Source: Reuters
KARACHI, May 8 (Reuters) - Pakistan’s central bank said it will sell Treasury bills to commercial banks on Thursday in two repo contracts to mop up funds from the money market.
The State Bank of Pakistan did not say how much money it will absorb in the open market operation.
The result of the auction will […]

[Read more →]

Sources : Reuters
Pakistan’s foreign reserves fell by $41 million to $12.611 billion in the week that ended on April 26, the central bank said on Friday.
Reserves held by the State Bank of Pakistan fell to $10.367 billion from $10.447 billion a week earlier, while those held by commercial banks rose to $2.244 billion from […]

[Read more →]

Source: The Economis Times
KARACHI: Pakistan’ foreign exchange reserves fell by $19 million to $15.55 billion in the week that ended on Jan. 5, the central bank said on Friday.
Reserves held by the State Bank of Pakistan fell to $13.27 billion from $13.50 billion a week earlier, while those held by commercial banks rose to […]

[Read more →]

Source: Daily Times
KARACHI: The size of Pakistan’s financial sector, which has grown rapidly in the last few years has increased by almost Rs 900 billion (32 percent growth over December 2005) and reached Rs 6.9 trillion by June, 2007.
Banks, with a share of 72 percent in total assets, continue to dominate the asset base […]

[Read more →]