PM directs SB, NBP to facilitate public in housing loan program

Prime Minister (PM) Imran Khan, on Sunday, directed the State Bank and National Bank of Pakistan to facilitate the public and ensure their ease of accessibility to the Naya Pakistan Housing Program.

Addressing the National Bank of Pakistan’s telethon on low cost housing loan, the Prime Minister asked the State Bank to instruct commercial banks to ease the loaning process for the applicants.

Simultaneously aired on Pakistan Television and different private channels, the telethon was attended by Senator Shibli Faraz, Chairman of Naya Pakistan Housing and Development Authority Lt. General (Retd) Anwar Ali Hyder, State Bank Governor Raza Baqir, President of National Bank of Pakistan Arif Usmani and Executive Director SBP Samar Hasnain.

The Prime Minister joined the telethon telephonically for being in quarantine after testing positive for COVID-19 a week ago.

Imran Khan said that the NBP, being the premier bank of the country, should also instruct its staffers to facilitate the loan applicants, observing that the bank employees were also not in the habit of extending such easy loans to the cashless people.

He said due to lacking facilities for the public to borrow loans, people of Pakistan had fallen prey to numerous socio-economic disparities.

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