SBP formulates payment mechanism for markup subsidy housing finance

KARACHI: The State Bank of Pakistan (SBP) on Tuesday formulated a comprehensive payment mechanism for markup subsidy housing finance.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the details, the SBP shared the payment mechanism with Development Finance Institutions (DFIs), Executive Agencies (EAs), and banks.

As per the circular issued by the central bank, the EAs will scrutinize the applications of the housing finance applicant according to the framework of markup subsidy housing finance.

The markup subsidy scheme will be extended on the basis of different tiers as formulated under the payment mechanism.

 

For more news, visit Graana.com 

 

 

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

12 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago