Governor SBP Informs PM About Progress On Naya Pakistan Housing Loan Disbursements
An awareness drive for the middle-class and the poor has also been launched
The State Bank and all the commercial banks of Pakistan have constituted a steering committee to regularly review modalities for disbursement of loans to the housing sector.
In a weekly meeting of the NCC on Housing and Construction, the Governor SBP, Dr. Reza Baqir, informed Prime Minister Imran Khan regarding the latest development. The governor announced that disbursement of loans for houses’ construction has begun from 7,700 branches of commercial banks.
The heads of commercial banks as special invitees attended the meeting.
The meeting was notified that commercial banks have already received plenty of applications for loans. The SBP has launched a complaint redressal portal, wherein applicants can register their problems in obtaining loans.
The PM has acknowledged the cooperation of commercial banks for the promotion of the housing sector. Khan stated that for the first time in Pakistan’s history, the commercial banks have started providing loans to the poor to construct their houses.
The premier termed the construction sector’s promotion to provide a home to the poor as national service.
The commercial banks’ representatives have guaranteed their full support to the government in the construction sector.
The Chairman Lahore Development Authority, Ahmad Aziz Tarar, informed the meeting about the LDA city Naya Pakistan Housing Apartments, Lahore. He said that 35,000 housing units would be constructed under the project, with most of them allocated for the middle-class and poor people.
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