PM directs banks to simplify application process for housing loans

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ISLAMABAD: Prime Minister Imran Khan on Thursday instructed commercial banks to simplify the application process for house building loans in order to facilitate low and middle income groups.

The prime minister while chairing the weekly meeting of the National Coordination Committee on Housing, Construction and Development said that the government has addressed all the reservations of the banks.

The State Bank of Pakistan (SBP) has been empowered for timely disbursement of subsidy to the banks on house building loans announced by the government. Moreover, matters pertaining to foreclosure are also being pursued effectively, he added.

The meeting was attended by Information Minister Senator Shibli Faraz, special assistants to the prime minister Malik Amin Aslam, Asim Saleem Bajwa, Syed Zulfiqar Bukhari and Dr Shahbaz Gill, SBP Governor Dr Raza Baqir, Naya Pakistan Housing Authority Chairman Anwar Ali Haider and other senior officers.

The presidents of all major banks of the country and representatives from the Association of Builders and Developers (ABAD) also attended the weekly meeting.

The prime minister expressed satisfaction over the role being played by banks and said that the construction industry can play a vital part in strengthening the country’s economy. He said that the uplift of the construction industry will also benefit banks which will be able to attract additional business opportunities.

On the other hand, Pakistan Banks Association president said that effective policies of the government and facilitation process for the banks has encouraged the private sector. He added that all banks are ready to play their role in providing housing facilities to people belonging to low and middle income groups.

Presidents of Bank of Punjab and Bank Al Falah briefed the prime minister about the products launched by their respective organisations under the housing programme. The heads of other banks also assured the prime minister that they will soon launch their own house building products.

Earlier in 2018, the Pakistan Tehreek-e-Insaf (PTI) had stated in its election manifesto that it will build five million houses in five years if elected into government. Since assuming power the ruling party has launched the Naya Pakistan Housing Programme aimed at providing affordable housing to people. However, issues pertaining to the financing of house building still remains a challenge as the country lacks a strong mortgage market.

56 COMMENTS

  1. I m government employe.
    I think imran khan has excellent apporunity to avail for house building finance scheme. because we can’tafford in minimum salary to build a house my self at a time
    thanks imran khan

  2. I TRY TO APPROCH TO BANK BUT NO BANK HAVE INFO ABOUT LOAN PM YOU ARE REPLY US WHY NOT BANK STARTED RELEASE LOAN TO PEOPLE OF PAKISTAN
    PM WE SELECTED YOU
    WE NEED HOUSE VERY VERY NECESSARY WITH LOAN TO START OWN BUSIENSS

  3. I m retired fm FG .I have a five marla plot atG14 /4 Isb plan is approved by CDA/FGHA ready for its counstruction , want to obtain loan for its construction under PM loan scheem its form, plaapplicationn

  4. Sir muje aona karobar karnay k Liye 50lakh Ka lone chaye plz muje lone delwa dayen plz 03432314273 contact num

    • sir i want to applied for House loan scheme for your banks please advise me how to applied ?
      please contact No, 03122477338

  5. My salary is 18150 and i paid home rent 7000 electricity and gas bill monthly cost 3000 raation 4000 jismai chaawal ghee tail daal aata laitai job per jaanai ka kiraya 60 rupai mahana 1560 rupai baki bachai 2590 rupai wo dawaai is main walid sahab ki daily medicine 50 rupai ki rozana 1090 phir is mai adjust hona pura maheena bara khuwaab hai apna ghar ho pr kaisai main to interest pay nhin karsakta agar ho bhi jaai to but ya ALLAH tera shukar hai . ALLAH Pak sab ko khairo afiyyat ki zindagi dai Ameen .ALLAH HAFIZ.

  6. Bhai ye logon k sath zulm h ye scheme bhi just bare logon k lye h government bare logon ko hi faida deti kabhi chote logon k lye kuch nai kiya ap mujhe ye btao ap ne criteria rakha k ya 60000 income job wale ki agr business h to 100000 minimum ho mujhe ye btao kis ghareeb ki 60000 incom h agr itni h to wo kon sa ghareeb h mujhe bhi dekhao baqi ye income officer’s logon ki h jin k pass bahooot sara payese h our property bhi h un ki hi ap faida de rahe ho ghareeb kia kare ye btao

  7. G Bhai, mai ny Bank of Punjab mai apply kia, khty 50,000 salary py apko loan mily ga, house loan under the government scheme. ab itni salary hi ni, kia kry.
    0302-4141785

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