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

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

10 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

2 days ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

3 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

4 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

4 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

4 days ago