PM’s scheme for low cost housing to benefit masses: Shibli
Process of providing loans to the people under the Prime Minister's low cost housing scheme has begun
The housing telethon is being live broadcast by Pakistan Television and other channels. Senator Shibli Faraz, Governor State Bank Raza Baqir, President National Bank of Pakistan and Chairman Naya Pakistan Housing Authority Lt Gen Retd Anwar Ali Haider, Executive Director State Bank Samar Hasnain are participating in the telethon.
Citizens are participating live in the telephone via telephone and asking questions regarding the process of applying for the loan in Naya Pakistan Housing Scheme.
Speaking in the telethone Senator Shibli Faraz said that Prime Minister Imran Khan is committed to make Pakistan a welfare state. He said that Prime Minister’s scheme for low cost housing is aimed at provide housing facilities to the common people. He said that the success of the scheme depends on the role of the banks. The government is ensuring that banks facilitate the people without any difficulties.
Speaking on the occasion Chairman Naya Pakistan Housing Authority Lt Gen retired Anwar Ali Haider said that process of providing loans to the people under the Prime Minister’s low cost housing scheme has begun.
Governor State Bank of Pakistan Raza Baqir said that State Bank has an important role in the low cost housing scheme as it ensures that the banks provide loans to the people as directed by the government. He said earlier in Pakistan the contribution of commercial banks in provision of loans for housing sector was less than one percent of the economy. Raza Baqir said that the State Bank will determine the issues due to which the banks were not providing loans to the people for construction of houses and resolve those issues.
He said that due to the Prime Ministers scheme now people can get loans worth one million, which they can pay back in monthly instalments worth 6600 rupees.
President National Bank of Pakistan Arif Usmani said that National Bank is facilitating people to get loans for construction of houses and for this purpose 1500 branches of NBP are providing information to the people, whereas 680 branches across the country are processing the applications for loans.