July 25, 2006	Tuesday	Jumadi-ul-Sani 28, 1427

KARACHI, July 24: The Institute of Bankers Pakistan (IBP) is organising a training programme on “Cash Flow Based Lending” which will be attended by executives and officers of banks, financial services sector and corporate.

Operating cash flows are regarded as the first assurance of timely repayment of credit. The banks as their key function are extending credit to corporate and individual borrowers and these credits are covered through tangible collaterals yet these apparently valuable collaterals in no way generate the repayment of loan.—APP