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Govt plans to give Rs1.6tr loans under new programme


July 29, 2021
ISLAMABAD: The government has decided to launch an ambitious Kamyab Pakistan Programme (KPP) to uplift 4.5 million underprivileged households to disburse Rs1.6 trillion subsidised loans.
In the past, governments had made such plans but they never succeeded to lure the banking sector first of all and secondly customers because of inability to adopt simplified procedures. According to an official statement, Federal Finance and Revenue Minister Shaukat Tarin has chaired a meeting of the Steering Committee and Advisory Board of the Kamyab Pakistan Programme (KPP) through a video-link which was participated in by
SAPM on Finance and Revenue Dr. Waqar Masood, SAPM on Youth Affairs Mr Usman Dar, RSPN Chairman Shoaib Sultan, Finance Secretary Yusuf Khan, Akhuwat Executive Director Dr Amjad Saqib, PMN CEO Mohsin Ahmed, NRSP CEO Rashid Bajwa, HBL Chairman Sultan Ali Allana, BoP President Zafar Masud, Kashaf Foundation MD Roshaneh Zafar, Ex-SBP governor Syed Salim ....

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Tarin chairs CMAC meeting to reform capital markets


Daily Times
The underlying rationale is to attract investors, especially ones with lesser resources, to contribute in capital markets
July 20, 2021
Federal Minister for Finance and Revenue Shaukat Tarin chaired the first meeting of the Capital Market Advisory Council (CMAC), which was established to introduce reforms in the capital markets in the country.
According to press statement issued by the finance ministry, Special Assistant to Prime Minister on Finance and Revenue DrWaqar Masood, Secretary Finance Division, Chairman Securities and Exchange Commission of Pakistan (SECP) Aamir Khan, Chairman HBL Sultan Ali Allana and other senior officials participated in the meeting.
Governor State Bank of Pakistan (SBP) Reza Baqir joined through a video link, the statement added.Capital Market Advisory Council was established (CMAC) in April 2020 under the Capital Market Development Plan (CMDP). ....

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