Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 25
October 6, 2001  

All Housing Finance Companies 

Dear Sirs,

Opening of Housing Refinance Window (HRW)
 
at the State Bank of Pakistan
   

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)


Yours faithfully,
Sd/-
(Kazi Abdul Muktadir)
Director
       
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