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

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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

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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

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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.

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Meezan Bank’s President visits KATI

Meezan Bank’s President & CEO Irfan Siddiqui has said that stability of Banking sector is a matter of national interest, prosperity of industry and trade is directly link to the prospers banking industry, he was talking to office bearers of Korangi Association of Trade & Industry(KATI) on his visit to the association.

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NBP says PTI statement baseless

The clarification is with reference to the statement issued by Haleem Adil Sheikh, Senior Executive and Vice president of PTI (Sindh), which are deemed baseless and untrue. National Bank of Pakistan (NBP), strongly refutes the baseless acquisitions linked with the serving CEO and President of NBP, Mr.

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