KARACHI: The housing loans handed out by banks surged by 85 per cent, and were recorded at Rs355 billion housing loans in 2021.
The Rs163 billion increase was accredited to increase the housing finance on the directives of the State Bank of Pakistan (SBP) compared to a total of Rs192 billion approved in 2020.
In this regard, the central bank introduced a set of incentives including – third party guarantees during the construction period, waiver of debt burden ratio (DBR) in case of informal income and the introduction of standard facility offer letters by the banks.
For news and blogs, visit Graana.com.
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…
ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…