As per the statement of the State Bank of Pakistan, housing & construction industry finance in the year FY21 got an extraordinary increase of Rs111 billion or 75% to attain Rs259billion in the comparison to financial year 20.
During a meeting of the National Coordination Committee on Housing, Construction & Development (NCCHCD), headed by PM Imran Khan, Dr Reza Baqir-SBP Governor provided the data to the participants.
The SBP official stated that “About 97% of the overall target set by State Bank for June 30, 2021 was met,”, with the addition that an upsurge of this quantum in housing & construction finance in 1 year is extraordinary in Pakistan’s history.
Nevertheless, the PM emphasized that banks’ portfolio must demonstrate robust growth in expenditures of loans within the next few days, said the SBP.
