KARACHI: The State Bank of Pakistan has set a target for all commercial banks to meet in terms of providing loans to people for the construction of homes. Banks have been threatened against a fine if they fail to meet the target. The State Bank made a significant decision concerning the advancement of loans for house construction on Wednesday. The central bank has decided to fine banks that refuse to lend money for home construction. According to a statement released by the State Bank, the government has decided to provide loans for the construction of houses with a subsidy. The central bank has already given all banks instructions on how to release loans for home construction. The SBP has now set a target for banks in terms of house construction loans. Banks that release loans that are less than the target will be fined.