Prime Minister Shehbaz Sharif on Thursday was briefed on ongoing legal reforms in the housing sector, including the development of a mortgage finance ecosystem. The initiatives aim to make housing finance accessible, promote affordable homes, and boost investment in the construction sector.
During the meeting, the PM reviewed progress on draft reforms for housing mortgages and low-cost housing projects. Officials highlighted that a “low-cost loan system” has already been implemented, and banks will be assigned targets in the next phase. A developer-led financing model is also under formation.
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The Prime Minister was informed that work is “in full swing” to create a structured mortgage financing system in the country. Special measures are being taken to attract investment from foreign investors and overseas Pakistanis, the meeting noted.
PM Shehbaz emphasized that providing housing loans remains the government’s “top priority,” stating, “A home is the right of every citizen.” He also highlighted the sector’s “vast investment potential” and pledged to remove obstacles to investment.
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The premier stressed that promoting investment in construction will not only stimulate economic activity but also generate millions of jobs. He directed officials to finalise and implement all measures in consultation with stakeholders while ensuring protection for foreign investment.