Housing finance witnesses 36pc growth

KARACHI: The State Bank of Pakistan (SBP) on Tuesday stated that housing finance has witnessed an unprecedented growth of 36pc during the 2020-2021 period.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the details, housing and construction finance has witnessed an increase of Rs54bn from June 2020 to March 2021. The portfolio in June 2020 stood at Rs148bn and increased to Rs202bn in 2021.

This marks a growth of 36pc in the first three quarters of Fiscal Year 2021 as compared to the stagnant growth in the same period last year.

As per SBP, housing finance is likely to grow in the future since mortgage finance is gaining momentum under Mera Pakistan Mera Ghar Scheme.

From April 2020, the general public has applied for housing finance for more than Rs52bn and applications of Rs15bn have been approved by various banks.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

CDA Requests Additional Rs2 Billion Grant to Continue 10th Avenue Development

ISLAMABAD: The Capital Development Authority (CDA) is looking to the federal government for an additional…

9 hours ago

Islamabad’s Capital Hospital to Be Upgraded Under CDA-ADB Agreement

ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…

1 week ago

CDA to Issue Possession Letters for E-12 Sector After Eid

Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…

1 week ago

Graana.com Announces Property Festival 2025 to Revitalize Islamabad’s Real Estate Sector

Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…

2 weeks ago

Graana.com Proudly Partners with IAP for Graana Property Festival 2025

Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…

2 weeks ago

Sindh Government Reviews Measures to Regulate Real Estate Sector

KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…

2 weeks ago