KARACHI: The State Bank of Pakistan (SBP) has increased the exposure limit up to 25 per cent from 10 per cent of the mandatory targets for housing and construction finance and investments.
All banks have been directed to finalise an action plan in compliance with the updated policy promoting housing and construction activities in the country.
Apart from comprising detailed measures and timelines, the format of the action plans will include a breakdown of overall targets into quarterly targets, development of suitable products, launching of media campaigns, and development of internal technology, capacity building of staff, and other actions needed to ensure the target is being met.
The central bank also announced to closely monitor the progress of these policies and action against those in and non-compliance action under the relevant provisions of the Banking Companies Ordinance, 1962.
For news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
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.
