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Pakistan

Web Desk
January 22, 2021

SBP launches complaint resolution mechanism to promote affordable housing scheme

Pakistan

Web Desk
Fri, Jan 22, 2021

KARACHI:  The State Bank of Pakistan   has launched a complaint resolution mechanism to promote affordable housing scheme.

In a tweet posted on Friday, the central bank said the mechanism comprises an information technology-based portal and a network of SBP and commercial bank staff to resolve issues being faced by applicants for low-cost and affordable housing finance.

"In line with [the] government’s vision of making housing finance affordable, SBP has announced Government’s Mark-up Subsidy for Housing Finance scheme to provide subsidised financing to low and middle-income individuals," it added.