ISLAMABAD: Prime Minister Imran Khan today (Thursday) has urged banks to facilitate poor segments of the society in availing loans in order to boost up the country’s economy.
The statement came while chairing a National Coordination Committee on Housing, Construction, and Development in Islamabad. Governor State Bank Dr. Reza Baqir briefed the meeting about the provision of loans on easy installments.
During the meeting, the Prime Minister asked all the provinces to massively use the online portal to make the loan approval process transparent and prompt. Heads of various private banks updated PM Imran about the provision of loans under Naya Pakistan Housing Programme.
The meeting was told that the process for acquisition of loans has been made simple and separate desks have been established in bank branches. Officials informed that the private banks will provide loans under Islamic and traditional banking facilities.
Heads of banks assured the premier to facilitate the promotion of the construction sector and enabling poor segments of society to build their own houses.
The heads also lauded the government’s steps to facilitate the business community and banks in view of COVID-19 pandemic. PM Imran was informed that more private banks will also start the provision of loans soon.
The meeting was apprised that technology is being used to reduce the time period in the process of provision of loans to verify the antecedents of the borrowers. It was told that concerned departments have been linked with the online portal to avoid delay in approval.
