Gov Ask Banks to Open Financing Facility for Naya Pakistan Housing Scheme

Karachi: Governor State Bank of Pakistan held a meeting with the heads of banks and asked them to open financing facility for the Pakistan Housing Scheme.

According to a tweet of the State Bank,: Governor #SBP calls meeting of bank presidents on measures proposed by #NayaPakistan Housing and Development Authority #NAPHDA & identify way forward to ensure sustainable market-led financing of housing projects/mortgages. Details: http://sbp.org.pk/press/2020/Pr-17-Jun-20.pdf…

“Governor encouraged banks to view housing/construction finance as an opportunity to broaden their balance sheet & cater to huge financing needs of the sector.”

Governor #SBP praised #NAPHDA for its significant potential contribution in meeting the shortage of housing in the country and accelerating economic activity in the country.

He reiterated #SBP’s commitment to play a facilitative role while supporting a healthy credit culture in the country

https://twitter.com/StateBank_Pak/status/1273309995757719554

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