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Economy Housing: BOP Cardinal Vise


Daily Times
May 24, 2021
Buying or owning a home is an emotional decision, and is a dream come true particularly for middle and lower income families, as home ownership can greatly improve living standards for them and provide necessary safety and security.
Housing is an integral and vibrant part of any economy and it acts as a stimuli for growth by creating jobs and attracting investment through extensive and inclusive value chain. Not only in Pakistan but governments across the globe are aggressively working on promoting Housing and Construction sector due to it’s far-reaching social and economic influence.
Various  housing  sector  surveys  reveal  that   currently  Pakistan  is   facing   a housing backlog of almost 10 million units; 4 million of which is in urban areas alone. This backlog is increasing at a rate of 0.7 million units every year and thus shortage is expected to grow over 13 million by 2025. According to State Bank of Pakistan (“ ....

United Kingdom , Prime Minister , Pakistan Mortgage Refinancing Company , Development Authority , Naya Pakistan Housing Program , State Bank , Cost Housing , Governments Markup Subsidy Scheme , Low Cost Housing , Income Proxy Model , Akhuwat Microfinance , Supply Gap , Peri Urban Project , Priority Sectors , ஒன்றுபட்டது கிஂக்டம் , ப்ரைம் அமைச்சர் , பாக்கிஸ்தான் அடமானம் மறு நிதியளிப்பு நிறுவனம் , வளர்ச்சி அதிகாரம் , நயா பாக்கிஸ்தான் வீட்டுவசதி ப்ரோக்ர்யாம் , நிலை வங்கி , செலவு வீட்டுவசதி , குறைந்த செலவு வீட்டுவசதி , விநியோகி இடைவெளி , ப்ரையாரிடீ துறைகள் ,

The Bank of Punjab, Akhuwat Islamic Microfinance sign agreement for promoting low-cost housing


The Bank of Punjab, Akhuwat Islamic Microfinance sign agreement for promoting low-cost housing
May 4, 2021
The Bank of Punjab (BOP) and Akhuwat Islamic Microfinance (AIM), have signed an agreement for promoting Low-Cost Housing under Government’s Markup Subsidy Scheme (G-MSS).
The ceremony was held at The Bank of Punjab’s Head Office in Gulberg, Lahore.
Zafar Masud – President& CEO BOP and Asif Riaz – Group Head Retail and Priority Sectors Lending represented BOP, while Akhuwat Islamic Microfinance (AIM), was represented by Dr. Muhammad Amjad Saqib – Executive Director, Dr. Kamran Shams – Director and Shahzad Akram – Chief Credit Officer.
Zafar Masud opined, this is a revolutionary step in the Housing Industry and such arrangements shall help us extend support at grass root level. Dr. Amjad Saqib appreciated BOP’s initiative to take a lead in this noble cause and expected that like all other government subsidized schemes, BOP shall assume a lead ....

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Human Settlements Development Bank close to being finalised


Human Settlements Development Bank close to being finalised
29 April 2021 - 14:32
In 2019 President Cyril Ramaphosa announced that the government would establish the Human Settlements Development Bank, which aims to expedite the delivery of houses in the country. The state set a target of building 500,000 houses by 2024. File photo.
Image: SINO MAJANGAZA
Deputy minister of human settlements, water and sanitation Pam Tshwete on Thursday told parliament that the establishment of the Human Settlements Development Bank (HSDB) was at an advanced stage.
“The bill for the bank has been drafted. It has been sent to the state law advisers for scrutiny and it will be presented to the cabinet in May. It will then go for public comments, which is important, it cannot be finalised without going for public comment,” said Tshwete. ....

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