Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular Letter No. 03 of 2021
April 19, 2021

The Presidents/Chief Executives
All Banks/Microfinance Banks/DFIs

Dear Sir(s)/Madam(s)

Markup Subsidy for Housing Finance

1.   Please refer to IH&SMEFD Circular No. 11 dated October 12, 2020 on the captioned subject and subsequent revision vide Circular No. 03 dated March 25, 2021.

2.  In this regard, mechanism for payment of markup subsidy for housing finance has been developed and is attached for the banks/DFIs working as Executing Agencies (EAs) for the subject facility. EAs are advised to submit their claims to Development Finance Support Department (DFSD), SBP BSC, Karachi as per instructions contained in the attached payment mechanism within 15 working days from the end of each Quarter. However, EAs shall submit their claim within 15 working days for the quarter ending December 2020 and March 2021 from the date of issuance of this circular.

3.  Other instructions on the subject shall remain unchanged. Please ensure meticulous compliance of the instructions.


  1. Payment Mechanism of Markup Subsidy for Housing Finance
  2. Annexure A - Markup Subsidy Calcuation
  3. Annexure B - 1: Cover Letter for Banks/DFIs
  4. Annexure B - 2: Cover Letter for MFBs
  5. Annexure 1 - Subsidy Claim Form

Yours sincerely,

(Dr. Mian Farooq Haq)


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