SBP sets house construction loans’ target for banks
The State Bank of Pakistan has given a target to all commercial banks for giving loans to the people for construction of houses, warning the banks of imposition of a fine in case they do not meet the target, reported 24NewsHD TV channel.
The State Bank on Wednesday took a big decision regarding the advancement of loans for the construction of houses. The central bank decided to impose a fine on banks which would not give loans for house construction.
The State Bank in its statement revealed that the government had decided to give subsidy on the loans taken for the construction of houses.
Reporter Ashraf Khan