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Banks start talking in Urdu, now put staff in Shalwar Kameez, PM Imran Khan


Prime Minister Imran Khan said that when banks give loans to people for housing, it will improve our economy

Prime Minister Imran Khan thanked all the banks for talking in Urdu to the customers who come to the banks for their home loans and advised them to put the staff in shalwar kameez for the convenience of the people.

Addressing the ceremony of the Mera Pakistan, Mera Home” Housing Loan Scheme, the Prime Minister said that it should have happened earlier in Pakistan because a salaried person has never had the resources to save so much cash and buy a house.

He said that whenever he met poor Pakistanis working in overseas countries, he always wished that they would earn money abroad and build houses in Pakistan but our government never realized these poor Pakistanis. ۔

"I probably will not think about it if I didn't reside in England after college," PM Imran Khan said. But in England, every salaried person does mortgage finance in which the interest rate is very low, so by paying a small amount for them, the house becomes theirs.

The Prime Minister said that the governments formed in our country only thought of the elite, a small class became rich and the rich man remained there and this caused great damage to our country.

"Chinese had become the world's super-power in 30 to 40 years because it enhanced the quality of life of lower classes, therefore when we establish such a wide difference between wealthy and poor, that country will not be able to move forward," PM Imran Khan said.

On this occasion, he also criticized the banking system and said that the environment of our bank was such that the common man was afraid to go inside, first they speak in English and then they wear a tie on top so they are in such an environment. I felt like I came from another world and our system doesn't provide them with facilities.

"Financial institutions have transformed in last six months, and the common guy has started to receive loans, and I hope you will promote it even more so that more people would come to you, PM Imran Khan said.


PM Imran Khan said that as soon as people find out that a common man can get a house on the same installment as the amount he pays in rent then it will be a big change and the happiest thing is that It is said that this class will get a house which is thirsty for its house.

"Although banks give home loans to consumers, which benefits our economy since it encourages construction because many people want to build their own home," PM said.

"If an ordinary man wants to purchase a house from a bank, the interest rate is so high that he cannot borrow at that rate, therefore we have provided him a subsidy in this respect, and we will get this subsidy as the economy expands," PM Khan said. Will also be increased so that they can buy a house in easy installments on a monthly salary.

The Prime Minister said that I would also like to thank the banks that they have now started talking in Urdu and suggested that for the convenience of the poor people they should put the staff in shalwar kameez which will not frighten the people.

 

2 million borrowers will have to pay an installment of Rs 11,000, Raza Baqir


Earlier, SBP Governor Raza Baqir said that with regard to this housing scheme, SBP and banks attempted to construct a system in which banks would begin lending to persons who had previously been denied credit.

He said that the Prime Minister's government had done something like never before and he had given interest rate subsidies to those who wanted to buy these houses.

He said that thanks to this monthly subsidy, the monthly installment for a borrower of Rs. 3 million would be about Rs. 19,000. If a person borrows Rs. At least 20 times more.

"Several of the issues we experienced was that our bank officials were not well-trained enough to tell banks how to apply for housing under the My Pakistan plan," he said. We've reached the stage where Rs. 109 billion has indeed been granted for people who want to build their own homes.

He said that apart from this we have received 260 billion applications so far and the banks have given 32 billion rupees to these people.

The Governor SBP said that every week banks are approving loans of Rs. 4 billion and with this Rs. But in just the next six months, that figure had reached 80 billion.