The Bank Of Punjab & LDA Signed An Agreement
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 the facility of mortgage financing.
According to the news sources, the agreement named ‘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.