Explain with examples that how mortgagees contribute towards development of financial markets in context of Pakistan?
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Mortgages played vital role to contribute towards development of financial markets in Pakistan. Mortgage meaning:mortgage is a loan provided by a mortgage lender or a bank
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Mortgage is a long term loan that is provided by a bank or mortgage company to an individual for the purpose of property. This loan has also lower interest rates. Now this has made a significant rise in the real estate industry of the country and when real estate business is high, then it also supports the cycle of construction industry, with which huge amount of labour is associated. So overall this mortgage has helped in development of industries in Pakistan
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