{"id":69341,"date":"2020-08-18T13:03:28","date_gmt":"2020-08-18T08:03:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69341"},"modified":"2020-08-18T13:10:20","modified_gmt":"2020-08-18T08:10:20","slug":"pakistan-banks-association-support-growth-housing-construction-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-banks-association-support-growth-housing-construction-sector.html","title":{"rendered":"Pakistan Banks Association to support growth in housing, construction sector"},"content":{"rendered":"\n<p>Karachi: The Pakistan Banks Association (PBA) on Monday announced that it would support the country\u2019s housing and construction sector; further stating that it would introduce several housing and construction finance measures, a news source reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ccb-announces-amnesty-scheme-regularising-housing-societies.html\" target=\"_blank\" rel=\"noreferrer noopener\">CCB announces amnesty scheme for regularising housing societies<\/a><\/p>\n\n\n\n<p>PBA stated that it believed that the country\u2019s housing and construction finance sector was a significant contributor to overall economy, given its connection to many avenues of economic development. However, experts highlighted that currently, this type of finance stood quite low in Pakistan \u2013 making only 1% of the GDP.<\/p>\n\n\n\n<p>PBA officials said that that association believed this was a good time for its member banks to capitalise on housing and construction sector for growth in future lending on a secured basis with reasonable spreads. The association has announced its full support for the sector and encouraged the member banks to pursue it as a sound business proposition.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/special-cell-formed-fda-expedite-approvals-construction-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Special cell formed at FDA to expedite approvals for construction sector<\/a><\/p>\n\n\n\n<p>In a statement, PBA also appreciated the positive steps taken by the incumbent government and the State Bank of Pakistan (SBP) for enabling finance measures for housing and construction in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Pakistan Banks Association (PBA) on Monday announced that it would support the country\u2019s housing and construction sector; further stating that it would introduce several housing and construction finance measures, a news source reported. Read: CCB announces amnesty scheme for regularising housing societies PBA stated that it believed that the country\u2019s housing and construction finance sector was a significant contributor to overall economy, given its connection to many avenues of economic development. However, experts highlighted that currently, this type of finance stood quite low in Pakistan \u2013 making only 1% of the GDP. PBA officials said that that association believed this was a good time for its member banks to capitalise on housing and construction sector for growth in future lending on a secured basis with reasonable spreads. The association has announced its full support for the sector and encouraged the member banks to pursue it as a sound business proposition. Read: Special cell formed at FDA to expedite approvals for construction sector In a statement, PBA also appreciated the positive steps taken by the incumbent government and the State Bank of Pakistan (SBP) for enabling finance measures for housing and construction in the country.<\/p>\n","protected":false},"author":68,"featured_media":66663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15017],"tags":[37141],"persona":[],"class_list":{"0":"post-69341","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-notices-announcements","9":"tag-details-on-pakistan-banks-association-to-support-growth-in-housing-and-construction-sector","10":"cat-15013-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PBA to support housing and construction finance - Zameen News<\/title>\n<meta name=\"description\" content=\"PBA on Monday announced that its members would support housing and construction finance measures to boost growth in the said sector.\" \/>\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\/pakistan-banks-association-support-growth-housing-construction-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PBA to support housing and construction finance - Zameen News\" \/>\n<meta property=\"og:description\" content=\"PBA on Monday announced that its members would support housing and construction finance measures to boost growth in the said sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-banks-association-support-growth-housing-construction-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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