PAKISTAN: Dubai Islamic Bank Pakistan (DIBPL) has collaborated with the Pakistan Mortgage Refinance Company (PMRC) to provide low-cost housing and affordable housing finance in the country, a press release confirmed.
Under the agreement, PMRC has provided fixed rate concessional funds of PKR3 billion (US$16.32 million) to DIBPL to boost the flow of funds toward the middle- and low-income segments and support the overall growth of the housing sector in the country.