KARACHI: The World Bank is preparing a housing finance plan to help Pakistan meet its growing demand for residential units...
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...
KARACHI: With housing finance gradually picking up the pace amid the government’s push to promote homeownership, Pakistan Mortgage Refinance Company (PMRC) is expecting to issue its first mortgaged-backed bond in the next couple of years...
PMRC is one-of-a-kind government-backed company that provides long-term liquidity to banks that are primary mortgage lenders...
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...
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...
“There was a decrease in the number of borrowers in each category except in Islamic banks,” the State Bank of Pakistan (SBP) observed in its latest Quarterly Housing Finance Review, released on Monday...
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...
Susini said that with SRC’s intervention, LTFRs could ultimately account for half or 60pc of the mortgage market rather than their current level of a third...
ISLAMABAD: The mortgage finance market in Pakistan remains critically underdeveloped whereas the supply of housing for low-income groups in the country remains negligible despite high demand, the International Finance Corporation (IFC) of the World Bank Group has said in a study...
The study called “Pakistan Housing Finance — Is There a Business Case for Financial Institutions” has gone on to state that despite the acute demand for...
com apologised for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media...
com offers mortgage and insurance products to homeowners through its online platform...
Prominent cleric and head of Pakistan Awami Tehreek (PAT) Tahirul Qadri, on his return to Pakistan on Tuesday, said that he had come back to seek justice for the victims of the 2014 Model Town incident and their families...
In June 2014, seven people, including members of the PAT, were killed during a clash between PAT protesters and policemen in Lahore...
WASHINGTON: Wars in Pakistan and Afghanistan have killed at least 149,000 people between 2001 and 2014, says a recent report by a US think-tank...
The 149,000 deaths include US military members, contractors, as well as at least 26,270 civilians in Afghanistan, and 21,500 in Pakistan...
India faces Pakistan’s football team on the opening day of the South Asia Football Federation (SAFF) Championship on Wednesday, the first time it has hosted the national team from its neighbour and arch adversary since 2014...
Pakistan’s team arrived shortly after, while some in the crowd chanted “India”...
Problem was that he hadn’t paid FIFA or its ticketing associate MATCH services that was handling tickets for the World Cup in Brazil; instead he’d paid the Pakistan Football Federation (PFF) for the tickets...
In what seems to be a breach — and a big one for that matter from what recent developments show — officials of Pakistan’s football governing body were re-selling tickets, and that too at a higher price...
The reserves, piled up in the past decade due to high crude prices, dropped from $732bn at the end of 2014 to $683bn at the end of April, Saudi firm Jadwa Research said in a report...
ISLAMABAD: Eleven Pakistani members of the Ahmadi religious minority were murdered for their faith in 2014 and authorities failed to apprehend any of the killers, a report said Monday, highlighting growing intolerance toward the sect...
In May, gunmen shot dead an American heart surgeon, Mehdi Ali, who was visiting Pakistan on a charity mission in Sindh...
PESHAWAR: A Peshawar High Court bench has summoned the counter-terrorism department’s DSP (investigation) along with the relevant records over a plea of the father of a student martyred in the 2014 Peshawar Army Public School carnage that his statement be recorded by the agency probing the killings...
Meanwhile, the bench also adjourned hearing into another petition filed by slain APS student Asfand Khan’s father, advocate Ajun Khan,...
An Anti-Terrorism court (ATC) in Islamabad on Friday ordered Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan to record his statement in four cases — including the Asmatullah Junejo assault case — registered after the PTI's months-long 2014 dharna which left the capital city paralysed...
"Referring to this 2014 dharna, Khan claimed the sit-in was "politically driven"...