Government reduces property documents for Apna Ghar housing loans to five
The Pakistani government simplified mandatory property documentation for banks under the Prime Minister's Apna Ghar Programme in Islamabad on October 18.
State Bank issues formal instructions
The State Bank of Pakistan issued formal instructions to banks regarding these changes. An official spokesperson for the Ministry of Housing and Works confirmed that Prime Minister Muhammad Shehbaz Sharif directed this simplification.
Required documents now total five
Banks will require a transfer and possession letter, a site plan, a mortgage permission letter, and registration of the mortgage. These four items plus one other essential document complete the new set of five required for housing finance.
Process aims to help buyers
Officials stated the measures aim to simplify the loan application process and reduce procedural hurdles. The changes are intended to improve access to housing finance for people seeking to build their own homes.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Associated Press of Pakistan
- Business Recorder
Reported by
2 independent outlets. Headlines as published. Links open the original report.