Back in October 2020, the State Bank of Pakistan (SBP) announced that the government will be providing a facility for the construction and purchase of new houses to the people of Pakistan.
“This facility will allow all individuals, who will be constructing or buying a new house for the first time, to avail the bank’s financing at subsidised and affordable markup rates,” a statement from the SBP said.
This facility will be provided with the administrative support of the State Bank of Pakistan as the executing partner of the Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA), the statement added.