Day: February 11, 2022

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Banks Investments Soar to Another All-Time High of Rs. 14.4 Trillion

The investment of the banking sector reached an all-time high in January to Rs. 14.4 trillion, mainly due to the improved profit rates on the government’s papers and various savings products.

According to the State Bank of Pakistan (SBP), the investments of the banks have surged by 2.13 percent to Rs. 14.4 trillion in January 2022 compared to Rs. 14.1 trillion reported a month earlier.

The recently enhanced profit offered on Treasury Bills, Pakistan Investment Bonds, and Government Ijarah Sukuk, attracted banks to park more investment in these avenues to make margins for their profitability.

On the other hand, the deposits and advances of the banks saw a decline in January 2022 compared with December 2021.

The deposits of the banking sector were reduced by 4.80 percent to Rs. 19.9 trillion in January 2022 as compared to Rs. 20.9 trillion reported in December 2021. The advances of the banks decreased to Rs. 9.9 trillion in January from Rs. 10.1 trillion in December.

The slump in deposits is seasonal, however, the drop of advances could be attributed to higher interest rates, which kept borrowers at bay from borrowing from the banks.

Source: Pro Pakistani

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KP govt taking measures to provide relief to people: CM Mahmood

Khyber Pakhtunkhwa, Chief Minister Mahmood Khan says the government is taking measures to provide maximum relief to the people.

Presiding over a meeting in Peshawar on Friday, he said provincial government is seriously considering giving assistance to the people on daily commodities and edible items in the next budget.

Mahmood Khan said a subsidy of fifteen billion rupees has been given on wheat this year.

During the meeting, matters pertaining to the performance of the food department and digitization were also discussed.

Source: Radio Pakistan

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Dr Yasmin terms Qaumi Sehat Card Program biggest package of country’s history

Punjab Minister for Health Dr Yasmin Rashid says Prime Minster Imran Khan has given biggest package of country’s history to the people of Punjab by providing them Naya Pakistan Qaumi Sehat Card.

Addressing a meeting in Lahore on Friday, she said maximum hospitals are being included in the panel to provide ease to the families holding Naya Pakistan Qaumi Sehat Card in Punjab.

She said a state-of-the-art media strategy unit is also being set up in the Department of Primary and Secondary Healthcare to educate the public about health facilities and address their grievances.

Source: Radio Pakistan

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UNDP delegation calls on Sindh CM in Karachi

A delegation of United Nations Development Programme led by its resident representative Knut Ostby called on Sindh Chief Minister Syed Murad Ali Shah in Karachi on Friday and discussed policy and planning of Sustainable development goals 2022-2030.

The delegation was informed that a unit has been established at planning and development department to implement SDGs in the province.

Source: Radio Pakistan

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Ambiguity being removed in Laws for welfare of special persons: Asad

Speaker National Assembly Asad Qaiser visited Fountain House in Lahore today [Friday].

During visit, he inaugurated new outdoor patient department’ Rehabilitation Block.

Speaking on the occasion, Asad Qaiser said a Committee has been formed at National Assembly to review ambiguity in laws and take special measures for welfare of special persons.

He stressed on market- driven education which will create employment opportunities.

Source: Radio Pakistan

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Today’s PSL Schedule – Feb 11th, 2022: Lahore Eye 2nd Spot on PSL Points Table

Follow the updated PSL 2022 schedule here.

Lahore Qalandars have their eyes set on the second spot in the points table as they take on invincible Multan Sultans in the 17th match of Pakistan Super League (PSL) season seven on Friday.

With three wins from five games, Lahore are already placed third on the points table. A win against Sultans – the only undefeated side in the tournament – would lift them to the second spot.

On the other hand, relentless Multan Sultans have been doing nothing wrong. With every game, they are becoming a side-to-beat for other franchises. The way they brushed aside Peshawar Zalmi by 42 runs on Thursday, made them look even more formidable.

However, it is to be noted that Lahore were the only side that scored 200+ runs against Sultans bowling lineup in Karachi. With action shifted to Lahore, the conditions would be conducive for the home team.

Source: Pro Pakistani