Bank of Punjab Becomes Market Maker for Debt Securities on PSX
The Bank of Punjab (BOP) has become the market maker for debt securities at Pakistan Stock Exchange (PSX). It is the second bank to join the equity market after Bank Alfalah, while more banks are likely to come in near future.
An agreement was signed between PSX and BOP today at PSX Trading Hall, whereby BOP becomes the first bank to be recognized as Market Maker for both conventional and Shariah Compliant debt instruments on PSX.
The agreement was signed between MD & CEO of Pakistan Stock Exchange, Farrukh H. Khan, and President & CEO, Bank of Punjab, Zafar Masud. Also present at the ceremony were the BOP Group Head of Treasury and FIs, Khawar Ansari, and senior management of both the organizations.
BoP & PMRC ink agreement for affordable housing finance
National
December 16, 2020
LAHORE: The Bank of Punjab and Pakistan Mortgage Refinance Company (PMRC) join hands for providing and promoting affordable housing finance in the country by signing a Credit Guarantee Agreement with Credit Guarantee Trust for low-cost housing, set up by the government with PMRC as trustee. The BoP has become the first bank in Pakistan which has signed a master credit guarantee agreement to avail risk cover for low-income housing finance. BoP has also partnered with PMRC and obtained a refinancing facility. These initiatives will help the bank to partially alleviate the credit risk entailed and provide affordable mortgage facilities to the low-income persons particularly those in the informal sector. The government is committed to providing affordable housing finance to its citizens for economic and social development. BoP President Zafar Masud said, “Housing sector is a niche for us as a growin