{"id":67524,"date":"2020-07-04T10:18:00","date_gmt":"2020-07-04T05:18:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67524"},"modified":"2020-07-03T17:21:41","modified_gmt":"2020-07-03T12:21:41","slug":"usd-3-2mn-pledged-nphp-developments","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/usd-3-2mn-pledged-nphp-developments.html","title":{"rendered":"USD 3.2mn pledged for NPHP developments"},"content":{"rendered":"\n<p>Karachi: The International Finance Corporation (IFC) has invested USD 3.2 million (nearly PKR 500 million) in the Pakistan Mortgage Refinance Company (PMRC) for facilitating affordable developments under the Naya Pakistan Housing Programme (NPHP) in Balochistan and Khyber Pakhtunkhwa (KP) \u2013 according to a news report published today (July 3). The World Bank (WB) also plans to provide a credit line of USD 500 million to Pakistan for the said project.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/minister-shares-nphp-development-wb.html\" target=\"_blank\" rel=\"noreferrer noopener\">Minister shares NPHP development progress with WB<\/a><\/p>\n\n\n\n<p>The credit line by the WB was to be established during the ongoing year but plans have been delayed due to the prevailing coronavirus situation in the country. However, it will now be provided by June 2021.<\/p>\n\n\n\n<p>Moreover, the PMRC provides housing finance for affordable housing at low mark-up with loans up to a period of 25 years to the banks \u2013 which in turn may provide it to the public with some additional mark-up.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pmrc-provide-pkr-4-8-bn-nphp.html\" target=\"_blank\" rel=\"noreferrer noopener\">PMRC to provide PKR 4.8 bn for NPHP<\/a><\/p>\n\n\n\n<p>Reportedly, this will be a second collaboration between the WB and the PMRC. Previously, the international lender had established a credit line of USD 140 for PMRC finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The International Finance Corporation (IFC) has invested USD 3.2 million (nearly PKR 500 million) in the Pakistan Mortgage Refinance Company (PMRC) for facilitating affordable developments under the Naya Pakistan Housing Programme (NPHP) in Balochistan and Khyber Pakhtunkhwa (KP) \u2013 according to a news report published today (July 3). The World Bank (WB) also plans to provide a credit line of USD 500 million to Pakistan for the said project. Read: Minister shares NPHP development progress with WB The credit line by the WB was to be established during the ongoing year but plans have been delayed due to the prevailing coronavirus situation in the country. However, it will now be provided by June 2021. Moreover, the PMRC provides housing finance for affordable housing at low mark-up with loans up to a period of 25 years to the banks \u2013 which in turn may provide it to the public with some additional mark-up. Read: PMRC to provide PKR 4.8 bn for NPHP Reportedly, this will be a second collaboration between the WB and the PMRC. Previously, the international lender had established a credit line of USD 140 for PMRC finance.<\/p>\n","protected":false},"author":57,"featured_media":66754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[17184,33655,33659,4438],"persona":[],"class_list":{"0":"post-67524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-naya-pakistan-housing-programme-nphp","9":"tag-pakistan-mortgage-refinance-company","10":"tag-usd-3-2mn-pledged-for-nphp-developments","11":"tag-world-bank","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD 3.2mn pledged for NPHP developments - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The International Finance Corporation (IFC) has invested USD 3.2 million (nearly PKR 500 million) in the Pakistan Mortgage Refinance Company (PMRC) for facilitating affordable developments under the Naya Pakistan Housing Programme (NPHP) in Balochistan and Khyber Pakhtunkhwa (KP) \u2013 according to a news report published today (July 3).\" \/>\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\/usd-3-2mn-pledged-nphp-developments.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 3.2mn pledged for NPHP developments - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The International Finance Corporation (IFC) has invested USD 3.2 million (nearly PKR 500 million) in the Pakistan Mortgage Refinance Company (PMRC) for facilitating affordable developments under the Naya Pakistan Housing Programme (NPHP) in Balochistan and Khyber Pakhtunkhwa (KP) \u2013 according to a news report published today (July 3).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/usd-3-2mn-pledged-nphp-developments.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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