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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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SBP raises exposure limit of housing finance to 25pc of mandatory targets

KARACHI: The State Bank of Pakistan (SBP) has increased the exposure limit up to 25 per cent from 10 per cent of the mandatory targets for housing and construction finance and investments.

All banks have been directed to finalise an action plan in compliance with the updated policy promoting housing and construction activities in the country.

Apart from comprising detailed measures and timelines, the format of the action plans will include a breakdown of overall targets into quarterly targets, development of suitable products, launching of media campaigns, and development of internal technology, capacity building of staff, and other actions needed to ensure the target is being met.

The central bank also announced to closely monitor the progress of these policies and action against those in and non-compliance action under the relevant provisions of the Banking Companies Ordinance, 1962.

 

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