Forex reserves dip by $53.3mn
KARACHI: Pakistan”s total liquid foreign reserves stand at dollars 16.5045 billion, showing a decline of 53.3 billion dollars, said a statement issued by State Bank of Pakistan (SBP) here on Thursday.
Foreign reserves held by State Bank amounted to dollars 12.7261 billion. Whereas net foreign reserves held by banks other than SBP figured dollars 3.7784 billion.
SBP collects Rs124 bn through OMO
KARACHI: State Bank of Pakistan (SBP) collected Rs124 billion against the target of Rs8 billion by executing Open Market Operation, Geo News reported on Wednesday.
The SBP issued treasury bills of 3, 6 and 12-month denominations.
Forex reserves rise by $75.3 mln
KARACHI: Pakistan”s total liquid foreign exchange reserves stood at 16.701 billion dollars on July 16, 2010, showing an increase of $75.3 million dollars, State Bank of Pakistan said Thursday.
According to break-up, foreign reserves held by SBP stand at $12.857 billion while net forex reserves held by banks (other than SBP) at $3.845 billion.
SBP collects Rs10.5 bln in OMO
KARACHI: State Bank of Pakistan on Friday accepted bids of Rs 10.5 billion during its Open Market Operation under Repo Sale contract of Government of Pakistan Market Treasury Bills.
The bids offered for 07-Day (Repo Sale) amounted Rs 23 billion. The rate of return is 11 percent, said SBP statement issued here.
Pakistan forex reserves slip below $16 bln
KARACHI: Pakistan”s total liquid foreign exchange have declined below 16 billion dollars to 15.877 billion on June 4, 2010, State Bank of Pakistan said Thursday.
According to break-up, forex reserves held by SBP were 12.143 billion dollars and net foreign reserves held by banks (other than SBP) $3.733 billion dollars.
Pak forex reserves rise to $ 15.3574 bln
KARACHI: Pakistan”s total liquid foreign reserves have risen to 15.3574 billion dollars, showing an increase of 397 million dollars, according to the central bank.
The SBP spokesman, Wasimuddin talking to Geo News said, on May 7, 2010 the foreign reserves held by State Bank amounted to dollars 11.5524 billion. Whereas the net foreign reserves held by banks other than SBP were Rs 3.805 billion.
PML-N not withdraw demands of President’s resign
Lahore, Pakistan News :- Pakistan’s two major parties have failed to come out with a clear policy as the top leadership of both PPP and PML-N remain silent on major issues while the second tier leadership is continuously accusing each other and giving hard-line statements.
Opposition Leader in National Assembly and senior leader of Pakistan Muslim League-Nawaz Chaudhry Nisar Ali Khan said on Tuesday that his party will not demand President Zardari to resign if the government acts upon Supreme Court’s verdict. He said Presidential spokesman has no right to announce policy statement of PML-N. He was talking to newsmen in Islamabad.
Commenting on Farhatullah Babar’s statement that PML-N has assured of not demanding President’s resignation, Ch. Nisar said his party can’t guarantee anyone for not demanding President Asif Ali Zardari to resign. “Farhatullah Babar’s statement is absolutely absurd.” He said PML-N doesn’t want to confront the government. “It was very easy for us to give irrational statements but we decided against it for the stability of the country.” Nisar said cases have been proved against Pakistan People’s Party leaders in the country and abroad.
PML-N not withdraw demands of President’s resign was first posted on December 22, 2009 at 7:23 pm.
SBP inform SC Rs 193 billion loans written off
ISLAMABAD, Pakistan News : The State Bank of Pakistan (SBP) has informed the Supreme Court of Pakistan that more than Rs 193 billion loans have been written off in the country from 1997 till 2009.
Iqbal Haider, the counsel of the SBP told media outside the premises of SC after submitting detail sheets about the written off loans that the SBP is preparing the list of the people whose loans have been written off from 1971 to 1997 on the order of the SC. These loans have been written off by 37 banks. There are 19711 beneficiaries whose loans have been written off and this number include the number of people whose loans were more than Rs 0.5 billion, he added.
The SC has taken suo moto notice of this issue in 2006 but the hearing of the case could not be completed in the SCP. The Supreme Court has ordered SBP to provide the list of the loans written off from 1971 till yet. But the SBP produced the list of the people from 1997 to 2009 whose loans were written off.
SBP inform SC Rs 193 billion loans written off was first posted on December 22, 2009 at 7:35 pm.
SBP Buys 60.2bn Rupees of T-bills
KARACHI : The State Bank of Pakistan (SBP) bought back 60.2 billion rupees ($724 million) of treasury bills on Thursday under 2-day and 9-day reverse-repo contracts at 12.27 percent and 12.26 percent respectively, to inject liquidity into a tight money market.
SBP Buys 60.2bn Rupees of T-bills was first posted on October 1, 2009 at 4:03 pm.
Govt.Paper Buys SBP
KARACHI : The State Bank of Pakistan (SBP) bought back 16.55 billion rupees ($199.5 million) of Treasury bills and government bonds on Tuesday under four-day reverse-repo contracts at 12.26 percent to inject liquidity into the money market.
Govt.Paper Buys SBP was first posted on September 1, 2009 at 4:08 pm.
©2009 “Pakistan News“.
