KARACHI - The State Bank of Pakistan (SBP) has enhanced the coverage and quality of external debt statistics by adopting guidelines on Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF).According to the statement, the compilation of existing country specific table of external debt stock available at SBP website has accordingly been revisited and aligned with the International Investment Position (IIP) statement and international guidelines.It may be mentioned here that these debt instruments are already being reported through quarterly International Investment Position (IIP) of Pakistan statement available at SBP website of which external debt is a sub-set. The impact of enhanced coverage of external financial liabilities has resulted in rise of external debt by $5,470 million for March 31, 2012, which is almost all in non official sectors.It may also be pointed out here that the guidelines available in IMF’s External Debt Guide for Compilers and Users 2003 and SDDS Guide 2007 require to classify Inter-company Debt, Private Sector Trade Credits, Non-resident Deposits with Depository Corporations, overdrawn balances of non financial corporations and other debt liabilities as country’s external debt position.In order to bring these developments to the notice of internal and external stakeholders, a revision study has been prepared and made available on economic data page of SBP website.BankIslami results: BankIslami Pakistan Limited announced its half yearly results by reporting a profit after tax of Rs 229 million. The Bank continued its upward trajectory by registering a growth of 22.6pc in deposits, 21.6pc in assets and 80.1pc increase in earning per share. The Bank also commenced its network expansion after 3 years of consolidation with a target to take the network to 200 by end of 2013.The significant feature of this impressive financial performance is BankIslami becoming the first start-up Bank to clear all its accumulated losses. When in beginning 2003, State Bank started issuing new commercial banking licences and allowing conversion of foreign banking operations into local banks at least 10 new banks came to the market.Commenting on the results, the CEO of BankIslami, Hasan A Bilgrami said, we are obviously pleased with our performance and look to the future with greater optimism.

 Specifically, we would like to be one of the top ten Banking networks in the next few years significantly increasing our market share in the Islamic Banking segment and Banking industry on the whole.”