Private businesses are urged to provide housing loans to their employees. He told businesses to get loans to build low-cost homes for their workers on Friday. Dr. Reza Baqir, the governor of the State Bank of Pakistan, said that on Friday (March 11). It was said that the central bank would take the risk of getting the money and lending it.
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Baqir told the president of the Lahore Chamber of Commerce and Industry, Mian Nauman Kabir, that the government wants big businesses to help their employees get low-cost five to ten-marla home loans for them. The government will be able to meet its goal of setting up a low-cost housing program while also meeting the country’s housing needs, says Baqir. During the discussion, Baqir also talked about the importance of the “Asian Finance Scheme,” which gives small and medium-sized businesses loans without having to put up any collateral.
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Members of the delegation from the LCCI also asked the governor to make trade promotion policies and policies that allow exports between the CAR and Russia.
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Members also asked the government to set up a framework for currency exchanges and a barter system to help trade between Iran and Pakistan. People who run small businesses and factories can get loans from commercial banks at lower interest rates if they don’t put up any collateral. The SBP has started the SAAF program, which allows small businesses and factories to get collateral-free loans from commercial banks at lower interest rates up to PKR 10 million.
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