Pakistan, July 5 -- Pakistan's housing finance sector is set for a major expansion after the federal government approved the inclusion of non-bank financial institutions in the Prime Minister's Apna Ghar Programme on the recommendation of the Securities and Exchange Commission of Pakistan (SECP).

The move is expected to significantly improve access to affordable home financing, particularly for low- and middle-income households, by allowing Non-Banking Finance Companies (NBFCs) to participate in the government's flagship housing initiative alongside commercial banks. Under the new framework, non-bank housing finance and investment finance companies will be authorized to provide home loans of up to Rs. 10 million, while microfinance insti...