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Princeton professor and renowned economist Atif Mian has said that increasing borrowing for housing purposes is not a good strategy. In fact, it has never been successful. If this is true, then this means that the State Bank of Pakistan’s Markup Subsidy for Housing Finance scheme will fail, eventually. The Pakistani-American economist, while speaking at Oxford Economics Society’s online event titled Extreme Inequality, Indebted Demand and Threats to our Economic Well-Being on Tuesday, argued that the top 1% of the world’s population tends to save a much higher fraction of their income, but that doesn’t necessarily translate into investment. This surplus capital is then absorbe. ....
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. ....
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. 1. Housing plays an importantrole in economic development by contributing to GDP growth, employment generation and social well-being. Further, more than 40 industries and 70% of unskilled ....
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. ....