{"id":71064,"date":"2020-10-01T17:15:06","date_gmt":"2020-10-01T12:15:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71064"},"modified":"2020-10-02T14:52:51","modified_gmt":"2020-10-02T09:52:51","slug":"sbp-urged-to-take-aggressive-approach-for-lending-home-loans","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-urged-to-take-aggressive-approach-for-lending-home-loans.html","title":{"rendered":"SBP urged to take aggressive approach for lending home loans"},"content":{"rendered":"\n<p>Karachi: Naya Pakistan Housing Programme (NPHP) Chairman and the former CEO of the House Building Finance Company (HBFC) Zaigham Mahmood Rizvi has urged the State Bank of Pakistan (SBP) to take a more \u2018aggressive approach\u2019 for lending home loans and collecting information on housing finance in the country, according to a news report published on September 29.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/hbfc-leading-financial-institution-providing-home-loans-nphp.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018HBFC to become leading financial institution providing home loans for NPHP developments: MD Aly\u2019<\/a><\/p>\n\n\n\n<p>He made these comments while addressing a webinar titled \u2018The future outlook of Housing Finance Industry in Pakistan in view of the government\u2019s initiatives\u2019. On the occasion, Mr. Rizvi further observed that no fiscal or regulatory incentives had been provided in the country to encourage housing finance. It was only recently that for the first time ever, the SBP decided to lower borrowing costs and encourage banks to lend more in the housing finance category.<\/p>\n\n\n\n<p>Earlier, the government had made it compulsory for commercial banks to utilize 5% of their total lending towards housing finance. Mr. Rizvi additionally revealed that India had over 90 housing finance institutions lending home loans, whereas Pakistan only had one.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-offer-home-loan-facility-tpeshawar-residencia-allottees.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP to offer home loan facility to deserving Peshawar Residencia allottees<\/a><\/p>\n\n\n\n<p>During the event, the webinar participants compared Pakistan\u2019s present <a href=\"https:\/\/www.zameen.com\/news\/nphp-cabinet-approves-mortgage-policy-for-home-loans-procurement.html\" target=\"_blank\" rel=\"noreferrer noopener\">housing finance<\/a> limitations to other countries in the South-Asian region, and took the opportunity to stress that housing finance required long-term funding in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Naya Pakistan Housing Programme (NPHP) Chairman and the former CEO of the House Building Finance Company (HBFC) Zaigham Mahmood Rizvi has urged the State Bank of Pakistan (SBP) to take a more \u2018aggressive approach\u2019 for lending home loans and collecting information on housing finance in the country, according to a news report published on September 29. Read: \u2018HBFC to become leading financial institution providing home loans for NPHP developments: MD Aly\u2019 He made these comments while addressing a webinar titled \u2018The future outlook of Housing Finance Industry in Pakistan in view of the government\u2019s initiatives\u2019. On the occasion, Mr. Rizvi further observed that no fiscal or regulatory incentives had been provided in the country to encourage housing finance. It was only recently that for the first time ever, the SBP decided to lower borrowing costs and encourage banks to lend more in the housing finance category. Earlier, the government had made it compulsory for commercial banks to utilize 5% of their total lending towards housing finance. Mr. Rizvi additionally revealed that India had over 90 housing finance institutions lending home loans, whereas Pakistan only had one. Read: KP to offer home loan facility to deserving Peshawar Residencia allottees During&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,15016],"tags":[40614,17184,40613,21853],"persona":[],"class_list":{"0":"post-71064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-new-developments","9":"tag-housing-finance-industry","10":"tag-naya-pakistan-housing-programme-nphp","11":"tag-sbp-urged-to-take-aggressive-approach-for-lending-home-loans","12":"tag-state-bank-of-pakistan-sbp","13":"cat-15013-id","14":"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>SBP urged to take measures for lending home loans - Zameen News<\/title>\n<meta name=\"description\" content=\"On the occasion, Mr. Rizvi further observed that no fiscal or regulatory incentives had been provided in the country to encourage housing finance\" \/>\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\/sbp-urged-to-take-aggressive-approach-for-lending-home-loans.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP urged to take measures for lending home loans - Zameen News\" \/>\n<meta property=\"og:description\" content=\"On the occasion, Mr. Rizvi further observed that no fiscal or regulatory incentives had been provided in the country to encourage housing finance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-urged-to-take-aggressive-approach-for-lending-home-loans.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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