Pakistan’s foreign reserves fall last week: SBP

According to the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country was decreased and stood at US$ 20,058.6 million on 12-February-2021.

The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 12,889.7 million

Net foreign reserves held by commercial banks: US$ 7,168.9 million

Total liquid foreign reserves                 : US$ 20,058.6 million

During the week ended 12-February-2021, SBP reserves decreased by US$ 59 million to US$ 12,889.7 million due to external debt repayment.… Continue

Share:

Meezan Bank engages Sehat Kahani to provide free online medical consultation to its employees and families

Meezan Bank, Pakistan’s first and largest Islamic bank, has partnered with Sehat Kahani – an e-health services provider offering healthcare through telemedicine solutions to extend medical benefits to its employees and their families. In this regard, a Memorandum of Understanding was signed between the two parties at Meezan House, Karachi, attended by Mr.… Continue

Share:

EFU General conferred 14th Consumers Choice Award 2019

EFU General has been conferred with the 14th Consumers Choice Award 2019 in the category of Best General Insurance Company of Pakistan. Mr. Altaf QamruddinGokal, Chief Financial Officer received this award.

The Consumers Association of Pakistan (CAP) organized this magnificent event at Pearl Continental Hotel, Karachi.… Continue

Share:

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,003.7 million on 27September2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 7,741.6 million

Net foreign reserves held by commercial banks : US$ 7,262.1 million

Total liquid foreign reserves         : US$ 15,003.7 million

During the week ending 27September2019, SBP’s reserves decreased by US$724 million to US$7,741.6 million.… Continue

Share:

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$14,889.9 million on 31May2019.The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 7,862.4 million

Net foreign reserves held by commercial banks : US$ 7,027.5 million

Total liquid foreign reserves             : US$ 14,889.9 million

During the week ending 31May2019, SBP’s reserves decreased by US$148 million to US$7,862.4 million, due to payments on account of external debt servicing.… Continue

Share:

Standard Chartered promotes Gateway to ‘Belt and Road’ opportunities

Experts from Standard Chartered’s Greater China Region hosted road shows in Sri Lanka, Bangladesh and Pakistan to outline the benefits of and investment opportunities from China’s B&R initiative, together with Renminbi internationalisation. The purpose of these roadshows is to enable our clients to take advantage of the benefits presented by China-led Belt & Road initiative (B&R), which is also bringing more cooperation opportunities for Pakistan and China.The… Continue

Share:

MCB Bank and TCS enter into alliance for mutually beneficial services

MCB Bank Ltd, one of Pakistan’s largest private sector banks, has entered into an agreement with one of the country’s largest logistics services providers TCS Pvt. Ltd. for mutually beneficial services. With the collaboration, MCB customers will gain access to affordable holiday packages to premium destinations worldwide through TCS Intiana Travel and Tours services.… Continue

Share:

SBP will continue to closely monitor the foreign exchange markets

According to State bank of Pakistan, today, the PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ and witnessed an intraday high and low of PKR 116.25 per US$ and PKR 110.60 per US$, respectively.

Exports and workers’ remittances have posted promising growth rates of 12.2 percent and 3.4 percent respectively during July-February FY18 after showing a decline in the same period last year.Continue

Share: