The State Bank of Pakistan (SBP) has been taking various regulatory steps to enhance banks/DFIs involvement in the growth of these sectors through their financing, in line with the Government of Pakistan’s initiative for housing and construction development.
To promote increased participation and investment by banks and DFIs in Real Estate Investment Trusts (REITs), SBP has made amendments to some provisions of the current Prudential Regulations for Corporate and Commercial Banking.
Asset management firms that own or fund income-producing real estate through a variety of property sectors are known as REITs.
REITs invest in real estate properties to increase investment in the housing and construction industries, which helps to drive economic growth and development.
Various types of funds are floated by these wealth management firms to collect funds from the general public and institutions.
