Tag: Financing

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) through the Karachi Stock Exchange (KSE) has warned KSE members against outlawed practices like in-house financing while using the newly-introduced leveraged products, Margin Financing and Margin Trading System (MTS).
"Outlawed practices like in-house financing which is discriminating and, if practiced, it brings greater market risk," KSE notice, KSE/N-1780, quoted the SECP as advising the members. Citing a SECP

ISLAMABAD - The US has assured Pakistan that it would take up the issue of financing for $13 billion Diamer Bhasha dam under the Kerry Lugar Bermen (KLB) bill disbursements for the next fiscal year 2011-12.
An official source said US had asked Pakistan to perform the ground breaking ceremony of the project that would help getting timely financing for the project from the US government from next fiscal year's releases under KLB bill.
He said no details had been worked out

KARACHI - The State Bank of Pakistan has decided to increase the maximum financing limit to a single export oriented project under the Long Term Financing Facility (LTFF) Scheme for Plant and Machinery to Rs 1.5 billion.
Previously, the maximum financing limit under LTFF) Scheme was Rs 1.0 billion. The central bank, through issuing SMEFD Circular Letter No 04, notified this revision to the banks and development financial institutions (DFI). However, the regulator said, banks and

KARACHI - The State Bank of Pakistan (SBP) has revised the credit limit for banks and Development Financial Institutions (DFI) under consumer financing at Rs 5.0 million.
The central bank has also allowed commercial banks and DFIs to waive the requirement of 50 percent debt burden in case the borrower's credit card and personal loan happens to be properly secured through liquid assets with a minimum 30 percent margin.
The State Bank introduced the new regulations with

KARACHI - In a move thought to be in line with the conditions on subsidies stipulated by the International Monetary Fund (IMF) under stand-by arrangement, the State Bank of Pakistan (SBP) on Friday revised the banks' refinancing rates for the exporters by one percent.
After the latest revision which, the State Bank said would come into effect from January 2011, exporters will find the cost of borrowing from the commercial banks adjusted by one percent to stand at 11 percent

KARACHI: The State Bank of Pakistan (SBP) has advised commercial banks and Development Financial Institutions (DFIs) to contact the SBP Banking Services Corporation (SBSC) with regards to the processing of pending claims with respect to export finance mark-up rate facility and mark-up rate support for textile sector against the long-terms loans.
According to SBP circular (SMEFD Circular Letter No 14) issued on Wednesday, the ministry of textile industry has released necessary

ADDIS ABABA: At the climate-change summit in Copenhagen last December, political leaders expressed a strong will to urgently combat global warming. As we approach the next climate-change summit in Canc

KARACHI: The State Bank of Pakistan (SBP) Tuesday asked commercial, microfinance banks (MFBs) and development financial institutions (DFIs) to provide relief to the borrowers in both the agriculture and small and medium enterprises (SME) sectors.
It plans to introduce a concessional financing scheme, for up to Rs 10 billion to be disbursed in 78 flood-affected districts of the country, identified by the National Disaster Management Authority (NDMA).
The State Bank took the

ISLAMABAD
Pakistan has asked the World Bank (WB) and the Asian Development Bank (ADB) to provide $3 billion in additional financing instead of diverting the funding by reprioritising the existing projects for the country, State Minister for Finance and Economic Affairs Hina Rabbani Khar said on Thursday.
Addressing a press conference, the minister said that project loans already approved by both institutions were in the pipeline and their reprioritisation could affect the