Apr 18

NBP approves Rs1.5 billion for Waves Housing Project

KARACHI: National Bank of Pakistan (NBP) has approved an amount of Rs1.5 billion to kick start the affordable housing project being developed by Waves Singer Pakistan Limited, a statement said on Monday. A signing ceremony between NBP and Waves was held in Lahore. With a commitment of Rs1.5 billion, NBP will be one of the […]

by Faisal Shahnawaz

Banks approve Rs180 bn for low-cost housing loans

Apr 14

Money & Banking, National, Top stories

Banks approve Rs180 bn for low-cost housing loans

KARACHI: Banks have approved Rs180 billion as loan for low cost housing, the State Bank of Pakistan (SBP) said on Thursday. The SBP said building upon current momentum, banks have shown strong progress in approving and disbursing the financing under Mera Pakistan Mera Ghar Scheme against the manifold increase in applications by borrowers to avail […]

by Hamza Shahnawaz

Banks approve housing loans worth Rs7.4 billion in event

Mar 22

Money & Banking

Banks approve housing loans worth Rs7.4 billion in event

The Mera Pakistan Mera Ghar (MPMG) housing scheme received an astounding response during a two-day event in Faisalabad, where banks granted conditional approvals for housing loans totaling approximately Rs7.4 billion.

by Faisal Shahnawaz

SBP’s event to provide house financing information

Mar 17

Money & Banking, National

SBP’s event to provide house financing information

KARACHI: The State Bank of Pakistan (SBP), in collaboration with banks, is organizing a two-day exhibition in Faisalabad on March 19, 2022 to provide information on house financing. The State Bank of Pakistan is organizing a two-day Mera Pakistan Mera Ghar (MPMG) Mela at Circle Club Faisalabad on March 19 and 20, 2022, a statement […]

by Faisal Shahnawaz

State Bank amends regulations for housing loans

Mar 17

Money & Banking, National, Top stories

State Bank amends regulations for housing loans

KARACHI: The State Bank of Pakistan (SBP) has revised regulations related to housing loans and general loans mainly related to eligibility of borrowers. The central bank on Wednesday issued a circular to revise Prudential Regulations for Microfinance Banks. The SBP said that in order to align classification and provisioning requirements with enhanced loan sizes, it […]

by Faisal Shahnawaz

SBP relaxes financing for under construction houses

Feb 26

Money & Banking, National, Top stories

SBP relaxes financing for under construction houses

KARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions for housing units in under construction projects. The central bank issued a circular dated February 25, 2022 to ease the conditions for house financing. It said that in order to further facilitate buyers of housing units in under construction projects, requirement of builder/developer to […]

by Faisal Shahnawaz

SBP launches webpage for promoting house financing

Oct 8

Money & Banking

SBP launches webpage for promoting house financing

KARACHI: The State Bank of Pakistan (SBP) on Friday launched a webpage for the promotion of house financing in the country, especially for Mera Pakistan Mera Ghar (MPMG). A statement said that the central bank had launched dedicated landing webpage on promoting housing and construction finance on its website. The page contains extensive information on […]

by Mrs. Anjum Shahnawaz

Ufone launches contact center for housing loans

Oct 6

IT & Telecom, Money & Banking

Ufone launches contact center for housing loans

ISLAMABAD: Ufone has launched its new state-of-the-art contact center for Pakistan Banks’ Association (PBA). The contact center has been launched to resolve queries and generate leads for the Government of Pakistan’s ‘Mera Pakistan, MeraGhar’ helpline initiative, which brings affordable housing finance facilities for low-income groups. The Contact Center was inaugurated by Governor, State Bank of […]

by Mrs. Anjum Shahnawaz

Financing for Mera Pakistan Mera Ghar gains momentum

Sep 8

Money & Banking

Financing for Mera Pakistan Mera Ghar gains momentum

KARACHI: State Bank of Pakistan (SBP) on Wednesday said that as a result of numerous measures of the SBP and full support of the government, bank lending for the government’s flagship markup subsidy scheme, commonly known as Mera Pakistan Mera Ghar (MPMG), has picked up momentum. Since the launch of the scheme, applications of Rs […]

by Mrs. Anjum Shahnawaz

Sep 2

Money & Banking

SBP issues house financing guidelines

KARACHI: State Bank of Pakistan (SBP) on Thursday issued guidelines for financing the housing units in under-construction projects. The SBP said that builders/developers are developing and marketing a number of multistorey projects of housing units across the country. Although these under-construction projects are exposed to project completion risk and performance risk of builders/developers, many individuals […]

by Faisal Shahnawaz