LAHORE: The Bank of Punjab (BoP) and the LDA Naya Pakistan Apartment Project signed an agreement under which the allottees of the apartments will have facility of mortgage financing.

The agreement titled ‘Project Mortgage Deed’ was signed by BoP group head Umar Iqbal Sheikh and LDA Director General Ahmad Aziz Tarar.

“It is a landmark agreement under which the hurdles related to mortgage financing would be no more. Under this agreement, the burden of escalated construction cost would not affect the allottees,” Mr Tarar said.

Published in Dawn, December 11th, 2021