The State Bank of Pakistan (SBP) has announced the government of Pakistan’s markup subsidy for affordable housing finance. In a statement, the central bank said the government would provide a markup subsidy facility for the construction and purchase of new houses. This facility will allow all individuals, who will be constructing or buying a new house for the first time, to avail bank financing at subsidised and affordable markup rates. The facility will be provided with the administrative support of the SBP as executing partner with the government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA). The government has allocated Rs33 billion for payment of markup subsidy for financing over a period of 10 years and has assured continuity of the facility.
Published in The Express Tribune, October 14th, 2020.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
Understanding the Role of the Mohammed Bin Rashid Al Maktoum Charitable Establishment Have you ever…
The UAE's Heartfelt Aid to Gaza: A Beacon of Hope In a world where crises…
Recent Drug Bust Highlights Abu Dhabi's Fight Against Narcotics In a significant operation, the Abu…
The Inauguration of the Quran Mosque: A New Architectural Jewel in Sharjah On a remarkable…
Fujairah’s Focus on Education: A Path to Sustainable Development Recently, H.H. Sheikh Mohammed bin Hamad…
Discover the Smart “Your Neighbourhood Police” Platform in Dubai Dubai is always a step ahead…
This website uses cookies.