"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
March 29, 2021
Pakistan Housing Scheme

PM directs banks to simplify loan process under Naya Pakistan Housing Scheme

On Sunday, Prime Minister Imran Khan directed banks to simplify the housing finance process in order to support low and middle-income families, according to news resources.

PM Imran Khan, who was practically speaking at the housing telethon, told banks to make it easier for people applying for low-cost housing loans through the Naya Pakistan Housing Scheme.

For the first time in Pakistan’s history, he said, the poor were being given the opportunity to own a home. PM Imran Khan said that once people begin building their homes under the scheme, it will boost the construction industry as well as 30 other industries related to it, resulting in increased wealth in the country.

He said that Pakistan is in debt and that increasing resources in the economy would assist Pakistan in repaying its debts.

The Prime Minister said that banks play an important role in providing mortgage financing to people who are building or buying homes, and banks should help in this regard. He has directed the State Bank of Pakistan (SBP) and the National Bank of Pakistan (NBP) to ensure that people are helped by the banks. Widows and people with disabilities will be given priority in the housing project, he said.

Governor of the State Bank of Pakistan Raza Baqir said the bank plays an important role in the low-cost housing scheme because it ensures that banks provide loans to citizens in compliance with government directives. He previously stated that commercial banks’ contribution to the provision of loans for the housing sector in Pakistan was less than 1 percent of the economy.

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