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Banks to face fines on falling short of housing finance targets

Banks to face fines on falling short of housing finance targets
July 7, 2021
KARACHI: Banks will face penalty if they fail to meet the mandatory targets of disbursements under the Government’s Mark-up Subsidy Scheme (G-MSS) for housing finance, the central bank said in a circular issued on Tuesday.
Banks are expected to make all-out efforts to harness the full potential of the scheme. In April 2021, SBP assigned monthly mandatory targets of number of housing units and amount of disbursements (G-MSS targets) to banks in proportion to share in total banking assets.
“In view of foregoing, it has been decided that penalty will be imposed on banks falling short of their G-MSS targets wef (with effective from) July 31, 2021 on both targets of number of housing units and amount of disbursements,” the circular said. ....

Mark Up Subsidy Scheme , குறி மேலே மானியம் திட்டம் ,

Banks asked to meet home loan target or face penalty - Newspaper

The State Bank of Pakistan (SBP) has decided to impose penalty on banks if they fail to meet the mandatory targets for the number of houses and disbursement, said a circular issued on Tuesday. Photo courtesy ProPakistani/File
KARACHI: The State Bank of Pakistan (SBP) has decided to impose penalty on banks if they fail to meet the mandatory targets for the number of houses and disbursement, said a circular issued on Tuesday.
“It has been decided that penalty will be imposed on banks falling short of their Government’s Mark-up Subsidy Scheme (G-MSS) targets with effect from July 31, 2021 on both targets of number of housing units and amount of disbursements,” said the central bank. ....

Mera Ghar , State Bank , Mark Up Subsidy Scheme , Naya Pakistan Housing Scheme , Mera Pakistan , மேரா கர் , நிலை வங்கி , குறி மேலே மானியம் திட்டம் , நயா பாக்கிஸ்தான் வீட்டுவசதி திட்டம் , மேரா பாக்கிஸ்தான் ,

ECC approves changes to Naya Pakistan housing scheme - Newspaper

ECC approves changes to Naya Pakistan housing scheme - Newspaper
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.

Abdul Hafeez Shaikh , Ishrat Hussain , Power Regulatory Authority , Power Development Authority , Sindh Engro Coal , Economic Coordination Committee , Ministry Of Energy Power Division , Development Authority , Ministry Of Industries , Power Division , Trading Corporation Of Pakistan , Naya Pakistan Housing Programme , Finance Minister Dr Abdul Hafeez Shaikh , Naya Pakistan Housing , Prime Minister , Institutional Reforms Dr Ishrat Hussain , National Electric , Mark Up Subsidy Scheme , State Bank , Sino Sindh Resources , Trading Corporation , அப்துல் ஹபீஸ் ஷேக் , இஸ்ராத் ஹுசைன் , பவர் ஒழுங்குமுறை அதிகாரம் , பவர் வளர்ச்சி அதிகாரம் , பொருளாதார ஒருங்கிணைப்பு குழு ,

ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction

ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today.
Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special incentive package for the Housing and Construction sector, announced by the Prime Minister in July 2020.
After due deliberation, the Committee approved the stipulated eligibility criteria and payment mechanism for cost subsidy against 100,000 housing units to be constructed during phase-I by the end of the year. ....

Omar Ayub Khan , Muhammad Mian Soomro , Abdul Razak Dawood , Tabish Gauhar , Loi Shalman , Abdul Hafeez Shaikh , Waqar Masood , Sheikh Rasheed Ahmad , Ishrat Hussain , Reza Baqir , Ministry Of Railways , Naya Pakistan Housing Development Authority , Economic Coordination Committee , Governor State Bank , Authority For Fuel Charge Adjustment , Ministry Of Industries , Public Procurement Regulatory Authority , Ministry Of Water Resources , Power Division , National Heritage , Ministry Of Energy Power Division , Development Authority , Ministry Of National Food Security , Ministry Of Housing , Culture Division For The Quaide Azam Academy , Trading Corporation Of Pakistan ,

State Bank of Pakistan launches complaint resolution portal to promote 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. ....

Reza Baqir , Governor State Bank , National Coordination Committee On Housing , Subsidy Service Portal , Prime Minister , National Coordination Committee , State Bank , Mark Up Subsidy Scheme , Mark Up Subsidy , Housing Finance , Mark Up Subsidy Facility , Help Desks , Mark Up Subsidy Service Portal , ரெஸ பாகீர் , கவர்னர் நிலை வங்கி , தேசிய ஒருங்கிணைப்பு குழு ஆன் வீட்டுவசதி , மானியம் சேவை போர்டல் , ப்ரைம் அமைச்சர் , தேசிய ஒருங்கிணைப்பு குழு , நிலை வங்கி , குறி மேலே மானியம் திட்டம் , குறி மேலே மானியம் , வீட்டுவசதி நிதி , குறி மேலே மானியம் வசதி , உதவி மேசைகள் , குறி மேலே மானியம் சேவை போர்டல் ,