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, June 9, 2020: Pakistan is looking for its brotherly countries to defer payment against loans of nearly $7.7 billion in the challenging economic times of COVID-19. In an interview Dr Hafeez Shaikh, Advisor to PM on Finance said, “We are in talks with our development partners to move these deposits towards longer tenors.” Loans…
Karachi, June 09, 2020: Pakistani government will save nearly $1.8 billion on the account of suspension of principal and interest payment of the loans from G20 States. The relief is the part of the gesture of G20 states that have offered suspension of principal and interest for over 70 developing countries, including Pakistan. The savings…
Karachi, April 04, 2020: State Bank of Pakistan has continuously been reviewing the challenges arising out of the COVID-19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today. State Bank has allowed…
Karachi, December 30, 2019: Under the ambit of the Ehsaas Strategy which is a part of the National Poverty Graduation Initiative, Interest free loans worth Rs 500 million were rolled out in 10 lagging districts of Sindh. The cheques were distributed amongst the beneficiaries by Governor Sindh, Imran Ismail who was the Chief Guest at…