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LOANS & CREDITS March 29, 2018

Housing Finance in Pakistan to Become Accessible and Affordable


WASHINGTON, March 29, 2018 - The World Bank’s Board of Executive Directors today approved the following project:

PAKISTAN HOUSING FINANCE PROJECT

IDA Credit: US $145 million

Terms: Maturity = 5 years (60 months), Grace = 25 years

Project ID: P162095

Project Description: The Pakistan Housing Finance Project will support Government of Pakistan’s vision and strategy for hous-ing development. The project will extend financial and technical assistance to Pakistan Mortgage Refi-nancing Company, the Planning Commission, and other institutions to increase availability of mortgage financing for households. Nearly a third of country’s population does not own homes and this pressure is rising with growing demand.

 


Contacts

Islamabad
Mehreen Saeed
Communications Officer
(92-51) 9090000
msaeed@worldbank.org
Washington
Elena Karaban
Senior Communication Officer
+1-202-280-3093
ekaraban@worldbank.org
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