KARACHI: The issuance of housing loans has witnessed a marked reduction due to high interest rates coupled with steep construction cost, a State Bank report said.
According to a State Bank’s report on Development Financing, the total volume of house financing registered a nominal rise of two percent to Rs73.60 billions till September 2008.
Interest rates soared due to tight monitory policy, leading to reduction in obtainment of housing loans by private sector.
According to a State Bank’s report on Development Financing, the total volume of house financing registered a nominal rise of two percent to Rs73.60 billions till September 2008.
Interest rates soared due to tight monitory policy, leading to reduction in obtainment of housing loans by private sector.
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