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Website. nbp.com.pk. National Bank of Pakistan (NBP) (Urdu: نیشنل بینک آف پاکستان) is a Pakistani government -owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of December 2022, it has over 1,500 branches across Pakistan.
At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports. [27] The consistent depreciation of the rupee is said to be deepening the economic crisis. [28]
The history of the National Savings Organisation in Pakistan dates back to the British Raj when the Government Savings Bank Act, 1873 was promulgated. [2] During the First and Second World War, the British government used the then National Savings Bureau (NSB) to raise funds to meet war-related expenses. [3]
Website. sbp.org.pk. The State Bank of Pakistan (SBP) (Urdu: اسٹیٹ بینک پاکستان) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably ...
In May 2016, UBL was adjudged ‘Best Bank 2016’ at the first Pakistan Banking Awards [28] held under the auspices of the Institute of Bankers Pakistan. The ‘Best Bank’ category recognizes a bank that has demonstrated the most significant contribution to national development and the most effective management of its resources including its employees, clients, franchise, community, and ...
On 13 December 2019, the project was approved by the government of Pakistan and the World Bank at a total cost of $482.75 million in Islamabad; of this, $22.15 million will be contributed by Pakistan, and the remaining $460.60 million will be based on concessional funding as committed by the World Bank.
Pakistan joined IMF on 11 July 1950 as newly established country was facing fiscal problems since its creation in 1947 from British India. In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $264,014 in 2023) [originally the loan-amount is given in SDR; [4] for this article it is ...
The Benazir Income Support Programme (BISP) is a federal unconditional cash transfer poverty reduction program in Pakistan. Launched in July 2008, it was the largest single social safety net program in the country with nearly Rs. 90 billion ($900 million) distributed to 5.4 million beneficiaries in 2016. [3]