PM urges banks to facilitate salaried people seeking housing loans

ISLAMABAD, December 24: Prime Minister Imran Khan has urged the local banks to facilitate the salaried class seeking loans to build their houses under the government’s subsidised schemes.
While addressing the launching ceremony of ‘Mera Pakistan Mera Ghar Housing Finance Scheme’ in
Islamabad on Friday, the prime minister lamented that past rulers never made policies for the poor segment of the society. “This elitist mindset has caused tremendous damage to the country and the country’s development had never been inclusive,” he added.
The prime minister said the gap between rich and poor has widened in the country over the years due to the inequitable policies aimed at only facilitating a “small segment of the society”. He lauded the private banks for disbursing housing loans to the salaried class and urged them to further facilitate them so that masses can build their own houses.
The premier said his government’s housing finance policy will boost the country’s construction sector and economy. He reiterated the government’s commitment for inclusive development in the country by mainstreaming the poor and downtrodden segments of society. He said this is the first time that poor and low income families in the country will have their own homes.
The prime minister, on the occasion, handed over keys of houses to people getting loans from banks for construction of houses. He also distributed letters of appreciation to the banks showing remarkable performance in issuance of loans.
Earlier speaking on the occasion, Advisor to the PM on Finance Shaukat Tarin said this initiative will enable poor and low income families to fulfil the dream of having their own homes.
Governor State Bank of Pakistan Reza Baqir said the banks have granted approval to Rs109 billion for this project while Rs32 billion have been disbursed so far. -DNA