Banks Can Accept Third Party Guarantee Against Low-Cost Housing Finance Scheme

To facilitate the banks in extending low-cost housing finance, the State Bank of Pakistan (SBP) eased off a major condition. SBP has allowed the banks to accept a personal guarantee of a third party until the completion of the housing unit and the perfection of the mortgage. Currently, applicants face difficulties in obtaining housing finance, …

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Banks Can Accept Third Party Guarantee Against Low-Cost Housing Finance Scheme

To facilitate the banks in extending low-cost housing finance, the State Bank of Pakistan (SBP) eased off a major condition. SBP has allowed the banks to accept a personal guarantee of a third party until the completion of the housing unit and the perfection of the mortgage. Currently, applicants face difficulties in obtaining housing finance, …

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Govt to Allow Private Firms to Import Covid Shots with No Price Caps

Pakistan is to allow private companies to import coronavirus vaccines and has agreed to exempt such imports from price caps, according to documents reviewed by Reuters, even as the nation scrambles to secure supplies. The documents show the National Health Services, Regulations and Coordination division of the health ministry had sought a special cabinet exemption …

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World’s First Bitcoin Exchange Traded Fund

Canada’s main securities regulator has cleared the launch of the world’s first exchange-traded bitcoin fund, the investment manager and the regulator said, giving retail investors greater access to the booming cryptocurrency. The Ontario Securities Commission gave Purpose Investments Inc the nod to roll out the Purpose Bitcoin ETF (exchange-traded fund) on the Toronto Stock Exchange. …

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