The State Bank of Pakistan (SBP) has introduced an incentive mechanism for all banks in Pakistan, including Islamic banks, to help boost the housing and construction sectors with financing extended to developers and builders. NESSREEN TAMANO reports. The measure is an update to the central bank’s instruction, first issued in a circular published in July 2020 sent to all banks to reserve a mandatory 5% of their domestic private sector credit by the end of December 2021, to be dedicated....