ANL 33.35 Increased By ▲ 0.60 (1.83%)
ASC 14.66 Increased By ▲ 0.28 (1.95%)
ASL 25.51 Increased By ▲ 0.01 (0.04%)
AVN 95.80 Increased By ▲ 0.10 (0.1%)
BOP 9.19 Increased By ▲ 0.04 (0.44%)
BYCO 10.12 Increased By ▲ 0.14 (1.4%)
DGKC 136.20 Increased By ▲ 0.90 (0.67%)
EPCL 51.05 Decreased By ▼ -0.20 (-0.39%)
FCCL 24.88 Increased By ▲ 0.19 (0.77%)
FFBL 25.05 Increased By ▲ 0.55 (2.24%)
FFL 15.65 Increased By ▲ 0.23 (1.49%)
HASCOL 10.82 Increased By ▲ 0.10 (0.93%)
HUBC 87.00 Increased By ▲ 0.26 (0.3%)
HUMNL 7.24 Increased By ▲ 0.14 (1.97%)
JSCL 26.90 Increased By ▲ 0.31 (1.17%)
KAPCO 39.10 Decreased By ▼ -0.10 (-0.26%)
KEL 4.12 Increased By ▲ 0.01 (0.24%)
LOTCHEM 14.99 Increased By ▲ 0.27 (1.83%)
MLCF 47.05 Increased By ▲ 0.21 (0.45%)
PAEL 38.24 Increased By ▲ 1.14 (3.07%)
PIBTL 11.91 Increased By ▲ 0.08 (0.68%)
POWER 10.59 Increased By ▲ 0.09 (0.86%)
PPL 91.00 Decreased By ▼ -0.50 (-0.55%)
PRL 27.46 Increased By ▲ 1.64 (6.35%)
PTC 8.97 Increased By ▲ 0.07 (0.79%)
SILK 1.43 Increased By ▲ 0.03 (2.14%)
SNGP 43.99 Increased By ▲ 2.92 (7.11%)
TRG 149.72 Increased By ▲ 2.02 (1.37%)
UNITY 30.55 Increased By ▲ 0.07 (0.23%)
WTL 1.52 Decreased By ▼ -0.02 (-1.3%)
BR100 5,013 Increased By ▲ 28.16 (0.56%)
BR30 26,050 Increased By ▲ 217.03 (0.84%)
KSE100 46,158 Increased By ▲ 193.25 (0.42%)
KSE30 19,309 Increased By ▲ 73.15 (0.38%)

LAHORE: The President and CEO of Bank of Punjab inaugurated a housing scheme – Garden Squares in Eminabad. BOP has taken lead in financing such projects of public value and this is first of its kind private sector collaboration for providing state-of-the art housing to low-income segment through financing.

Inaugurating the project, Zafar Masud, said that it is a revolutionary project through which The Bank of Punjab is making practical efforts to fulfill the Prime Minister’s dream. The Bank of Punjab will provide financial assistance in the form of loans on easy terms for home buyers. He also said “I have instructed my team to provide all kinds of facilities and guidance to all the applicants at their doorstep, who want to avail a loan from The Bank of Punjab”.

Zafar Masud further said that The Bank of Punjab has reduced the markup rate under a special package to facilitate the people in light of the directives of the Prime Minister. For a five-marla house, the mark-up rate for the first five years will be 5 percent, for the next five years it will be 7 percent and after 10 years it will be according to the market rate.—PR

Copyright Business Recorder, 2021