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Housing and construction finance rises by Rs163b in FY21 under MPMG

Housing and construction finance rises by Rs163b in FY21 under MPMG
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

SBP to Make Direct Payment Arrangements for Kamyab Pakistan Program Beneficiaries

SBP to Make Direct Payment Arrangements for Kamyab Pakistan Program Beneficiaries
newsmakers.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmakers.pk Daily Mail and Mail on Sunday newspapers.

SBP asks banks to expedite processing of Mera Ghar housing scheme applications

SBP asks banks to expedite processing of Mera Ghar housing scheme applications News Desk The State Bank of Pakistan, Friday, directed all banks and financial institutes to rationalize processing fee and devise a comprehensive mechanism equipped with online E-tracking system to expedite processing of applications received under PM’s “Mera Pakistan Mera Ghar” housing finance scheme. “Devise a system to monitor 30 days Turn Around Time (TAT) for decision on applications received,’’ the central bank further directed while taking notice of a number of complaints especially regarding delayed processing, long turnaround time and no mechanism to track the financing application after submission.

SBP asks banks to rationalise loan fee

SBP asks banks to rationalise loan fee Applicants applying for housing loans are being charged exorbitant processing fee KARACHI: Pakistan’s central bank has taken notice of exorbitant application processing fee charged by commercial banks and development finance institutions (DFIs) for the much-hyped government’s subsidised loans for low-cost housing. It has also observed that financial institutions are unduly delaying the processing of applications. The State Bank of Pakistan (SBP) has directed the banks and DFIs to improve their behaviour towards customers and asked them to issue an e-tracking code to each applicant so they could check the status of their applications and know whether it has been approved or rejected.

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