SBP amends capital adequacy rules.
KARACHI -- The State Bank of Pakistan (SBP) has amended capital adequacy regulations by significantly lowering the applicable risk weight (from 200% to 100%) on banks'/ development finance institutions' (DFIs) investments in Real Estate Investment Trusts (REITs). In a statement on Wednesday, the central bank hoped that it would support the development of real estate sector. REITs are companies that raise funding from the general public and...
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