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.
For news and blogs, visit Graana.com
Islamabad: The federal government is likely to include the Tax Laws (Amendment) Bill, 2024 in…
Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene on Friday, May…
Members of the National and Punjab Assemblies have lauded the provincial government’s plan to introduce…
ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
