Prime Minister Shehbaz Sharif on Thursday was briefed on significant housing sector reforms, including the creation of a mortgage finance ecosystem in Pakistan. Officials said the measures aim to expand housing finance, promote affordable homes, and attract investment in construction.
During the meeting, the premier reviewed the progress of draft housing mortgage reforms and low-cost housing initiatives. He was informed that a low-cost loan system has already been implemented, with banks set to receive targets in the next phase. A developer-led financing model is also being developed to support new projects.
The Prime Minister was told that work on establishing a structured mortgage financing system is “in full swing.” Special initiatives are being taken to encourage investment from foreign investors and overseas Pakistanis, the briefing noted.
PM Shehbaz emphasized that providing housing loans remains the government’s “top priority,” saying, “A home is the right of every citizen.” He highlighted the sector’s investment potential and pledged to remove barriers to private and foreign investment.
The premier added that promoting construction sector investment will not only strengthen the economy but also generate millions of jobs. He directed officials to finalize and implement all measures in coordination with stakeholders while ensuring the protection of foreign investment.
