KARACHI: As per the circular issued by the State Bank of Pakistan (SBP), the central bank has directed the banks to meet targets of the Government’s Mark-up Subsidy Scheme (G-MSS).
According to the circular, a penalty will be imposed on the banks if they fail to meet the target of disbursements and the number of housing units by the end of July.
The central bank has come up with a decision in order to expedite the extension of loan facilities to the low-income groups.
The federal government has set a target of providing 5mn housing units to the low-income groups and 10mn jobs.
Earlier the SBP had issued a circular directing the banks to increase their loan portfolios to 5pc of their private sector credit.
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.
