SBP formulates payment mechanism for markup subsidy housing finance

KARACHI: The State Bank of Pakistan (SBP) on Tuesday formulated a comprehensive payment mechanism for markup subsidy housing finance.

According to the details, the SBP shared the payment mechanism with Development Finance Institutions (DFIs), Executive Agencies (EAs), and banks.

As per the circular issued by the central bank, the EAs will scrutinize the applications of the housing finance applicant according to the framework of markup subsidy housing finance.

The markup subsidy scheme will be extended on the basis of different tiers as formulated under the payment mechanism.