The State Bank of Pakistan has permitted Rs69 billion in loan to financing schemes for the Naya Pakistan Housing & Development Authority (NAPHDA). The authority chairman said in a press conference on Friday that these loans will help low-income breadwinners establish their own home. Lt Gen (retd) Anwar Ali Haider, Chairman of the National Housing Construction Authority, met with Prime Minister Imran Khan and briefed him on the development of low-cost housing mortgages in the country under the Pakistan Tehreek e Insaf-led programme.
PM Imran Khan expressed his delight at the low-cost housing project, saying that it was one of the government’s main priorities.
He said that the government had offered mortgage finance for the first time in Pakistan’s history.
Low-income groups, according to Imran Khan, would now be able to enjoy fulfilling housing of their own rather than paying excessively on rents.
Also Yesterday, the prime minister received a call from his Iraqi counterpart, Mustafa Al-Kadhimi.
PM Imran Khan wished the Iraqi government well in the parliamentary elections scheduled for October this year, and expressed hope that equality and democratic institutions will be strengthened in Iraq.
He also praised Iraqi Prime Minister Nouri al-Maliki for organising the successful Baghdad Conference on “Cooperation and Partnership” last month, according to a statement from the Prime Minister’s Office.