SBP allows financing of under construction houses
Agency21 Blog
Posted On September 3, 2021
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ISLAMABAD: As per the latest press release of the State Bank of Pakistan (SBP), the central bank has allowed the financing of under-construction housing units.
According to the details, the central bank has directed the commercial banks and DFIs to approve the financing of under-construction housing units.
The central bank has evolved a comprehensive framework for commercial banks in order to mitigate the risks.
The initiative of the state bank will provide a great impetus to the growth of the real estate and construction sector.
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