Prime Minister Imran Khan Niazi was briefed by the executives of commercial banks over the home financing solutions by the following financial institutions. The heads represented their respected banks including State Bank, Habib Bank Limited, National Bank, Allied Bank, Meezan Bank, Bank Al Habib, and Bank of Punjab. As per the sources of skymarketing, this momentous news was announced after a high-level meeting on 22nd October 2020.
Prime Minister was presiding a weekly based meeting of a high-level National Coordination Committee for Housing, Construction, and Development. In the said meeting the Prime Minister stressed to the Banks upon relaxation in the conditions related to loans.
He added that this scheme would assist the lower class of the society and help them in fulfilling their dreams of owning their property to which they may call home.
In this meeting, the head of the State Bank of Pakistan also stated that separate counters will be established in this regard for those wishing to apply for home loans and that lendings will be awarded based on Islamic and traditional banking systems.
The heads of the banks also made-certain to the Prime Minister of their fullest collaboration concerning the construction and real estate sector to bring a boom of development in Pakistan and lift its economy to new heights. They also brought to the notice of Imran Khan, that they are already facilitating the businessmen as best as well, even during the hard of Corona Virus pandemic.