Pakistan News

    Magma Housing Finance Hyderabad Weather

  • Light rain turns weather chilly in Hyderabad

    HYDERABAD: Strong winds coupled with light rain and thunder lashed Hyderabad and its adjoining areas late on Monday evening, inundating low-lying areas and increasing cold in the wake albeit briefly...

    Weather turned chilly after the downpour...

  • Housing finance

    THE government wants the State Bank to devise a strategy to boost housing finance in the country as part of its plan to provide “dignified houses for the downtrodden” in the country...

    Pakistan has amongst the lowest advances for housing finance in the world...

  • Housing finance regulations amended

    KARACHI: The State Bank of Pakistan (SBP) amended prudential regulations for housing finance on Tuesday...

    Housing finance surpassed Rs10 billion in the first half of the current fiscal year, which is indicative of significant growth...

  • Islamic banks take lead in housing finance

    KARACHI: Islamic banks have emerged as lead financiers of housing projects at a time when conventional banks struggle to raise deposits for long-term maturity leading to low lending levels...

    The House Building Finance Corporation (HBFC), which has been a prime financier for the housing, was far behind as its average loan size was Rs1...

  • Issues in housing finance

    HOUSING finance is picking up following a demand uptick in major cities but still it is moving at a snail’s pace as the organised real estate sector is enormously under-served by the formal credit...

    Long-standing issues remain unresolved to push up credit volumes for the housing sector to realise its potential strategic role in boosting economic growth...

  • PMRC ready to boost housing finance

    KARACHI: The Pakistan Mortgage Refinance Company (PMRC) will provide liquidity to banks for making people’s access to housing loans easier, while fixed-rate bonds could be launched by next year, N...

    The government (National Bank of Pakistan and Ministry of Finance) holds 49 per cent while private sector banks hold the majority 51pc stake...

  • SBP initiates low-cost housing finance policy

    KARACHI: State Bank of Pakistan has initiated policy for financing of low-cost housing with the support and suggestions of stakeholders of this sector...

    “In order to address this issue, State Bank in consultation with relevant stakeholders, has developed a policy for promotion of low-cost housing finance in Pakistan,” said the SBP on Wednesday...

  • Housing finance jumps 16pc

    KARACHI: Housing finance by banks increased by 16...

    2 per cent during FY17 but the number of borrowers declined indicating the rising finance costs in the country...

  • PTI’s housing programme is ambitious but will it address the root causes of the housing crisis?

    First things first: the spirit behind the government’s Naya Pakistan Housing Programme (NPHP) must be commended...

    The struggle for dignified housing in Pakistan has a long history replete with brutal evictions of katchi abadi dwellers, political and legal resistance by groups like the Karachi Indigenous Rights Alliance, the Alliance for Katchi Abadis and the Awami Workers’ Party (AWP), the cumulative efforts of low-income housing...

  • Overeating, weather led to increased gastro cases

    ISLAMABAD: Health experts blame rising gastro cases on humid weather and change in eating habits after the fasting month of Ramazan...

    Moreover, suffocation and humidity also one of the reasons for gastro as food is spoiled more quickly during this weather,” he said...

  • Country to suffer more bouts of inclement weather, says ministry

    ISLAMABAD: The ministry of climate change fears that the country is going to suffer in coming years more bouts of inclement weather patterns like the heatwave in Karachi that led to over a thousand deaths in a few days...

    ”Studies also reveal that temperatures in the northern parts of Pakistan will rise more than in southern areas, says a report prepared by the ministry on the changing weather patterns...

  • Met dept issues fresh severe weather warning

    LAHORE: The Pakistan Meteorological Department (PMD) issued on Friday another severe weather warning, forecasting torrential rain across the country, especially in Chitral and Gilgit-Baltistan (upper parts), from Sunday to Thursday...

    “The severe weather system is likely to persist in Gilgit-Baltistan and Chitral...

  • Likely to spare Sindh coast, Ashobaa turns city weather pleasant

    KARACHI: The tropical cyclone Ashobaa, currently located at around 700 kilometres south of the city, has turned north-west towards the Persian Gulf, missing the Sindh coast though affecting weather in Pakistan’s coastal areas including Karachi...

    Though still quite far from the coast, Ashobaa has started influencing the weather of Karachi that experienced a cloudy day, said a weatherman...

  • Weather conditions force PIA to cancel 6 flights

    KARACHI: Six flights of the Pakistan International Airlines (PIA) were cancelled on Saturday because of poor visibility caused by smog and other weather-related conditions in southern Punjab and upper Sindh region...

    Weather had affected some other flights which got delayed on Saturday while some more were expected to be delayed...

  • More
Back to top