Banking & Finance

 In pursuit of its agenda to promote ease of doing business and digitalisation, the Securities and Exchange Commission of Pakistan (SECP) has launched a portal for expeditious bank account opening of newly registered companies. The online portal provides banks real time access to statutory records of companies, thus enabling them to open corporate accounts without …

SECP New Portal to Facilitate Fast Opening of Bank Account of New Companies Read More »

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, …

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

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, …

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