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Regulations Revised by SBP to Promote Finances for Low-cost Housing

State Bank of Pakistan (SBP) regulatory guidelines for microfinance banks (MFBs) have been updated to boost funding for low-cost housing and micro and small companies (MSEs), according to a statement released on Thursday (March 17).

Read: How to Choose Between Residential and Commercial Property? 

Depending on the circumstances, the updated regulations include risk management to ensure appropriate housing and microenterprise financing, additional standards for property evaluation, and mortgage formation. The adoption of various classification/provisioning and charging standards for each type of non-performing loans was another modification to the laws. In addition, crucial terms have been defined to ensure clarity and effective compliance.

Read: Multi Gardens B17 Islamabad Phase 2 – A New Project of MPCHS

In addition, these changes are likely to reduce the cost of serving low-income borrowers by encouraging them to borrow for MSE and low-cost housing. It is envisaged that this will expand the reach of MFBs to disadvantaged segments of society. It is essential to emphasize the significant role that MFBs play in providing financial services to low-income individuals.

Stay tuned with Al Sadat Marketing for further updates.

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Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

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