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…
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…
Karachi, July 22, 2020: State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies. In light of the feedback received from stakeholders, the size of the project established by vendor/ supplier/ energy…
Karachi, April 04, 2020: The Textile Manufacturers & Exporters Associations laud the relief provided by the Government under State Bank of Pakistan Refinance Scheme to dampen the effects of COVID-19 which will help and benefit the industries who are availing such refinancing in terms of the continued liquidity and flexible credit borrowing. Downward revision of…
Karachi, March 05, 2020: The UK Government is developing its own scheme for the Generalized System of Preferences (GSP) to become effective from January, 2021 after completion of the transition period for Brexit. Additionally, the UK is also undertaking a review of its current MFN tariff regime for its further rationalization. They have sought inputs…