He noted that the government’s flagship affordable housing programme will boost 40 other affiliated industries and generate employment in the country. Except for areas with aviation restrictions, citizens will be allowed to build high-rises in commercial areas of Islamabad to whatever heights they prefer, the prime minister announced. “Everyone wants a home of their own,” the prime minister said, adding that it was important to make cheap financing available for the underprivileged class for them to own houses. He appreciated the SBP for incentivising banks to lend money to citizens for low-cost housing. He also lauded the provision of credit through the SBP policy for small farmers and small and medium enterprises (SMEs), saying they were the “backbone” of the economy.

Source: Pakistan Today March 11, 2019 17:16 UTC