Pakistan News

    Berkadia Mortgage Company Hyderabad

  • World Bank promises support to expand mortgage lending in Pakistan

    In this connection, a World Bank delegation, including representatives of Pakistan Mortgage Refinance Company (PMRC), met National Bank of Pakistan (NBP) President Saeed Ahmad on Wednesday...

    Banks shy away from housing finance because of long-term engagement of fundsThe World Bank will provide Pakistan with support to expand conventional mortgage lending, increase housing finance for the low-income segment, build capacity and ensure...

  • Goldman Sachs to pay $5bn in mortgage bond pact

    06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the US Department of Justice said on Monday...

    The settlement, which Goldman disclosed in January, stems from the firm’s conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2007 and 2009, the Justice Department said...

  • Number of mortgage borrowers falls

    KARACHI: The number of mortgage borrowers dropped 4 per cent to 67,625 from 70,368 during the 12 months ending on March 31 as house prices skyrocketed to record levels...

    The House Building Finance Company Ltd (HBFCL) and public sector banks reported fresh disbursement of Rs878 million and Rs216m, respectively...

  • Saudi refinance firm plans Islamic bond issues to fund mortgage drive

    RIYADH: Government-owned Saudi Real Estate Refinance Co (SRC) plans to begin issuing Islamic bonds in coming months to finance its drive to expand the kingdom’s home mortgage market, its chief executive said on Monday...

    The company aims eventually to refinance 20 per cent of Saudi Arabia’s primary home loans market, which authorities hope to expand to 500 billion riyals by 2020 and 800 billion riyals by 2028 from 290bn riyals now... ...

  • Nepra fines power company for delays in submission of data

    ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) imposed on Monday a fine of Rs1 million on the Central Power Purchase Agency (CPPA), also known as the National Transmission and Despatch Company (NTDC), for failing to provide information needed for monthly fuel price adjustments within the stipulated time...

  • Comedy troupe Bhai Log Company is ready for a comeback

    A comedy troupe trusted to take the mickey out of those in the limelight, the Bhai Log Company has announced its comeback in a teaser image put up on its Facebook page and website...

    According to the Bhai Log Company website, this new show will take place on August 8 at Karachi's Royal Rodale Club...

  • Alphabet passes Apple as world’s biggest company — now what?

    NEW YORK: Even before it became a household name, Google parent Alphabet has become the world’s most valuable company, vaulting past Apple in a sign of an evolving technology landscape...

    Apple ends a run of four years as the world’s largest publicly traded company, having overtaken Exxon Mobil on January 25, 2012...

  • Private company blocked from importing 20pc cheaper LNG

    ISLAMABAD: Amid legal vacuum surrounding the sale of around 140,000 tonnes of imported liquefied natural gas (LNG) to a few bulk consumers, a private company’s bid to arrange import of 20 per cent cheaper commodity is reported to have been blocked...

    A senior government official said the CNG industry represented by Universal Gas Company had struck a deal with an LNG supplier at less than $7 per million British thermal units (mmbtu)...

  • All the world’s a stage: UK’s Royal Shakespeare Company in first tour of China

    LONDON: Britain’s Royal Shakespeare Company embarks on its first major tour of China in 2016, presenting the Bard’s history plays about bloodshed, honour and kingship in mediaeval England to a new and potentially vast audience...

    Marking 400 years since William Shakespeare’s death, the prestigious theatre company will take productions of Henry IV Part I, Henry IV Part II and Henry V to Beijing, Shanghai and Hong Kong in February and...

  • Royal Shakespeare Company founder Peter Hall dies

    LONDON: British director Peter Hall, who founded the Royal Shakespeare Company in 1960 and is credited with the boom of post-war British theatre, has died at the age of 86, the National Theatre said on Tuesday...

    Hall stayed at the Royal Shakespeare Company until 1968, after which he became head of the National Theatre in 1973 and oversaw its transfer to the South Bank arts centre...

  • Driver of ride-hailing company shot dead in Karachi

    Police are investigating the alleged murder of a driver working for a ride-hailing company who was found dead in his car in Karachi's Korangi area earlier this week, police said on Friday...

    "The victim was associated with a ride-hailing company but at time of the incident, his vehicle was "offline", Abbasi said...

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