{"id":49476,"date":"2019-02-19T14:20:46","date_gmt":"2019-02-19T09:20:46","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49476"},"modified":"2019-02-19T14:44:59","modified_gmt":"2019-02-19T09:44:59","slug":"pkr-3-6bn-to-be-allocated-for-low-cost-housing-to-hbfc","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pkr-3-6bn-to-be-allocated-for-low-cost-housing-to-hbfc.html","title":{"rendered":"PKR 3.6bn to be allocated for low-cost housing to HBFC"},"content":{"rendered":"<p>Karachi: The Housing Building Finance Company (HBFC) is set to receive PKR 3.6 billion for the development of low-cost housing projects from the Pakistan Mortgage Refinance Company (PMRC), according to a news source. This funds allocation to the HBFC is geared to provide long-term mortgages to end consumers.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/supreme-court-asks-government-to-make-policies-for-low-cost-housing.html\" target=\"_blank\" rel=\"noopener noreferrer\">Supreme Court asks Government to make policies for low cost housing<\/a><\/p>\n<p>The PMRC receives cheaper loans from the World Bank, and has signed an agreement with HBFC. This signing ceremony took place at the offices of the central bank. Governor State Bank Tariq Bajwa presided over the event, where high officials from both financial bodies were also present.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/low-cost-housing-finance-policy-initiated.html\" target=\"_blank\" rel=\"noopener noreferrer\">Low-cost housing finance policy initiated<\/a><\/p>\n<p>The agreement states that PMRC will provide long-term fixed rate funding of up to PKR 3.6 billion to the HBFC. HBFC will use this amount to deliver home mortgage loans to end consumers.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/low-cost-housing-needs-usd-180bn-to-meet-pakistans-shortage.html\" target=\"_blank\" rel=\"noopener noreferrer\">Low-cost housing needs USD 180bn to meet Pakistan\u2019s shortage<\/a><\/p>\n<p>Bajwa emphasised that the role of the housing finance sector in the national economy (with a GDP-to-mortgage ratio of 0.2% to 0.3%) is very limited as compared to its significance in other regional economies. This agreement aims to promote the industry, and meet the increasing demand for affordable housing in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Housing Building Finance Company (HBFC) is set to receive PKR 3.6 billion for the development of low-cost housing projects from the Pakistan Mortgage Refinance Company (PMRC), according to a news source. This funds allocation to the HBFC is geared to provide long-term mortgages to end consumers. Read:\u00a0Supreme Court asks Government to make policies for low cost housing The PMRC receives cheaper loans from the World Bank, and has signed an agreement with HBFC. This signing ceremony took place at the offices of the central bank. Governor State Bank Tariq Bajwa presided over the event, where high officials from both financial bodies were also present. Read:\u00a0Low-cost housing finance policy initiated The agreement states that PMRC will provide long-term fixed rate funding of up to PKR 3.6 billion to the HBFC. HBFC will use this amount to deliver home mortgage loans to end consumers. Read:\u00a0Low-cost housing needs USD 180bn to meet Pakistan\u2019s shortage Bajwa emphasised that the role of the housing finance sector in the national economy (with a GDP-to-mortgage ratio of 0.2% to 0.3%) is very limited as compared to its significance in other regional economies. This agreement aims to promote the industry, and meet the increasing demand for&hellip;<\/p>\n","protected":false},"author":58,"featured_media":36989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[2169,2964,5306,4595],"persona":[],"class_list":{"0":"post-49476","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-affordable-housing","8":"tag-financing","9":"tag-home-loans","10":"tag-mortgage"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PKR 3.6bn to be allocated for low-cost housing to HBFC - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Housing Building Finance Company (HBFC) is set to receive PKR 3.6 billion for the development of low-cost housing projects from the Pakistan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pkr-3-6bn-to-be-allocated-for-low-cost-housing-to-hbfc.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PKR 3.6bn to be allocated for low-cost housing to HBFC - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Housing Building Finance Company (HBFC) is set to receive PKR 3.6 billion for the development of low-cost housing projects from the Pakistan\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pkr-3-6bn-to-be-allocated-for-low-cost-housing-to-hbfc.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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