-09-2013) to 30-11-2013) to 31-12-2013) Title of Accounts 1. Special ...