Construction Industry Grow with Massive 75 % Increase in Finance – Ukaaj.com | A great real estate is HERE !

Construction Industry Grow with Massive 75 % Increase in Finance

  • 2 weeks ago
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Pakistan: According to The State Bank of Pakistan, housing and construction finance in FY21 saw a remarkable increase of Rs111 billion or 75 % to reach Rs259 billion compared to FY20.
The SBP official said that “About 97pc of the overall target set by State Bank for June 30, 2021, was met,” that an increase of this quantum in housing & construction finance in 1 year is extraordinary in Pakistan’s history.
SBP Governor Dr. Reza Baqir provided all details during the National Coordination Committee meeting on Housing, Construction and Development (NCCHCD), which Prime Minister Imran Khan chaired.

While the Prime Minister emphasized that banks’ portfolios must show strong growth in disbursements of loans in the coming days.

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