The new MOU of agreement regarding the BOP Housing Scheme For Federal Employees 2021 has been signed between the Bank of Punjab and the Federal Government Employees Housing Authority (FGEHA).
Bank of Punjab Low Cost Housing Scheme 2021 Details
Bank of Punjab (BOP) and Federal Government Employees Housing Authority (FGEHA) signed а Memorandum 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 the federal government and BOP will be a key player in materializing this vision. Dr. Imran Zaib Federal Secretary of the Ministry of Housing & Works presided at 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 that shows the Bank of Punjab’s significant commitment to the 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 the 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.