1 March, 2021, 1:30 pm
ANZ Regional Executive Tessa Price, second left, ANZ chief executive officer Saud Minam, Reserve Bank of Fiji governor Faizul Ariff Ali and RMIT University researcher Marica Tabualevu, third from right, with ANZ staff members during the 2019 Moneyminded Impact Report launch at the ANZ House in Suva on Tuesday, October 08, 2019. Picture: JONACANI LALAKOBAU
A training of trainers workshop will see participants build up on their financial education as part of a wider COVID-19 economic response financial literacy outreach campaign.
About 32 participants will go through the ANZ Bank’s MoneyMinded program and upon completion of the program, assist the Reserve Bank of Fiji in raising greater awareness and education on financial literacy.
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.
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.
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.