Business Mortgage Finance

NPMC was informed that prices of Garlic, Tomatoes, Eggs, LPG Cylinder, Gur, Sugar, Pulse Gram, Pulse Masoor have shown decline in the prices during the last week. It was informed that prices of tomatoes have reached to the prices as four years earlier. With Islamic finance progressing rapidly over the last decade, questions have started arising on its role in developing a more sustainable, and inclusive world through the religio-based economic system.

The Finance minister took notice and ensured to resolve legitimate concerns at earliest time possible. Ministry of Energy submitted a summary for allocation of Gas from Togh Field on commercial basis. The ECC after discussion allowed up to 16 MMCFD gas from Togh Field to SNGPL on commercial basis. The wellhead price of the gas will be decided by the concerned regulator under the applicable rules and policy. ECC considered and approved a summary presented by Ministry of Commerce on proposed amendments in the import and export policy order 2020 for the development of Integrated Tariff Management System for Pakistan Single Window .

JCBIF Journal of Contemporary Business and Islamic finance is licensed under aCreative Commons Attribution 4.0 International License. To aurhors,JCBIF does not charge article processing fee.Interested in submitting to this journal? For more details,We recommend that you review the About the Journal page for the journal's section policies, as well as the Author Guidelines. Authors need to register with the journal prior to submitting or, if already registered, can simply log in and begin the five-step process. Ministry of Industries and Production tabled a summary for the import of Urea from China by TCP. The ECC after deliberation allowed import of 50,000 MT of Urea on GoG basis with People’s Republic of China on immediate basis subject to clearance from the PSQCA.

Financing

To buttress the efforts of economic stabilization Government of Pakistan has been in communication with the Chinese authorities for the roll-over/refinancing of all ongoing facilities upon their maturity. Two facilities of worth USD 4.3 bn matured in the month of March, of which SAFE deposits worth USD 2 billion have been rolled over and the roll-over of the syndicate facility of RMB 15,000 million (i.e., approximately USD 2.3 bn) is being processed. Tijarah is especially for those customers who sell their inventory on credit and require funds for operations during the credit period. In Tijarah, the Bank purchases the finished goods from the customer and after taking the delivery, sells the goods in the market through its agent which may be a customer itself. In line with the vision of the Government of Pakistan, the State Bank of Pakistan launched a financing scheme by the name of Islamic SME Asaan Finance (I-SAAF), specifically targeted for the growth of small businesses. This financing scheme will provide SMEs with collateral free financing upto PKR 10mln at a discounted rate of 9% per annum.

China Set To Loosen Credit But Economic Woes May Be Too Deep For Quick Turnaround

The Finance Minister Mr. Shaukat Tarin underscored the significance of resolving outstanding issues between Etisalat and the Privatization Commission and moving ahead for a sustainable solution. The Finance Minister also highlighted prospects of foreign investment in Pakistan especially in IT and Telecom sector which is growing rapidly. The Government is providing conducive environment and incentives to attract foreign investment, he added. NPMC was informed that there was healthy decline in prices of daily commodities during the last week including prices of Pulses, Tomatoes, Chillies Powder, Potatoes, Onions, Eggs, Sugar, Gur, Wheat Flour bag.

Bs Accounting & Finance

The financing may only be availed by companies/customers who are not existing borrowers of Meezan Bank and may avail short-term working capital facilities or long term financing for purchasing commercial equipment, machinery, vehicles or property. The inauguration ceremony was graced by eminent people from banking, housing finance and media industry. Salaam Takaful Limited was incorporated in June, 2006 with its registered head-office in Karachi. With an authorized capital of Rs. 700 million, issued Capital of Rs. 500 million all fully paid-up as at 30 September 2018, the Company is sponsored by reputable financial institutions both local and foreign. House Building Finance Company Limited is the prime housing finance institution of the country, providing affordable housing solutions to primarily low and low-middle income groups of population by encouraging new construction in affordable housing sector. HBFC is striving to be a socially responsible and commercially sustainable housing finance institution.

Prepare performance summaries for branches based on P&L numbers communicated by the finance department. Under this fast track pathway you only sit for the final exam of the professional qualification . Through successful completion of this exam and the relevant work experience, you can qualify for CIMA membership and earn the professional global designation of Chartered Global Management Accountant conferred by CIMA and the American Institute of Certified Public Accountants. Those who have taken the HSSC or an equivalent examination and are awaiting result are also eligible to apply.The four-year undergraduate programs of full time study are divided into eight semesters. To apply for BS Accounting & Finance Programme, a candidate must have at least 45% marks or 2nd division in F.Sc./FA/I.Com./ICS/A level or equivalent.

The Government is bearing the revenue loss of around Rs.30 billion on account of budgeted to existing PL and ST rates and Rs. 260 billion annually due to reduced ST rate. Finance Minister Mr. Shaukat Tarin appreciated the efforts of the Government of the Punjab, KP, Baluchistan and Islamabad administration in providing key items at discounted prices through arranging Sastaa Bazaars. He further directed to establish such bazaars in more cities to provide maximum relief to the people.

A detailed presentation was given to the Finance Minister on the progress of Kamyab Pakistan Program. It was informed that after the success of first phase of Kamyab Pakistan Programme, the programme was extended throughout the country. Further, it was informed that the Programme is going successfully and a large number of applications for the award of loans are being received through SMS. The loans are being disbursed among deserving applicants after meeting the requirements. Includes growth capital, COVID support, business development and capacity building support provided through technical assistance. This dynamic two year program builds on the conceptual as well as practical knowledge related to SMEs.