09-11-2008, 04:02 AM
[center]<b>[u]<span style='font-size:21pt;line-height:100%'>Securitisation of $700m remittances planned[</span></b>[/center]
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>KARACHI, Sept 9 : The government has planned securitisation of $700 million remittances being sent by overseas Pakistanis to ease pressure on the rupee.
Sources said the plan was being finalised and a few top foreign banks were engaged, which means early encashment of future receivables.</b><!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->