SBP new REIT regulation ‘good move’ for real estate investment
SBP new REIT regulation ‘good move’ for real estate investment
In what is believed as a positive development for the real estate sector, the State Bank of Pakistan has announced relaxation to banks and development finance institutions to grow investment in real estate investment trusts (REITs) to uplift the housing and construction sector.
SBP amended its capital adequacy regulations by lowering the risk weight of banks/DFIs from 200 % to 100pc on their investment in units of Real Estate Investment Trusts for five years.
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