No Result
View All Result
Tuesday, June 3, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Mann Mast Malang

    ‘Mann Mast Malang’ faces backlash over bold romantic scenes

    Sana Yousaf

    TikToker Sana Yousaf’s murder suspect arrested from Faisalabad

    Sana Yousaf

    Sana Yousaf murder case: FIR filed against unknown suspect

    Surveen Chawla

    Casting couch culture: Surveen Chawla reveals harassment by director post-marriage

    Sana Yousaf

    Who killed TikToker Sana Yousaf? Key details revealed

    ‘Aap Zara Qurbani Ka Janwar Lenay Jaen’: Nauman Ijaz draws backlash over remark on animal prices

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Mann Mast Malang

    ‘Mann Mast Malang’ faces backlash over bold romantic scenes

    Sana Yousaf

    TikToker Sana Yousaf’s murder suspect arrested from Faisalabad

    Sana Yousaf

    Sana Yousaf murder case: FIR filed against unknown suspect

    Surveen Chawla

    Casting couch culture: Surveen Chawla reveals harassment by director post-marriage

    Sana Yousaf

    Who killed TikToker Sana Yousaf? Key details revealed

    ‘Aap Zara Qurbani Ka Janwar Lenay Jaen’: Nauman Ijaz draws backlash over remark on animal prices

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Housing, construction finance jumps to Rs355bn in CY21: SBP

MM News Staff by MM News Staff
January 6, 2022

KARACHI: Recording an unprecedented growth of 85%, banks’ outstanding credit for housing and construction increased by Rs163 billion, from Rs192 billion to Rs355 billion, during 2021, said a statement issued by the State Bank of Pakistan (SBP) on Thursday.

Within the housing and construction portfolio, disbursements under the Government Markup Subsidy scheme, also known as Mera Pakistan Mera Ghar (MPMG), increased by Rs38 billion. Financing to Housing and Construction and particularly under MPMG has witnessed impressive growth on the back of many enabling regulatory environments introduced after extensive consultation with stakeholders.

Further, SBP also advised the banks to increase their housing and construction finance portfolios to at least 5% of their domestic private sector advances till December 2021, introducing a set of incentives and penalties to ensure compliance.

Read more: Regulatory duty on imported vehicles increased up to 35%

The central bank said that financing under MPMG picked up momentum in 2021 as approvals for financing by banks grew from near zero to Rs117 billion in 2021.

The banks have received requests for financing of Rs276 billion from potential customers, which indicates that approvals and disbursements will keep growing in the coming months.

The statement further said that SBP has taken a number of steps to create an enabling regulatory environment for banks to increase the flow of financing to the housing sector.

Tags: SBP
ShareTweetSendShare
Previous Post

Maryam Nawaz accuses PM Imran of hiding facts in foreign funding case

Next Post

PPP announces long march on February 27

Related Stories

(File Photo)
Business & Stock

PSX gains over 1500 points after successful IMF talks

June 3, 2025
file photo
Business & Stock

Asian Development Bank approves $80 million for Pakistan

June 3, 2025
Image: APP
Business & Stock

PSX opens in green, gains over 480 points in early trading

June 3, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- Tuesday, June 3, 2025

June 3, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Tuesday, 3 June 2025

June 3, 2025
This undated photo shows a vendor selling vegetables in Karachi.  (File Photo)
Business & Stock

Inflation jumps to 3.5% in May 2025

June 2, 2025
File photo
Business & Stock

Govt asks NEPRA to revise K-Electric’s tariff

June 2, 2025
(File Photo)
Business & Stock

Rs3 per liter additional tax likely on cash transactions at petrol stations

June 2, 2025
Business & Stock

Car prices to skyrocket as govt mulls tax hikes in budget 2025-26

June 2, 2025
Business & Stock

Tax cuts for salaried class likely after IMF approval

June 1, 2025
Next Post

PPP announces long march on February 27

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Crime

Sana Yousaf murder case: IG Islamabad reveals shocking details

by MM News Staff
June 3, 2025
(File Photo)
Bakra Eid 2025

What are the Qasai rates on Eidul Adha 2025?

by MM News Staff
June 3, 2025
(Representational Image)
Top News

Banks to remain closed from Friday to Monday

by MM News Staff
June 3, 2025
(File)
Prices

Gold price increases Rs1,000 per tola

by MM News Staff
June 3, 2025
The Makkah Grand Mosque (Masjid al-Haram) has a capacity to accommodate approximately 4 million worshippers, according to Saudipedia.
World

Saudi Arabia installs world’s largest cooling system in Makkah’s Grand Mosque

by MM News Staff
June 3, 2025

Opinion

munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Crimea at the Crossroads: Development, Identity, and Geopolitics
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo of rain
Bakra Eid 2025

Will it rain during Eidul Adha holidays in Pakistan?

by MM News Staff
June 2, 2025

The Pakistan Meteorological Department (PMD) has issued a weather advisory predicting heavy rain and...

Karachi sizzles at 39 degree Celsius

June 1, 2025
Glaciers in Pakistan

Pakistan develops policy framework to protect glaciers, combat climate change

June 1, 2025
file photo

Weather updates for Islamabad, other parts of Pakistan

June 1, 2025
See all

Prices

(File)
Prices

Gold price increases Rs1,000 per tola

by MM News Staff
June 3, 2025

Gold prices in Pakistan on Tuesday continued to rise with gain of Rs1,000 to...

Budget 2025-26: Pakistan to impose Rs5 carbon levy on petroleum products

June 3, 2025
representative image

Gold prices in Pakistan today- Tuesday, 3 June 2025

June 3, 2025
File photo

Pakistan’s cement exports increases in 10 months

June 2, 2025
See all

Transport News

(File Photo)
Top News

Double-decker Bus service to begin in Karachi from THIS date

by MM News Staff
June 3, 2025

Sindh Transport and Information Minister Sharjeel Inam Memon has announced that the provincial government...

file photo

Pakistan Railways announces 20% discount in fares during three Eid days

June 3, 2025
Paul Marais-Hayer/AirTeamImages

15% discount announced on PIA’s Lahore–Paris flights

June 1, 2025
file photo

Govt doubles public transport fares in Islamabad

June 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.