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Karandaaz announces equity investment of Rs600m in NRSP's subsidiary APCL – Latest News – The Nation

Karandaaz announces equity investment of Rs600m in NRSP's subsidiary APCL – Latest News – The Nation
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United Kingdom , Rashid Bajwa , Asset Growth Programme , Collateral Management Companies Regulations , National Rural Support Programme , Exchange Commission Of Pakistan , Agriculture Processing Company Limited , Commonwealth Development Office , Karandaaz Pakistan , Navid Goraya , Chief Investment Officer , Naymat Collateral , Development Office , State Bank , Exchange Commission ,

Karandaaz becomes major shareholder of PCGC


Karandaaz becomes major shareholder of PCGC
National
December 28, 2020
ISLAMABAD: The government has approved the sale of majority shareholding of the state-owned Pakistan Credit Guarantee Company (PCGC) to the UK-funded entity Karandaaz by converting billions of rupees worth of unspent grants into equity.
The sale was approved despite the fact that the Ministry of Finance had raised key questions in writing at the initial stage. Out of grant money of £50 million, the unspent funds stood at Rs3.5 billion lying with the State Bank of Pakistan (SBP). The funds were invested into T-bills so the principal and mark-up amount increased to Rs6.5 billion in the last 12 years from 2008 through 2020. ....

United Kingdom , Northern Ireland , Pakistan Credit Guarantee Company Limited , Pakistan Credit Guarantee Company , Asset Growth Programme , Department For International Development , Development Office , Financial Inclusion Program , United Kingdom Funded , State Bank , International Development , Technical Cooperation , Challenge Fund , Financial Inclusion Innovation , Foreign Commonwealth , Guarantee Scheme , Finance Division , Karandaaz Pakistan , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் வரையறுக்கப்பட்டவை , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் , சொத்து வளர்ச்சி ப்ரோக்ராம் , துறை க்கு சர்வதேச வளர்ச்சி , வளர்ச்சி அலுவலகம் , நிதி சேர்த்தல் ப்ரோக்ர்யாம் ,

Pakistan Credit Guarantee Company: Karandaaz becomes major shareholder


Top Story
December 28, 2020
ISLAMABAD: The government has approved the sale of majority shareholding of the state-owned Pakistan Credit Guarantee Company (PCGC) to the UK-funded entity Karandaaz by converting billions of rupees worth of unspent grants into equity.
The sale was approved despite the fact that the Ministry of Finance had raised key questions in writing at the initial stage.
Out of grant money of £50 million, the unspent funds stood at Rs3.5 billion lying with the State Bank of Pakistan (SBP).
The funds were invested into T-bills so the principal and mark-up amount increased to Rs6.5 billion in the last 12 years from 2008 through 2020. ....

United Kingdom , Northern Ireland , Pakistan Credit Guarantee Company Limited , Pakistan Credit Guarantee Company , Asset Growth Programme , Department For International Development , Development Office , Financial Inclusion Program , United Kingdom Funded , State Bank , International Development , Technical Cooperation , Challenge Fund , Financial Inclusion Innovation , Foreign Commonwealth , Guarantee Scheme , Finance Division , Karandaaz Pakistan , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் வரையறுக்கப்பட்டவை , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் , சொத்து வளர்ச்சி ப்ரோக்ராம் , துறை க்கு சர்வதேச வளர்ச்சி , வளர்ச்சி அலுவலகம் , நிதி சேர்த்தல் ப்ரோக்ர்யாம் ,

Pak Credit Guarantee Co: Karandaaz becomes major shareholder


Top Story
December 28, 2020
ISLAMABAD: The government has approved the sale of majority shareholding of the state-owned Pakistan Credit Guarantee Company (PCGC) to the UK-funded entity Karandaaz by converting billions of rupees worth of unspent grants into equity.
The sale was approved despite the fact that the Ministry of Finance had raised key questions in writing at the initial stage. Out of grant money of £50 million, the unspent funds stood at Rs3.5 billion lying with the State Bank of Pakistan (SBP).
The funds were invested into T-bills so the principal and mark-up amount increased to Rs6.5 billion in the last 12 years from 2008 through 2020. Now the ECC has approved a change in the shareholding structure of the PCGC under which the shareholding of the Government of Pakistan in the company has been reduced to 49 percent from the earlier 70 percent. ....

United Kingdom , Northern Ireland , Pakistan Credit Guarantee Company Limited , Pakistan Credit Guarantee Company , Asset Growth Programme , Department For International Development , Development Office , Financial Inclusion Program , United Kingdom Funded , State Bank , International Development , Technical Cooperation , Challenge Fund , Financial Inclusion Innovation , Foreign Commonwealth , Guarantee Scheme , Finance Division , Karandaaz Pakistan , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் வரையறுக்கப்பட்டவை , பாக்கிஸ்தான் கடன் உத்தரவாதம் நிறுவனம் , சொத்து வளர்ச்சி ப்ரோக்ராம் , துறை க்கு சர்வதேச வளர்ச்சி , வளர்ச்சி அலுவலகம் , நிதி சேர்த்தல் ப்ரோக்ர்யாம் ,