{"id":52462,"date":"2019-05-31T13:35:37","date_gmt":"2019-05-31T08:35:37","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52462"},"modified":"2019-05-31T13:35:37","modified_gmt":"2019-05-31T08:35:37","slug":"ecc-approves-pkr-20-billion-for-psx","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-approves-pkr-20-billion-for-psx.html","title":{"rendered":"ECC approves PKR 20 billion for PSX"},"content":{"rendered":"<p>Islamabad: The federal government has approved funds worth PKR 20 billion in a bid to stabilise the Pakistan Stock Exchange (PSX), a news source reported.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/ecc-lets-market-forces-determine-cement-prices.html\">ECC lets market forces determine cement prices<\/a><\/p>\n<p>Adviser to the Prime Minister (PM) on Finance Dr Abdul Hafeez Sheikh took a decision to this effect during a meeting of the Economic Coordination Committee (ECC).<\/p>\n<p>Previously, the Finance Division had requested the ECC to issue funds amounting to PKR 20 billion for making investments in the state-run National Investment Trust (NIT).<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-stock-exchange-improves-by-42000-index-points.html\">Pakistan Stock Exchange improves by 42,000 index points<\/a><\/p>\n<p>Last week, the finance adviser had assured stockbrokers at the Pakistan Stock Exchange (PSX) that the government would provide financial support to the capital market.<\/p>\n<p>Finance Ministry spokesperson Dr Khaqan Najeeb said that the government would issue a sovereign guarantee to a consortium of banks for lending PKR 20 billion to NIT for investment in the capital market.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/petroleum-division-requests-ecc-to-resolve-white-oil-pipeline-holdup.html\">ECC asked to resolve white oil pipeline holdup<\/a><\/p>\n<p>He added that the National Bank of Pakistan (NBP) is leading the consortium which comprises six other leading commercial banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has approved funds worth PKR 20 billion in a bid to stabilise the Pakistan Stock Exchange (PSX), a news source reported. Read: ECC lets market forces determine cement prices Adviser to the Prime Minister (PM) on Finance Dr Abdul Hafeez Sheikh took a decision to this effect during a meeting of the Economic Coordination Committee (ECC). Previously, the Finance Division had requested the ECC to issue funds amounting to PKR 20 billion for making investments in the state-run National Investment Trust (NIT). Read: Pakistan Stock Exchange improves by 42,000 index points Last week, the finance adviser had assured stockbrokers at the Pakistan Stock Exchange (PSX) that the government would provide financial support to the capital market. Finance Ministry spokesperson Dr Khaqan Najeeb said that the government would issue a sovereign guarantee to a consortium of banks for lending PKR 20 billion to NIT for investment in the capital market. Read: ECC asked to resolve white oil pipeline holdup He added that the National Bank of Pakistan (NBP) is leading the consortium which comprises six other leading commercial banks.<\/p>\n","protected":false},"author":67,"featured_media":42592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11794],"persona":[],"class_list":{"0":"post-52462","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-ecc-approves-pkr-20-billion-for-psx"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECC approves PKR 20 billion for PSX - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has approved funds worth PKR 20 billion in a bid to stabilise the Pakistan Stock Exchange (PSX), a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ecc-approves-pkr-20-billion-for-psx.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC approves PKR 20 billion for PSX - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has approved funds worth PKR 20 billion in a bid to stabilise the Pakistan Stock Exchange (PSX), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-approves-pkr-20-billion-for-psx.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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