SBP Amends Rules to Encourage Banks to Increase Investments in Real Estate
The State Bank of Pakistan (SBP) has amended its rules to encourage banks/DFIs to increase their investments in REITs without having to allocate
Source: propakistani.pk
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Banks allowed to invest in TFCs
Banks allowed to invest in TFCs Business April 2, 2021 KARACHI: The State Bank of Pakistan has allowed banks and development finance institutions (DFIs) for investment in term finance certificates (TFCs), Sukuk, and share of real estate investment trusts (REITs) to achieve the mandatory housing finance targets, a circular issued on Thursday said. In July 2020, the central bank advised banks and DFIs to achieve mandatory financing targets for housing and construction of buildings (Residential and Non-Residential) equivalent to at least 5 percent of their domestic private sector advances by D...
Source: thenews.com.pk