Staff Reporter Islamabad
Prime Minister Imran Khan on Friday lamented that past rulers never made policies for poor segment of the society, while urging the country’s commercial banks to facilitate the salaried class seeking loans to build their houses under the government’s subsidised schemes.
He said this while addressing the launching ceremony of ‘Mera Pakistan Mera Ghar Housing Finance Scheme’ in Islamabad on Friday.
“This elitist mindset has caused tremendous damage to the country and the country’s development had never been inclusive,” he added.
PM Imran said the gap between rich and poor had widened in the country over the years due to the inequitable policies aimed at only facilitating a “small segment of the society”.
He also lauded the private banks for disbursing housing loans to the salaried class and urged them to further facilitate them so that masses can build their own houses.
The premier said his government’s housing finance policy will boost the country’s construction sector and economy.
Bank lending for the government’s markup subsidy scheme, commonly known as “Mera Pakistan Mera Ghar”, had gained momentum, said the State Bank of Pakistan in September.
In a statement, the central bank had said that applications with a cumulative worth of Rs154 billion had been received since the launch of the scheme by different banks.
“They have approved housing finance of over Rs59 billion till August 31, 2021,” it said. “Similarly, the pace of disbursement under the Mera Pakistan Mera Ghar has also picked up.”
