KARACHI: As per the joint statement of the State Bank of Pakistan (SBP) and Pakistan Banks Association (PBA), the housing and construction finance portfolio of banks crossed the Rs200bn mark.
According to the details, the value of the portfolio in March 2021 is observed at Rs202bn as compared to the recorded value of Rs148bn in June 2020.
This shows a surge of Rs54bn in the first three-quarters of FY 20-21and a growth of 36pc.
Furthermore, according to the statement, the banks under the housing finance have received applications of Rs52bn from the citizens whereas financing of Rs15bn has been approved by the banks.
The commercial banks have assigned 50pc of their branches to extend housing and construction finance to the general public.
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