FAISALABAD: Senior Joint Director, State Bank of Pakistan, Faisal Shafaat has said that easy access to housing finance will not only help to overcome the shortage of housing units but also catalyzed much-needed economic activity through this safe banking investment module.
He was addressing an awareness programme on housing finance arranged by the access to finance unit of State Bank of Pakistan here on Sunday. More than 25 banks, developers, investors and other stakeholders participated in this programme.
He said that housing sector is one of the major components of the construction sector.
He told that SBP was arranging awareness seminars on housing finance to create awareness among general public.
He said that the instrument of housing finance is also one of the safest and secure modules. "We expect its hundred percent recovery as the finance provided under house finance is mortgaged against land on which it is built", he added.
Wasif Deputy Director, Akmal Javed Khokhar Deputy Chief Manager, Faheem Maqsood Assistant Chief Manager SBP Faisalabad and Iqbal Shah Regional Chief Manager House Building Finance Cooperation Limited also addressed the function
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