PM Imran Khan Marked Rs 100 billion Approvals A Big Moment in the Mera Pakistan Mera Ghar Scheme

Prime Minister Imran Khan termed the approvals worth Rs100 billion in the flagship Mera Pakistan Mera Ghar Scheme a "big moment" for Pakistan. While addressing a ceremony to mark the approvals, the premier said initiatives like Mera Pakistan Mera Ghar should have been inaugurated earlier. The prime minister said his cabinet was aware of the fact that the salaried class of our society could not gather a certain amount to buy their own homes.

"Pakistanis who worked as laborers overseas had one dream — to build a house for themselves and their families," the prime minister said. He regretted those past governments did not pay attention to this critical issue.

"There were several hurdles earlier, as when a common person would go to the bank, they would suffer from anxiety," the PM remarked. The initiative of "Mera Pakistan Mera Ghar Scheme," according to the premier, will provide ordinary people with an opportunity to acquire their own dream homes. Moreover, it would lift up the struggling economy of Pakistan as the construction of houses will soar up.

The flagship scheme enables banks- both conventional and Islamic- to "provide financing for the construction and purchase of houses at meager financing rates for low to middle-income segments of the population," the State Bank of Pakistan's website entails about the initiative.

"Keeping in view the need to improve the availability of adequate housing in the country and the important role of the construction sector in boosting economic activities in other countries, the government of Pakistan envisions increasing the number of housing units manifold in coming years," the SBP's website says.

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