ISLAMABAD: Prime Minister Imran Khan on Thursday directed governor State Bank of Pakistan (SBP) Dr Reza Baqir to make certain that Rs 380 billion allocated by the commercial banks for the mortgage of houses is easily accessible to the applicants.
According to the details, the Government is providing an amount of Rs 300,000 subsidy as well and would ensure that the interest rate for the mortgage is fixed at 5 per cent for 20 years. The government, for the first time, is providing the facility for constructing houses for the poor.
As per the officials, for the first time, the banks were advised to allocate Rs 380 billion for the construction sector and distribution of funds to the applicants which are being observed by the SBP.
Zulfiqar Bukhari, the special assistant to the prime minister overseas, said that in the next phase, 1504 more units would be built.
This project is considered to be the foundation of providing low cost and affordable houses to the weak segments of society.
For news and blogs, visit Graana.com.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
