To provide financial relief to MSMEs as well as the hospitality sector, the Budget FY23 envisages to extend the Emergency Credit Line Guarantee Scheme (ECLGS) up to March 2023.Besides, ECLGS will be extended up to March 2023 and its guarantee .
KUALA LUMPUR: More than a quarter of approved small and medium enterprise (SME) loans were to first-time borrowers during the first half of this year, while approved loans to young SMEs those established for not more than three years made up almost 20 per cent of the total volume of SME loans approved.
DIBPL, PMRC join hands for providing affordable housing finance thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
SBP allows banks to accept third party guarantee for house financing
By
File photo of state bank of Pakistan.
SBP has allowed banks to accept a personal guarantee of a third party for low-cost house financing.
The guarantee will remain valid for a maximum period of one year.
The SBP issued five regulatory relaxations to incentivise banks to promote low-cost housing finance in the country.
KARACHI: With an aim to facilitate the banks in extending low-cost housing finance, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee of a third party for low-cost house financing to cover mortgage risks,
SBP wants banks to tap housing finance potential
December 29, 2020
KARACHI: The State Bank of Pakistan on Monday urged banking industry to benefit from government subsidy on low-cost housing finance and extend loans to their maximum potential.SBP Deputy Governor. Share
KARACHI: The State Bank of Pakistan (SBP) on Monday urged banking industry to benefit from government subsidy on low-cost housing finance and extend loans to their maximum potential.
SBP Deputy Governor Jameel Ahmed said the risk coverage of mortgage portfolio under government markup subsidy facility provides due comfort to banks in extending housing finance to the low income segment for buying or construction of new houses.