Karachi, February 01, 2021 : Bank Alfalah and The Beaconhouse Group one of Pakistan’s largest private school networks have signed a memorandum of understanding (MoU) to facilitate personal loan financing solutions for the employees of the Beaconhouse School System. The agreement was developed to make Bank Alfalah’s diverse range of quick and affordable financing solutions…
Karachi, August 11, 2020: State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the microfinance banks. Likewise, the maximum size of general loans has been enhanced from Rs150,000 to Rs350,000. Further, to commensurate with enhanced…
KARACHI, July 10, 2020: The PTI government has decided to reduced the markup rate for the Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) to increase it’s disbursement. Accordingly, following the directives of the federal government, the State Bank of Pakistan has revised the key features of the Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme…
Islamabad, April 17, 2020: The International Monetary Fund (IMF) board has approved the disbursement of US$1.386 billion under the Rapid Financing Instrument to address the economic impact of the Covid-19 shock. The Executive Board of the International Monetary Fund (IMF) on Thursday approved a purchase of Pakistan under the Rapid Financing Instrument (RFI) equivalent to…
Islamabad, January 20, 2020: Prime Minister Imran Khan is expected to distribute loan cheques among the successful applicants of the Youth Entrepreneurship Scheme (YES) from Sindh on January 27. The cheque distribution ceremony of the YES – a component of Kamyab Jawan Programme – would be held in Sindh by end of this month, Special…