As
you would be aware that in terms of BPRD Circular No. 10 of
May 10, 1998, banks were informed that State Bank of Pakistan
was in the process of opening a refinance window for long
term funds from multilateral agencies.
It
has now been decided to activate a Housing Refinance Window
at the State Bank of Pakistan, which will be operative through
Housing Finance Companies (HFCs) registered and functional
in the private and public sector. The guidelines for the operation
of the Housing Refinance Window have been formulated and these
are annexed to this circular.
Please
acknowledge receipt. Ecl:
(22 No)
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