Prime Minister Imran Khan has instructed the State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) to make the terms of housing loan a bit easy so that people can get the maximum benefit of the government’s flagship Naya Pakistan Housing Programme (NPHP) to build their houses.
“I instruct Governor State Bank Reza Baqir and President National Bank Arif Usmani… that banks provide ease to the house loan seekers,” the prime minister said while virtually attending the NAB’s telethon on low cost housing loans on Sunday. The PM is under home quarantine after being tested positive for Covid-19 on March 21.
Mr Khan stated that the government would give preference to widows and differently-abled persons while implementing the housing programme.
Several callers during the telethon complained about the lengthy and complicated process of applying and obtaining house loans under the government’s mortgage financing scheme.