SBP issues instructions to banks to implement Government decision to make it easier for the general public to avail bank finance for affordable housing

In its effort to promote low cost and affordable home ownership among low to middle-income groups, the Government of Pakistan (GoP) has revised its markup subsidy scheme of housing finance significantly to align with the prevailing housing market dynamics. The revised scheme is expected to make access to housing finance… Continue reading

Governor SBP chairs first meeting of the Steering Committee on Housing and Construction Finance

To prepare and implement a roadmap to ensure sustainable market‐led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week…. Continue reading

SBP calls meeting of Bank Presidents on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks today for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify way forward to ensure sustainable market-led financing of housing projects and mortgages. The meeting was chaired by the Governor… Continue reading