State Bank of Pakistan announce rates for conversion of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar Bonds and profit thereon

Karachi, August 16, 2013 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on August 19, […]

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Overseas Pakistanis remitted $1.4 billion in July

Karachi, August 13 2013 (PPI-OT): Overseas Pakistanis remitted an amount of $1,404.39 million in July 2013 of the current fiscal year (FY14), showing an impressive growth of 16.57 percent or $199.68 million compared with $1,204.71 million received during the same month of the last fiscal year (FY13). Remittances received from most of the countries showed […]

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Securities and Exchange Commission of Pakistan issues draft Regulations for Third Party Administrators

Karachi, August 05 2013 (PPI-OT): Pakistan is among the developing countries where health insurance penetration is one of the lowest, even if compared with its peer countries. The reasons for this dismal landscape may be due to a variety of factors such as less developed health and hospitals infrastructure, low disposable incomes and a severe […]

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Branchless Banking accounts grew by 14 per cent during first quarter of Financial Year- 2013

Karachi, August 02, 2013 (PPI-OT): Branchless banking in the country grew by 14 percent during first quarter of FY- 2013 (January – March, 2013) and by the end of the quarter, BB accounts have reached at 2.4 million. According to SBP’s latest Branchless Banking Newsletter, branchless banking deposits have grown by 32 percent and reached […]

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Pakistan-Brazil exchange Diplomatic Notes on Business Visas

Islamabad, July 30, 2013 (PPI-OT): Additional Secretary (Americas) Mrs. Naghmana A. Hashmi and Ambassador of Brazil H.E Mr. Alfred Leoni exchanged notes on grant of multiple-entry visa for businessmen with an extended validity of up to five years, on the basis of reciprocity today in the Ministry of Foreign Affairs. Both sides declared this as […]

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President United States Overseas Private Investment Corporation meets Pakistan’s Business Community

Karachi, July 23, 2013 (PPI-OT): Ms Elizabeth Littlefield, President and Chief Executive Officer of OPIC (US Overseas Private Investment Corporation) and Mr Richard Olson, United States Ambassador to Pakistan visited Karachi and met with business community during a briefing session on ““Mobilizing Private Capital for Growth in Pakistan” organized by US Consulate in collaboration with […]

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Governor State Bank launches Islamic Banking Media campaign

Karachi, July 18, 2013 (PPI-OT): Mr. Yaseen Anwar, Governor State Bank of Pakistan has said concerted efforts are required for enhancing the depth and breadth of Islamic banking industry while launching the Mass Media Campaign for Promotion of Islamic banking, today. Governor SBP told the audience that, with support of SBP, Islamic banking has shown […]

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Foreign Private Investment In Pakistan

Karachi, July 16, 2013 (PPI-OT): FOREIGN PRIVATE INVESTMENT IN PAKISTAN-BY COUNTRY (Million US $) Sr. Country April-2013 (P) July-April FY13 (P) July-April FY12 Foreign Direct Investment Foreign Direct Investment Foreign Direct Investment FPI* Total FPI* Total FPI* Total Inflow Outflow Net Inflow Outflow Net Inflow Outflow Net 1 Argentina – 0.0 – 0.0 – -0.0 […]

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