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Housing, Construction finance portfolio of banks crosses Rs200 billion

Housing, Construction finance portfolio of banks crosses Rs200 billion   Published On The central bank has assigned mandatory targets to banks to increase financing for mortgages KARACHI (Dunya News) – The housing and construction finance portfolio of banking sector has recorded an unprecedented surge as it reached at Rs.202 billion in March 2021 from Rs.148 billion by the end of June 2020. A growth of Rs.54 billion or 36% in three quarters of FY 20-21 compared to a stagnant position in earlier quarters is manifest that housing and construction finance by banking sector has been progressing significantly and a momentum in the sectors was building up as a result of the recent measures by the GoP and SBP under the “Mera Pakistan Mera Ghar Housing Finance Scheme”.

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