National
How to get loans under Pakistan govt’s low-cost housing scheme
The Government of Pakistan is providing loans under its low-cost housing scheme. It has introduced a fix tax regime for the construction industry too.
But many people are unaware of the procedure to apply for these loans. Some are confused that it would be hectic like the usual bank loan procedures.
Anchorperson Ali Haider invited a senior official of the State Bank of Pakistan on his show to explain it. Samar Husnain, who is the executive director of the SBP’s Development Finance Group, explained the entire procedure and other details.
Anyone who wants to acquire this loan can visit their nearest bank branch, according to Husnain. The bank staff would inform them about the procedure to apply for the loan.
“People can visit any bank branch across Pakistan for this,” the official said. There are nearly 14,000 bank branches across Pakistan, according to him. Half of these branches are designated to receive and process loan applications.
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