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Karachi, May 05, 2016 (PPI-OT):State Bank of Pakistan (SBP) Thursday said the total liquid foreign reserves held by the country stood at US$20,787.8 million on 29 April 2016. The break-up […]
Read More »Reclassification of Islamic Financing and Related Asset in Monetary and Credit Data
Karachi, April 26, 2016 (PPI-OT):The State Bank of Pakistan, through a circular in 2013 advised banks that all financings, advances (against murabaha etc.), inventories and any other related item(s) pertaining […]
Read More »Pakistan Real-time Interbank Settlement Mechanism transactions show increase of 5 percent in volume and 19 percent in value
Karachi, April 22, 2016 (PPI-OT):During the second quarter of FY16, Pakistan Real-time Interbank Settlement Mechanism (PRISM) settled 225,598 transactions of value Rs. 64.1 trillion showing an increase of 5% and […]
Read More »Forex reserves decrease by $14 million
Karachi, April 21, 2016 (PPI-OT):State Bank of Pakistan (SBP) Thursday said the total liquid foreign reserves held by the country stood at US$20,779.8 million on 15 April 2016. The break-up […]
Read More »Opening of designated bank branches on 23rd and 24th April 2016 for collection of Hajj Application along with the dues
Karachi, April 19, 2016 (PPI-OT):State Bank of Pakistan, upon the request of Ministry of Religious Affairs and Inter-Faith Harmony, has issued instructions to designated banks (Habib Bank Limited, United Bank […]
Read More »State Bank of Pakistan allows Sindh Microfinance Bank Limited to commence its operations in Sindh Province
Karachi, April 15, 2016 (PPI-OT):The State Bank of Pakistan has allowed Sindh Microfinance Bank Limited to commence microfinance banking business at provincial level in the Province of Sindh. Earlier, the SBP had issued a license to the Microfinance Bank. Sindh Microfinance Bank, a wholly owned subsidiary of Sindh Bank Limited, now becomes the 11th Microfinance ...
Read More »Workers’ remittances rise 4percent to US $14.2 billion in the first nine months of FY16
Workers’ remittances rise 4percent to US $14.2 billion in the first nine months of FY16Karachi, April 12, 2016 (PPI-OT):Overseas Pakistani workers remitted US $ 14157.65 million in the first nine […]
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