SBP Receives Over 8000 Applications Under Housing Construction and Development Scheme
Prime Minister Imran Khan today chaired a meeting of the National Coordination Committee on Housing, Construction, and Development.
The meeting reviewed progress on construction activities underway across the country. The meeting also reviewed progress regarding the provision of loans by the banks to builders, developers, and especially the low-income groups.
Governor State Bank informed the Prime Minister that within few weeks, over 8,000 applications have been received in the mark-up subsidy scheme. 1,820 applications have been approved with an outlay of Rs. 5 billion and the pending applications are being processed expeditiously.
Senior Minister Punjab conveyed the sentiments of builders and developers about the proactive role being played by the banks in extending loan facilities for the development and construction activities.
KARACHI: The State Bank of Pakistan on Thursday launched an online complaint resolution mechanism to resolve complaints of potential customers under the government s mark-up subsidy scheme for.
The State Bank of Pakistan has launched a portal for complaint resolution to promote affordable housing in the country. APP/File
KARACHI: The State Bank of Pakistan has launched a portal for complaint resolution to promote affordable housing in the country that would help the potential customers and also promote low-cost housing initiated by Prime Minister Imran Khan.
The SBP said that the prime minister presided over a meeting of the National Coordination Committee on Housing, Construction and Development (NCCHCD) in Islamabad on Thursday.
State Bank Governor Dr Reza Baqir presented key features of an online complaint resolution mechanism developed by the SBP to resolve complaints of potential customers under the government’s Markup Subsidy for Housing Scheme for affordable housing.
State Bank of Pakistan launches complaint resolution portal to promote affordable housing
Karachi, January 21, 2021 (PPI-OT): The Prime Minister of Pakistan chaired a meeting of National Coordination Committee on Housing, Construction and Development (NCCHCD) in Islamabad today. Governor State Bank, Dr. Reza Baqir, presented key features of an online complaint resolution mechanism developed by State Bank of Pakistan (SBP) to resolve complaints of potential customers under Government’s Mark-up Subsidy Scheme for affordable housing. The Prime Minister appreciated the development of a user friendly and comprehensive complaint resolution mechanism to assist common persons who would like to borrow under this Scheme.
KARACHI: The latest increase in steel bar prices by Rs7,000 to Rs139,500-142,500 per tonne has pushed up the cost of construction. The hike in steel bar prices second since the last week of Dec 2020 when rates were raised by a similar amount comes despite a global drop in iron and steel scrap prices.
Attributing the domestic price hike to extreme shortage and increase in cost of raw materials in the world market, a number of steel bar manufacturers have quoted new enhanced rates to the builders.
Amreli Steels Limited quoted the booking rates of its deformed and Xtreme bars at Rs141,500-142,500 per tonne. Agha Steel Industries revised its prices to Rs141,500-142,500 per tonne for its 10mm and 12-32mm bars. Naveena Steel Mills increased the prices to Rs140,500 for its 10mm bars and Rs139,500 for 12-32mm deformed grade-60 bars. Faizan Steel quoted the rate of Rs140,500 for 12-32mm bars and Rs141,500 for 10mm bars.