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Saturday Oct 1, 2016, Zul-hijjah 28, 1437 Hijri
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Types of Loans and When to Use Them

There are various ways credit is extended to someone in the form of a loan, and there are various types of loans, however, so simplify matters, loans can be divided into one of two categories, secured or unsecured.

A secured loan is a loan that has a tangible, physical item that the loan was granted for, such as a house or car.  Unsecured loans are loans or lines of credit, that there is no collateral or physical object that the loan was used to purchase.  Secured loans have something that can be repossessed or taken back if the borrower fails to make the agreed payments.  Unsecured accounts do not have anything to repossess. Here are some types of loans and when they may be used: Mort... Full Story

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APTMA reacts on tax policies, failure to outline power plan

LAHORE: All Pakistan Textile Mills Association (APTMA), expressed mixed reaction on government`s tax policies, its failure to outline a plan for power sector and to stimulate economic recovery.
 
 
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NADRA proposes SIM verification through biometrics

Islamabad: National Database and Registration Authority (NADRA) has proposed a comprehensive solution of Biometric based verification of CNICs for issuance of SIMs to the Telcos.

Islamabad: National Database and Registration Authority (NADRA) has proposed a comprehensive solution of Biometric based verification of CNICs for issuance of SIMs to the Telcos. In this regard NADRA conducted a live demonstration of Biometric verification of computerized national identity card for issuance of SIMs, to the TELCOs Todays at NADRA Headquarters. NADRA gave a comprehensive presentation and addressed technical issues raised by telecom companies, NADRA spokesman said in a statement issued here. She said the representatives of the telecom companies and PTA took part in the verification of their biometric impressions through the proposed solution. The proposed solution conforms to the requirements of PTA directives in vogue. NADRA has also floated the draft agreement... Full Story
 
 
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