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ACCO PAKISTAN

SBP permits financing of under construction housing units




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KARACHI: To facilitate the growth in the housing sector as per the government’s policy, the State Bank of Pakistan (SBP) has permitted the financing of under-construction housing units.

The central bank has directed the commercial banks and DFIs to extend housing finance to under-construction projects.

As per the Press Release of the central bank, the SBP has evolved a comprehensive framework of risk mitigation which will allow the commercial banks to extend loans without risks.

The initiative of the central bank will increase the demand for buying under-construction houses.

 

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