RegAlert2022-03-17
Added · Updated
Circular No. 5 of 2022 – Inclusion of Housing Finance Companies in Government Markup Subsidy Scheme
Housing Finance Companies (HFCs) licensed by the Securities and Exchange Commission of Pakistan are included as Executing Agencies under the Government Markup Subsidy Scheme for Housing Finance. This inclusion follows approval by the Economic Coordination Committee and ratification by the Federal Cabinet, as communicated by the State Bank of Pakistan. The status is subject to eligibility criteria, financial soundness assessments, regulatory monitoring requirements, and markup subsidy payment mechanisms prescribed by the Commission.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
POLICY, REGULATION AND DEVELOPMENT DEPARTMENT
No. SC/NBFC-1-226/Circular/2022/ March 15, 2022
Circular No. 5 of 2022
Subject: Inclusion of Housing Finance Companies (HFCs) in Government Markup Subsidy Scheme (GMSS) for Housing Finance
In pursuance of the approval by the Economic Coordination Committee (ECC) and ratification by the Federal Cabinet on January 11, 2022, the State Bank of Pakistan (SBP) vide its letter No. IH&SMEFD.IHFD/MPMG/2022-02611 dated March 08, 2022 addressed to the Securities and Exchange Commission of Pakistan (the “Commission”) informed that it has included the Housing Finance Companies (HFCs) duly licensed by the Commission as Executing Agencies (EAs) under the Government Markup Subsidy Scheme (GMSS) for Housing Finance.
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works