Banks’ performance being monitored for low- cost housing project: Minister

March 07, 2022: The finance minister for Finance and Revenue Mr. Shaukat Tarin presided over a meeting on low-cost Housing at the Finance Division today whereby he ensured the performance of banks is being comprehensively monitored in this regard for greater facilitation to the public, a press release said today.

Chairman NAPHDA, Lt. Gen (Retd) Anwar Ali Hyder, Governor SBP and other senior officers attended the meeting.

Minister said that all required steps are being undertaken for easing out the loan disbursement process along with greater access and transparency.

In this follow-up meeting, Chairman NAPHDA shared the up-to-mark progress on low-cost housing proposals. Various issues arising in this regard have been resolved in consultation with SBP. Further, it was shared that awareness campaigns by the lending banks on housing loans are in pipeline.

Governor SBP shared about the citizen feedback mechanism being placed for providing information to the public and address of complaints. He also apprised about the pertinent concerns of the banks related to low-cost housing loans. The finance minister took notice and ensured to resolve legitimate concerns at the earliest time possible.

In the conclusion, Chairman NAPHDA thanked the Federal Minister for smooth, effective, and quicker facilitation of NAPHDA to provide low-cost houses to the masses.

Press Release