Wednesday, October 5, 2022

Prime Minister Imran Khan hints at reducing interest rate

Prime Minister Imran Khan hints at reducing interest rate
ISLAMABAD (92 News) – Prime Minister Imran Khan announced that the interest rate would be reduced soon. Addressing a ceremony after ground breaking of construction of 20,000 housing houses in seven projects, he said that inflation is reducing. “We will also rectify the health and education system,” he said. The prime minister said that a legal aid program would be introduced to provide legal assistance to the poor. “The system cannot advance with injustice,” he added. He said that the government would facilitate the construction sector to help provide housing facility to the people. “The construction of houses will be undertaken by the private sector and the government will provide it full facilitation in this task.” The prime minister said that the housing financing is 0.2 percent in Pakistan, which is very low compared to many regional and international countries. “The financial situation has improved in recent months and it will now be easier for people to construct homes after taking loans from banks.” Imran Khan said that the government is taking steps to facilitate the construction sector by removing bottlenecks and impediments in their way. He said the Naya Pakistan Housing Authority  will not only provide housing facility to federal employees, but will also give strength to 40 industries allied with the construction sector, and creating employment opportunities for the youth. Defending the vertical housing concept, the prime minister said that new master plans of the cities would cater to the availability of green areas and land for farming and other activities. The prime minister said that the proceeds obtained from launching of Blue Area in Islamabad and two other commercial projects in other cities will be used to accommodate people of slums and shanty areas, so that they get a decent living in vertical housing units. He said that a uniform syllabus would be introduced in the country's schools by next year in order to remove different cultures in the country.