House Building Finance Company

Ministry of Economic Affairs submitted a summary on G-20 Debt Service Suspension Initiative . The ECC allowed Ministry of Economic Affairs to sign 15 debt rescheduling agreements with various credit countries, finalized under Debt Service Suspension Initiative . The Chairman FBR also briefed the meeting on the steps being taken by the FBR for the resolution of the key issues being faced by the Pharma Industry and mechanism to settle the remaining issue related to refund of sales tax on APIs. The Committee was apprised that loans of more than Rs. 7.5 billion have been disbursed to more than 48 thousand beneficiaries.

Corporate And Building Projects

NPMC also discussed sugar prices in the country and directed Ministry of Industries and Production to expedite the process for building strategic reserves of sugar in the country and maintain stability in prices. The meeting also discussed Fertilizer situation in the country and directed Ministry of NFS&R to formulate strategy in consultation with provincial governments for giving adequate relief to the growers. The meeting expressed satisfaction on availability of daily commodities in Sastaa Bazars on discounted prices. Federal Minister for Privatization Muhammadmian Soomro, Chairman Privatization Commission, Secretary Finance and other senior officers participated in the meeting. Finance Minister Mr. Shukat Tarin highlighted long relationship of ADB with Pakistan and appreciated the role of ADB in extending support to Pakistan during testing times.

NPMC also discussed sugar prices in the country and was apprised that a slight decrease in the sugar prices have been witnessed in the last week. Further, the Chair directed Ministry of Industries and Production to expedite the process for building strategic reserves of sugar in the country to maintain stability in prices. On the prices of wheat flour, NPMC was informed that Wheat Flour prices in Quetta remained on higher side as compared to other parts of the country.

Seeking a finance professional to anchor business planning and budgeting for business banking. Possess membership of a recognised professional accounting body or degree in accounting/ finance or MBA/Master's in accounting or finance. The views and opinions presented in the research articles and conceptual papers in this journal are those of the writers and do not necessarily reflect the policy and/or stance of the IUB Journal of contemporary Business and Islamic finance . The meeting discussed the stock position of Wheat in the country and was informed that sufficient stocks of Wheat are available. Welcoming the guests, the Finance Minister highlighted government’s policies and initiatives to provide conducive environment to the investors and businessmen and steps for ease of doing business to both domestic and foreign investors. The project has been designed to provide basic civic amenities such as water supply, sanitation and solid waste management in the rural areas of selected Tehsils of Punjab.

Saadiq Personal Finance

After taking the delivery, these goods are locally sold/ exported by the customer acting as Bank’s agent. It is simply a sale transaction where the seller discloses the cost and profit to the buyer at the time of execution of sale. The Bank purchases the product from market through its agent which may be a customer itself and subsequently sell it to customer on spot/deferred payment. Meezan Bank offers complete solution to its customers for all their working capital needs for procurement of raw materials, purchase of assets for trading and to finance overhead expenses.

Available to the export oriented projects only if their annual export is equivalent to US $5 million or at least 50% of the sales whichever is lower. A Bank guarantee to indemnify a third party against default of payment, overdue or non-performance of contract by Bank’s customer. It is similar to Murabaha, however, in this Bank does not disclose the cost and profit to customer. House Building Finance Company inaugurated its first Customer Facilitation Centre for the ease of its customer, to cater their queries and provide them a one window solution. The facility of Bachat Scheme is being offered to all the operative account holders of Ghar Aasan Scheme - Flexi (GAS - Flexi) only, who are willing to avail the fixed rate mortgage facility i.e.

The Finance Minister heard all issues keenly and asked SBP and FBR to resolve their issues on priority basis. Chairman APBUMA briefed the Finance Minister on the working of APBUMA and informed that as member wise it is the largest association of SMEs in the country. This sector is one of the major contributors in terms of exports and contributing up to $2 billion in the revenue. He further apprised that the association is currently facing various problems especially related to sales tax refund and liquidity crunch.

The meeting also addressed operational issues arising in the easy access and disbursement process of loans and also discussed provision of linking Kamyab Kissan Programme with crop cycle. Government of Pakistan and People’s Republic of China have strong economic ties spanning over the last many decades. The ongoing financing facilities include SAFE deposits, bilateral as well as commercial loans.

Most feasible and pragmatic initiatives have been screened out by the committee members for dealing with inflationary pressure and recommended for further consideration. The Charge de Affaires, in his remarks, shared that Libyan government is aiming at enhancing the bilateral ties especially between businessmen of both the countries. NPMC was also briefed on the prices of Pulses in the country, NPMC was informed that there was stability in Moong prices and witnessed less prices as compared to its prices in the last year.

The Macroeconomic Advisory Group endorsed the government’s efforts being undertaken for dealing with the impact of rising prices on general population. All members shared contentment that new initiatives being undertaken by the government are in line with the sustainable macroeconomic stability paradigm. The Finance Minister Mr. Shaukat Tarin appreciated the contribution of APBUMA in economic growth of the country. Minister assured that government is actively carrying out all measures that could boost the SME sector. As growth of SME sector leads to employment generation, export promotion and boost overall business activity in the country.