Tag: Fund

ISLAMABAD: Engineering Development Board (EDB) and SME Business Support Fund (BSF) have agreed to collaborate in the promotion of the engineering industries of Pakistan to cultivate greater productivity and competitiveness in local industry to allow it to develop a stronger presence in international markets. A Memorandum of Understanding (MoU) in this regard was signed between EDB CEO Aitazaz A Niazi and the Fund's Chief Syed Saquib Moyuddin. The objective of the partnership is to

KARACHI: The State Bank of Pakistan has decided to allow third-party fund transfers through Pakistan Real Time Inter-Bank Settlement Mechanism (PRISM) with immediate effect in order to increase coverage of electronic payment systems.
According to a Circular (PSD Circular No. 2) issued today, all participating banks of PRISM are allowed to send individual third Party Fund Transfers (using MT 103) through PRISM System for amounts of Rs 10 million and above. "This, limit, however,

KARACHI - IGI Investment Bank has introduced a unique web-based portal, namely "Fund Select Portal", to provide corporate and retail investors with a swift access to investment information. This was stated by IGI Managing Director Syed Javed Hassan, while addressing a press briefing, at a local hotel on Thursday. "It is my privilege and honour to introduce the Fund Select Portal," the CEO said. He claimed that the web portal was just another milestone achieved by the bank, driven by

karachi - All Pakistan Newspaper Society expressed gratitude to Prime Minister Yousuf Raza Gilani for accepting its requests in a meeting in Islamabad. Hameed Haroon, President APNS had told the PM that APNS was going to establish an office in Karachi and needed Rs 50 million from the government, also requesting the PM to lay the foundation stone of the building. PM agreed to both these requests and said the amount will be paid in two installments. The APNS delegation also asked the

BRUSSELS - European Union leaders agreed on Thursday to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.
But at Germany's insistence, the 27 leaders said the long-term crisis-resolution mechanism, to be added to the EU's governing treaty, could only be activated "if indispensable to safeguard the stability of the euro as a whole". They also decided there was no