HomeEconomyBank Financing to Housing and Construction Rs.200 Billion

Bank Financing to Housing and Construction Rs.200 Billion

The housing and construction finance portfolio of banking sector has recorded an unprecedented surge as it reached at Rs.202 billion in March 2021 from Rs.148 billion by the end of June 2020.

A growth of Rs.54 billion or 36% in three quarters of FY 20-21 compared to a stagnant position in earlier quarters is manifest that housing and construction finance by banking sector has been progressing significantly and a momentum in the sectors was building up as a result of the recent measures by the GoP and SBP under the “Mera Pakistan Mera Ghar Housing Finance Scheme”.

A joint statement of SBP and Pakistan Banks Association (PBA) issued here on Tuesday further informed that up to April 20, 2021 banks had received applications for financing of more than Rs.52 billion from the general public under the scheme.

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