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UBL, AIM sign deal


UBL, AIM sign deal
May 26, 2021
KARACHI: The United Bank Limited (UBL) has been one of the leading advocates of the government-backed “Mera Pakistan Mera Ghar” low-cost housing finance scheme since its inception, a statement said on Tuesday.
To further enhance the bank’s promotion and extension of this facility, UBL signed an agreement with Akhuwat Islamic Microfinance (AIM) to offer exclusive housing finance solutions to the customers of Akhuwat.
Further, UBL will provide housing finance solutions on the low-cost housing variants under Islamic financing mode and will offer exclusive arrangements to the customers of Akhuwat, it added.
AIM, a not-for-profit organisation, has in-depth expertise of serving the underprivileged through favourable financial schemes. ....

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SBP asks banks to expedite processing of Mera Ghar housing scheme applications


SBP asks banks to expedite processing of Mera Ghar housing scheme applications
News Desk
The State Bank of Pakistan, Friday, directed all banks and financial institutes to rationalize processing fee and devise a comprehensive mechanism equipped with online E-tracking system to expedite processing of applications received under PM’s “Mera Pakistan Mera Ghar” housing finance scheme.
“Devise a system to monitor 30 days Turn Around Time (TAT) for decision on applications received,’’ the central bank further directed while taking notice of a number of complaints especially regarding delayed processing, long turnaround time and no mechanism to track the financing application after submission. ....

Imtiaz Ahmad , Tahir Habib Cheema , Mera Ghar , Fit Skills , Japan International Cooperation Agency , Establishment Of National Incubation Centers , Pakistan Embassy Tokyo , Development Finance Institutes , State Bank , Pakistan Mera , Turn Around Time , Microfinance Banks , Mera Pakistan Ghar , Government Markup Subsidy Scheme , Pakistan Policy , Investment Counsellor Tahir Habib Cheema , National Incubation Centers , தாஹிர் ஹபீப் சீமா , மேரா கர் , அது திறன்கள் , வளர்ச்சி நிதி நிறுவனங்கள் , நிலை வங்கி , பாக்கிஸ்தான் மேரா , திரும்பவும் சுற்றி நேரம் , நுண்நிதி வங்கிகள் , மேரா பாக்கிஸ்தான் கர் ,

Housing, construction finance grows rapidly


Housing, construction finance grows rapidly
Portfolio rises from Rs148b in June 2020 to Rs202b in March 2021
Assuming 10% growth in total private sector loans by Dec 2021, the banking sector is expected to allocate an additional Rs23 billion for the housing and construction segment. PHOTO: REUTERS
KARACHI:
Work on promoting and facilitating housing and construction finance is progressing rapidly and upward momentum is building up as a result of recent measures undertaken by the government and the State Bank of Pakistan (SBP).
In a statement on Tuesday, the SBP highlighted that the housing and construction finance portfolio rose from Rs148 billion at the end of June 2020 to Rs202 billion in March 2021. ....

Mera Ghar , Pakistan Bank Association , State Bank , Pakistan Mera , Mera Pakistan Ghar , மேரா கர் , பாக்கிஸ்தான் வங்கி சங்கம் , நிலை வங்கி , பாக்கிஸ்தான் மேரா , மேரா பாக்கிஸ்தான் கர் ,