Pakistan: BOP & FGEHA Sign an MoU

Print
 
Feb 2021
Pakistan, February, 11 2021 - This MoU will go a long way in providing affordable housing to the employees of federal government and BOP will be a key player in materializing this vision.

Bank of Punjab (BOP) and Federal Government Employees Housing Authority (FGEHA) signed a Memorandum of Understanding (MoU) in a ceremony held at Ministry of Housing & Works, Islamabad. This MoU will go a long way in providing affordable housing to the employees of federal government and BOP will be a key player in materializing this vision.

Dr. Imran Zaib Federal Secretary Ministry of Housing & Works, presided the ceremony. The MoU was signed by Mr. Zafar Masud (President & CEO – The Bank of Punjab) and Mr.Waseem Hayat Bajwa (DG FGEHA). Amongst the attendees were Mr. Asif Riaz (Group Head Retail Lending – BOP)and Mr.Tahir Naeem Akhtar (Director Finance – FGEHA).

This is another landmark agreement which shows Bank of Punjab’s significant commitment to housing sector in Pakistan. BOP has also arranged back-to-back funding from Pakistan Mortgage Refinance Company to provide housing finance.

Bank of Punjab has extended special mark-up rates to FGEHA apart from low-cost housing scheme. Additionally, BOP has also offered the authority to make a special booth to facilitate federal employees in smooth execution of financing facility by providing one window solution.



Source : Daily Times
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More