Housing loans to be extended to deserving people


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ISLAMABAD: In a bid to provide shelter and housing facilities to the low-income segment of the society, the representative of Naya Pakistan Housing & Development Authority (NAPHDA) has informed that government will extend loans to the deserving people.

The Spokesperson informed that the government is taking various steps to extend affordable housing to the people.

While appreciating the efforts for extending low-cost apartments, the spokesperson was of the view that it will help to meet the housing demand in the country as early as possible.   

Furthermore, the spokesperson was also of the view that the private sector is also being pushed to take part in NAPHDA through Public-Private Partnership (PPP).

 

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Banking sector roll-out loans worth Rs30bn under housing finance


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KARACHI: As per the data released by the State Bank of Pakistan (SBP), the banking sector has rolled out loans worth Rs30bn under Government’s Markup Subsidy Scheme (G-MSS).

According to the details, the loans have been disbursed against the applications of Rs90bn for low-cost housing finance.

Similarly, the central bank has also directed the banks to develop an income estimation model for extending the markup subsidy finance to the people earning from informal sources.

Furthermore, the central bank has also advised the banks to standardise and simplify the procedures to extend the facility of low-cost housing finance.

 

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