Pakistan, Oct. 19 -- The government has simplified property documentation requirements for banks under the Prime Minister's Apna Ghar Programme, reducing the number of mandatory documents for housing finance to five to facilitate access to loans for prospective homeowners.

The State Bank of Pakistan (SBP) has issued formal instructions to banks in this regard on the directives of Prime Minister Muhammad Shehbaz Sharif, an official spokesperson for the Ministry of Housing and Works told APP.

Under the revised requirements, banks will require five essential property-related documents for housing finance under the scheme, including a transfer and possession letter, a site plan, a mortgage permission letter and registration of the mortgage....