Tag Archives: Rising interest rate shatters dream of low-cost housing

KARACHI: The dream of cheap housing in the country may remain only a dream as the interest rate hikes have undermined the low-cost housing programme. Financial institutions are charging as high as 15-18 per cent interest on housing loans despite low-rate supply of liquidity from the World Bank through a refinancing company. “We have disbursed Rs2 billion to the House …

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