Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No. 10
May 5, 1998  

All Banks

Dear Sirs,

CREDIT POLICY – HOUSING FINANCE

 

The following changes have been made in the housing finance regulations :-

1. Commercial banks are permitted to advance loans fro housing projects like other industrial and commercial projects.

2. Banks are allowed to provide mortgage loans keeping in view the requirement of prudence in lending and they can also float long terms bonds at market rates.

3. The State Bank is also in the process of opening a refinance window for long-term funds from multilateral agencies.

Please acknowledge receipt.

Yours faithfully,
Sd/-
(Mansur-ur-Rehman Khan)
Director

       
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