{"id":79203,"date":"2021-08-31T11:21:00","date_gmt":"2021-08-31T06:21:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=79203"},"modified":"2021-08-31T11:22:46","modified_gmt":"2021-08-31T06:22:46","slug":"bank-regulatory-body-being-set-up-to-finance-housing-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html","title":{"rendered":"Bank regulatory body being set up to finance housing sector"},"content":{"rendered":"\n<p>Karachi: Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market while unveiling the economic plan for sustainable growth, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/subsidised-housing-finance-pkr-45-bn-approved.html\" target=\"_blank\" rel=\"noreferrer noopener\">Subsidised housing finance of PKR 45 billion approved: Reza Baqir<\/a><\/p>\n\n\n\n<p>Arif Habib, a member of the Economic Advisory Council (EAC), while talking to the media, stated that after the establishment of a housing finance institution, the function of housing finance will not fall under the commercial banking arena.&nbsp;<\/p>\n\n\n\n<p>Sharing details about the regulatory body, the EAC member stated that housing finance companies will be from the private sector. He went on to say that the main purpose is to create an environment where the private sector can easily pursue housing finance as the sole business. Currently, the housing finance market is being regulated by the State Bank of Pakistan (SBP).<\/p>\n\n\n\n<p>It is important to note that no housing finance company existed in the country until earlier this year. In June, the Securities and Exchange Commission of Pakistan issued <a href=\"https:\/\/www.zameen.com\/news\/secp-shares-statistics-on-licenses-issued-to-hfcs-for-promoting-housing-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">licenses <\/a>to three companies \u2013 Asaan Ghar Finance Ltd, Trellis Housing Finance Company, and Pakistan Housing Finance Company.&nbsp;<\/p>\n\n\n\n<p>Moreover, Arif Habib also revealed that the government will encourage banks to provide funds to the housing finance companies so they can improve their operations. Further, he predicted that microfinance banks, investment banks, and fund management companies will set up housing finance companies to take advantage of increasing opportunities.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/housing-finance-highest-pakistan-history.html\" target=\"_blank\" rel=\"noreferrer noopener\">Housing finance jumps highest in Pakistan\u2019s history in one year<\/a><\/p>\n\n\n\n<p>To further support to the housing sector, the government has also earmarked PKR 36 billion for housing loan mark-up subsidy in a bid to promote affordable housing availability for low-income segments over a period of 10-years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market while unveiling the economic plan for sustainable growth, according to news sources. Read: Subsidised housing finance of PKR 45 billion approved: Reza Baqir Arif Habib, a member of the Economic Advisory Council (EAC), while talking to the media, stated that after the establishment of a housing finance institution, the function of housing finance will not fall under the commercial banking arena.&nbsp; Sharing details about the regulatory body, the EAC member stated that housing finance companies will be from the private sector. He went on to say that the main purpose is to create an environment where the private sector can easily pursue housing finance as the sole business. Currently, the housing finance market is being regulated by the State Bank of Pakistan (SBP). It is important to note that no housing finance company existed in the country until earlier this year. In June, the Securities and Exchange Commission of Pakistan issued licenses to three companies \u2013 Asaan Ghar Finance Ltd, Trellis Housing Finance Company, and Pakistan Housing Finance Company.&nbsp; Moreover, Arif Habib also revealed that the government will&hellip;<\/p>\n","protected":false},"author":83,"featured_media":77671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[47854,47847],"persona":[],"class_list":{"0":"post-79203","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-bank-regulatory-body-being-set-up-to-finance-housing-sector","9":"tag-pakistan-housing-bank","10":"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>Regulatory body to be set up for financing housing sector- Zameen News<\/title>\n<meta name=\"description\" content=\"Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market.....\" \/>\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\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulatory body to be set up for financing housing sector- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market.....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-31T06:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-31T06:22:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iqra Masood\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iqra Masood\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulatory body to be set up for financing housing sector- Zameen News","description":"Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market.....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html","og_locale":"en_US","og_type":"article","og_title":"Regulatory body to be set up for financing housing sector- Zameen News","og_description":"Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market.....","og_url":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2021-08-31T06:21:00+00:00","article_modified_time":"2021-08-31T06:22:46+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg","type":"image\/jpeg"}],"author":"Iqra Masood","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Iqra Masood","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html"},"author":{"name":"Iqra Masood","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925"},"headline":"Bank regulatory body being set up to finance housing sector","datePublished":"2021-08-31T06:21:00+00:00","dateModified":"2021-08-31T06:22:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html"},"wordCount":296,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg","keywords":["Bank regulatory body being set up to finance housing sector","Pakistan Housing Bank"],"articleSection":["Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html","url":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html","name":"Regulatory body to be set up for financing housing sector- Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg","datePublished":"2021-08-31T06:21:00+00:00","dateModified":"2021-08-31T06:22:46+00:00","description":"Finance Minister Shaukat Tarin on Friday announced setting up \u2018Pakistan Housing Bank\u2019 \u2013 a regulatory body for the housing finance market.....","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/07\/News-Cover-Shaukat-Tarin.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/bank-regulatory-body-being-set-up-to-finance-housing-sector.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Bank regulatory body being set up to finance housing sector"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925","name":"Iqra Masood","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","caption":"Iqra Masood"},"description":"Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows &amp; movies.","sameAs":["http:\/\/zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/iqramasood"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/79203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=79203"}],"version-history":[{"count":4,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/79203\/revisions"}],"predecessor-version":[{"id":79222,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/79203\/revisions\/79222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/77671"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=79203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=79203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=79203"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=79203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}