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Banks directed to adopt income estimation model for low-cost housing finance

October 18, 2021June 18, 2021 by Web Desk

KARACHI: The State Bank of Pakistan (SBP) has allowed all commercial banks to adopt an income estimation model for extension of the low-cost housing finance. A circular issued on Thursday night read to facilitate the low-cost housing finance for the applicants with informal income, the central bank has asked banks to develop and deploy an … Read more

Banks allowed to collect service charges on interbank funds transfer

October 18, 2021June 16, 2021 by Web Desk

KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed banks to collect service charges on the interbank funds transfer (IBFT) on the amount above Rs25,000/month. The central bank issued the updated instructions to banks related to service charges in IBFT. It said the new instructions allow the banks and other service providers to charge … Read more

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