Karachi, March 09, 2021: Faysal Bank Limited and Akhuwat have come together in a strategic partnership to promote Shariah compliant affordable housing, under the Government of Pakistan’s low-cost housing finance facility for low-income individuals. The memorandum of understanding (MoU) was signed by Faysal Bank’s Head of Corporate & Investment Banking, Mr. Ali Waqar, and Dr. Amjad Saqib,…
Karachi, March 02, 2021: Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) joined hands to provide and promote affordable housing finance in the country by signing Credit Guarantee Agreements with Credit Guarantee Trusts for Low-Cost Housing, set up by the Government of Pakistan with PMRC as Trustee. In the ceremony held at…
Karachi, February 15, 2021: Currently applicants face difficulties in obtaining housing finance, especially for low cost housing, as banks are reluctant to take the risk of the house not being completed or documentation completion. The completion of housing unit and mortgage creation takes time. In order to address this issue for applicants and banks, the…
Islamabad, February 03, 2021: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet on Wednesday. Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Interior Sheikh Rasheed Ahmad, Minister for Privatization Muhammad Mian Soomro, Adviser to the PM…
Karachi, October 19, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has become the first Bank in the country to disburse the first two Shariah-compliant housing finance facilities under Prime Minister’s Mera Pakistan Mera Ghar, Low Cost Housing Finance scheme on Friday, 16th October, 2020. The facilities were disbursed to Mr. Muhammad Anees who…