Housing finance witnesses a positive trend

KARACHI: The Deputy Governor State Bank of Pakistan (SBP) Sima Kamil has said that housing finance is witnessing a positive trend in the country.

While speaking to the media, the Deputy Governor was of the view that up till now banks have released loans worth Rs15bn in six months.

On the occasion, the deputy governor was also of the view that people should avail the housing finance as there is no condition of having a bank account to avail the scheme.

Furthermore, she was also of the view that a formula has been developed to extend the loaning facility to those who do not have a regular income.

Earlier, the central bank announced the payment mechanism for markup subsidy housing finance for banks, and DFIs working as Executive Agencies.