Karachi,  Agricultural credit disbursement by banks surged by 17 percent on year-on-year basis to Rs 197.361 billion in first nine months (July-March) of current fiscal year (2011-12). In absolute terms, disbursement of credit to agriculture [...]

Karachi,  State Bank of Pakistan SBP Friday decided to amends its instructions relating to renewal of licenses of Exchange Companies ECs. Under revised instructions, licenses of ECs will be renewed as per following criteria: Licenses of ECs [...]

Karachi :  State Bank of Pakistan SBP has allowed Waseela Microfinance Bank to commence business as a nation-wide microfinance bank. Earlier, SBP issued a license to the Bank. Waseela Microfinance Bank, a subsidiary of M/s. Orascom Telecom [...]

Karachi, Meezan Bank Limited recorded 54% growth in profit-after-tax which rose to Rs 903 million for quarter ended March 31, 2012 as compared to Rs 585 million earned in first quarter of 2011. Bank’s Board of Directors in April 16, 2012 [...]

Karachi, A number of Islamic Financial Institutions and delegates from eight countries will attend three-day International Conference on Islamic Fund and Investment at Karachi from April 23, 2012 to provide in-depth understanding to investors [...]

Karachi, The State Bank of Pakistan Tuesday announced the rates applicable for conversion into rupees of foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates, special US dollar bonds and profits thereon [...]

Karachi :   Central Board of Directors of State Bank of Pakistan at its meeting chaired Friday by SBP Governor, Yaseen Anwar decided to keep policy rate unchanged at 12 percent and raised minimum Profit Rate on PKR Saving/ PLS Saving Products [...]

Karachi,  Pakistan’s total liquid foreign exchange reserves stood at $16,522.4 million on April 6, 2012, State Bank of Pakistan said Thursday. According to break-up, foreign reserves held by SBP were $11,865.4 million and net foreign reserves [...]

Karachi,  Pakistan has received more than $20.89 billion in loans since joining Asian Development Bank ADB in 1966, with more than $15.7 billion disbursed. A total of 293 loans were provided from concessional Asian Development Fund and from [...]

KARACHI, The State Bank of Pakistan on Tuesday announced the rates applicable for conversion into rupee of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar Bonds and profits thereon [...]