1. Pakistan and the Application of Mortgage Law
... economic potential. Financing of mortgages in the developed world is one of the prime economic stimulants as its percentage to Gross Domestic Product (GDP) exceeds about 60%, while in most developing countries, the housing loans to GDP ratios is near to 20%. In South Asia, India's ratio stands at about 9% but Pakistan's ratio of less than 1% is astoundingly far ... In these economies, residential mortgage lending is small in scale, difficult to access and only bank- based with minimal dependency on capital markets. This lack of financial services in developing countries has a negative ef...
- Word Count: 6021
- Approx Pages: 24
- Grade Level: High School