SBP gives mandatory targets to banks to increase housing & construction financing to at least 5% of private sector credit by December 2021

To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory target for banks to extend mortgage loans and financing for developers and builders. Banks will be required to increase their… Continue reading

Call for restructuring of FPCCI for an effective role in policy making

RAWALPINDI: Islamabad Chamber of Small Traders (ICST) has asked the government to restructure Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and introduce meaningful reforms in the organization so that it could play an effective role in a policy making. “FPCCI should be modernized through its regulator which is… Continue reading

Government forms Council of Business Leaders

KARACHI: The government constituted a 22-member Council of Business Leaders on Thursday aimed at getting input from the private sector to boost exports and create jobs. Prime Minister Imran Khan will be the chairman of the council which will have representation from leading sectors of the economy, according to a… Continue reading