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Shell Pakistan Ltd on Tuesday reported a loss after tax of Rs4.82 billion and loss per share at Rs45.05 compared to loss of Rs1.49bn and loss per share at Rs13.88 incurred in 2019. File photo
KARACHI: Shell Pakistan Ltd on Tuesday reported a loss after tax of Rs4.82 billion and loss per share at Rs45.05 compared to loss of Rs1.49bn and loss per share at Rs13.88 incurred in 2019.
The company stated in a press statement that the second half of the year saw significant recovery with a profit after tax in comparison to a very tough first half of the year primarily affected by the global pandemic resulting in declining fuels market and volatility in the international oil prices.
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SBP allows banks to accept third party guarantee for house financing
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File photo of state bank of Pakistan.
SBP has allowed banks to accept a personal guarantee of a third party for low-cost house financing.
The guarantee will remain valid for a maximum period of one year.
The SBP issued five regulatory relaxations to incentivise banks to promote low-cost housing finance in the country.
KARACHI: With an aim to facilitate the banks in extending low-cost housing finance, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee of a third party for low-cost house financing to cover mortgage risks,