The Bank of Punjab (BoP) in collaboration with Red Mountain Suria Pvt (Ltd) has launched a project "Souria Resorts House Financing Scheme," sources said. In this connection General Manager, Products/SME Division, BoP S M Atif and Chairman of Red Mountain Suria Afaq Tiwana signed a MoU on behalf of their respective organisations on Wednesday, sources added.
Manager Consumer Products Muhammad Akbar and Incharge Auto& House Finance (BoP) Atif Khan and other staff members of Red Mountain were also present on the occasion.
The bank under this scheme would provide house finance facilities to overseas and the resident Pakistanis to purchase Suria Resorts, condominiums and villas on most attractive terms for maximum tenure of 20 years. This arrangement shall help to attract foreign investment, develop housing sector and promote tourism industry in Pakistan.
Red Mountain Suria, in a joint venture, with Malaysian company is developing state of the art luxuries resorts situated in a pristine and idyllic setting at the foothills of Sakesar in the Salt Range Mountains on an area of 4,000 Kanals. The first phase of the resort comprises of world class clubhouse, convention centre, signature golf course, equestrian/polo facility, water sports and sports complex.
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