ISLAMABAD: In order to revive the stalled IMF program, the government is considering meeting another condition of the Fund to abolish corporate income tax exemptions with estimated cost of around Rs.
KARACHI: The State Bank of Pakistan has announced a mark-up subsidy for the federal government’s housing finance scheme to provide subsidised financing to low and middle-income.
ISLAMABAD: The Securities and Exchange Commission of Pakistan organised a webinar in collaboration with the Pakistan Mortgage Refinance Company and International Finance Corporation to promote.
The Securities and Exchange Commission of Pakistan (SECP) on Friday called upon investors to establish Housing Finance Companies (HFCs) for availing benefits of the sector. Reuters/File photo
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday called upon investors including the banking sector to establish Housing Finance Companies (HFCs) for availing benefits of the sector.
As part of its initiative to promote affordable housing in country, the SECP urged investors to play a forefront role in establishing housing mortgage and housing loan businesses.
At an SECP webinar, organised in collaboration with the Pakistan Mortgage Refinance Company (PMRC) and International Finance Corporation (IFC), SECP Commissioner for Specialised Companies Farrukh Sabzwari pinpointed major challenges being faced by the sector.
National
January 23, 2021
KARACHI: The State Bank of Pakistan has announced a mark-up subsidy for the federal government s housing finance scheme to provide subsidised financing to low and middle-income individuals. In line with [the] government’s vision of making housing finance affordable, SBP has announced Government’s Mark-up Subsidy for Housing Finance scheme to provide subsidised financing to low and middle-income individuals, it said on Friday. To this effect, the central bank has launched a complaint resolution mechanism to promote the affordable housing scheme.
It said the mechanism comprises an information technology-based portal and a network of SBP and commercial bank staff to resolve issues being faced by applicants for low-cost and affordable housing finance. 1. Housing plays an importantrole in economic development by contributing to GDP growth, employment generation and social well-being. Further, more than 40 industries and 70% of unskilled labor are linke