Pakistan, April 30 -- The State Bank of Pakistan (SBP) has introduced new facilitation measures to speed up the implementation of the "Wazir-e-Azam Apna Ghar Program - Ghar Ho Tu Apna" housing finance programme, easing lending conditions and tightening processing timelines to improve access for prospective homeowners.

According to a circular issued on Tuesday, banks and the House Building Finance Company Limited (HBFCL) have been allowed greater flexibility in assessing borrowers and processing applications.

Under the revised framework, total monthly amortisation payments, including the housing finance under consideration and repayment obligations against all other consumer financings, should not exceed 65% of the net disposable income ...