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SBP: Governor announces names of directors
The SBP board consists of 10 members with Governor Ashraf Wathra serving as its chairman
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Promoting Islamic banking: Centres of Excellence in educational institutions
Universities must also conduct joint research on poverty alleviation, income inequalities
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Post-withholding tax: People reduced using cheques to avoid levy
Rs11.8t passed through SBP Clearing House in July-December compared to Rs13.5t in January-June 2015
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Foreign exchange: SBP’s reserves increase 0.2% week-on-week
SBP’s liquid foreign exchange reserves increased by $28m to $15,507m compared to $15,479m in the previous week
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Circular debt conundrum
Circular debt issue took another ugly turn as a central bank official confirmed SBP cleared Rs342bn worth of debt
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Non-performing loans stunted
Amount to Rs605.1b in 2015 despite increase in advances
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January 2016: Banking spread shrinks to 5.12%, lowest in 11 years
Pronounced fall in weighted average lending rate main reason for compression
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SBP directs authorised dealers to follow regulations
Guidelines part of anti-money laundering scheme
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Outstanding advances go up 9.98% year-on-year
Amount to Rs3.15 trillion at end of January
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Awareness drive : SBP to hold SME finance mela
The programme is scheduled to be held on February 22, 2016 at Shangrilla Gardens Multan
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Monetary policy: SBP maintains benchmark interest rate at 6%
Expects average inflation in 2015-16 to remain between 3% and 4%
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For housing finance: SBP considers credit guarantee scheme
Deputy governor wants central bank to fulfill its role.
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SBP blames taxes for low growth in broadband usage
Says data services are tax-exempted all over the world due to their benefits to economy
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SBP promises support to NBF institutions
Non-bank financial sector should consider deposit protection scheme, says Wathra
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SBP’s efforts to curb fake currency appreciated
ATMs to be fitted with a device that will detect counterfeit currency.
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Growth breakdown: Services contribute lion’s share to GDP growth
Agriculture and industry lag behind, SBP report reveals
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July-September: Outstanding housing finance rises for seventh straight quarter
Amounts to Rs58b at end of September, up 3.4% from Rs56.1b at the end of June
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Banking spread at lowest in over a decade
Shrinks 53 basis points year-on-year at 5.29% in November
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SBP issues strategy to counter fake note menace
Automated cash-processing functions in offing as well
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Current account deficit shrinks 59%
Amounts to little over $1.005b, improvement comes on back of falling import bill
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Support Promised: SBP reaffirms commitment to SMEs
SBP MD highlighted a brief overview of policy measures for promotion of SME finance in the country
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Pakistan’s economy fared ‘reasonably well’
SBP says key macroeconomic indicators recorded improvements
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SBP predicts economic boost as security improves
The statement came in the bank's annual report for the fiscal year that ended in June 2015
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SBP denies giving go-ahead for $75m investment
Senate panel probes Nishat Group’s purchase of Saint James’s Hotel in 2012
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Status quo: SBP keeps policy rate unchanged at 6%
The decision is based on the expectation that there will be reversal in declining momentum of headline inflation
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Current account deficit shrinks 72%
Improvement in the current account balance is mainly because of a shrinking trade deficit in both goods and services
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Don’t blame the media
SBP has blamed newspaper articles and “columnists” for the most recent speculative pressure on the rupee
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SBP blames newspaper articles for volatility
Central bank says rupee value ‘broadly in line with economic fundamentals’.
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SBP’s surplus profit surges 48% to Rs397.7b
Central bank transfers amount to federal government after paying Rs10m in dividends
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Banking spread lowest in 11 years
Clocks up at 5.38% during September
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Regional Consultative Group Asia: Wathra says work needed on resolution framework
Such initiatives will help exchange fruitful ideas, says SBP governor
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Pakistan’s journey from $6b to over $15b
Most of the increase has come on back of money borrowed from international financial institutions
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Sindh slowest in growth of personal deposits during January-June
Punjab fares better over the same period
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Senate panel approves giving some muscle to SBP
Also says yes to govt getting four more years to retire debt owed to central bank
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Govt transfers Rs10b as DAP fertiliser subsidy
Remaining amount to be transferred by provinces
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Total financing: SMEs’ share amounts to Rs260.8 billion
Figure up 3.2% at June-end, number of borrowers increases 14.6%
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Consumers expect low inflation, survey finds
Households’ perceptions over prices yet to bottom out
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Credit off-take projections ‘part hope, part prayer’
Analysts say private-sector loans still to get boost despite lower interest rate
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Time-bound plan: What is ‘interest rate corridor’?
Under the new IRC, the ‘target rate’ is fixed between the floor and ceiling of the interest rate corridor
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SBP cuts policy rate to 6%
Brokerage houses had forecast a downward revision of 50 basis points
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Foreign exchange: SBP’s reserves up 0.7%, amount to $13.556b
SBP’s liquid foreign exchange reserves increased $95 million to $13,556 million compared to $13,461 million
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Banknotes: Old designs to become illegal from Dec 2016
SBP issued a new design banknote series in 2005 to improve the security, durability and aesthetic quality of banknotes
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Religious seminaries not linked with terrorism, says Nisar
Says agreements reached on registration of seminaries; review of audits; committee formed to finalise new syllabi,
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Banks discriminating: SBP says complaints being received
A special unit in CPD of the SBP has been created for handling grievances against such discriminatory practices
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SBP faces calls of abandoning Rs5,000 banknotes
Deputy governor of central bank agrees on the need for a study
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SBP deputy governor’s appointment raises eyebrows
Selection viewed as a conflict of interest, violates central bank’s Act of 1956
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QAU alumnus: SBP governor vows to support alma mater
The financial constraint is the main hurdle towards achieving its desired goals of providing best infrastructure
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SBP launches new five-year financial strategy
Governor proposes Pakistan, China should trade in their own currencies
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NA passes bill, State Bank of Pakistan to take decisions independently
Monetary policy committee set up which will have outside experts
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Foreign exchange: SBP’s reserves reach $13.767b
Total liquid foreign reserves held by the country stood at $18,822.1 million