SBP announces mark-up subsidy for govt's housing finance sch

SBP announces mark-up subsidy for govt's housing finance scheme


National
January 23, 2021
KARACHI: The State Bank of Pakistan has announced a mark-up subsidy for the federal government's housing finance scheme to provide subsidised financing to low and middle-income individuals.
"In line with [the] government’s vision of making housing finance affordable, SBP has announced Government’s Mark-up Subsidy for Housing Finance scheme to provide subsidised financing to low and middle-income individuals," it said on Friday.
To this effect, the central bank has launched a complaint resolution mechanism to promote the affordable housing scheme. It said the mechanism comprises an information technology-based portal and a network of SBP and commercial bank staff to resolve issues being faced by applicants for low-cost and affordable housing finance.

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