The International Finance Corporation has invested in the Pakistan Mortgage Refinance Company (PMRC) for facilitating affordable developments under the Naya Pakistan Housing Program in Balochistan and Khyber Pakhtunkhwa . The World Bank also plans to provide a credit line of 500 million dollars to Pakistan for the said project.
The credit line by the World Bank was to be established during the ongoing year but plans have been delayed due to the prevailing corona-virus situation in the country. However, it will now be provided by June 2021. Moreover, the PMRC provides housing finance for affordable housing at low mark-up with loans up to a period of 25 years to the banks which in turn may provide it to the public with some additional mark-up.