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Document Type: General
Publish Date: 2014
Primary Author: State Bank of Pakistan
Edited By: Suneela Farooqi
Published By: State Bank of Pakistan
Housing Finance was reported and regulated under the PRs of Consumer Finance. However, due to different nature of housing finance products in comparison to consumer products, the State bank of Pakistan (SBP, the central bank) has issued a separate set of housing finance Prudential Regulations (PRs). This initiative has been taken to create an enabling regulatory environment for the financial institutions through changes in general and relaxation in specific provisioning and reserve requirements.