Lahore: Lahore Development Authority (LDA) Vice Chairman S M Imran and Director General (DG) Ahmed Aziz Tarar on Wednesday met with top officials of the country’s leading financial institutions. During the meeting a consortium of seven commercial banks was constituted to finance construction of 4,000 apartments under the first phase of the LDA City Naya Pakistan Apartments project, according to the authority’s official press.
The attendees also discussed the issue of providing mortgage financing for LDA apartments. To this effect, the banks concerned offered to provide easy loans to fund 80% of the cost of these apartments in the form of mortgage financing facility. As per Prime Minister Imran Khan’s vision, these loans will be offered on subsidised 5% markup rate.
Representatives of Bank Al-Falah, Bank of Punjab, Faisal Bank, Habib Bank, UBL, Meezan Bank, and National Bank were all present at the occasion, while officials from Karachi participated in the session through virtual means.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
Projects can only be successful if there is Transparency in all matters and everything should be computerised and shared with all Stakeholders.
Overseas Pakistanis are desperate to invest but when they come across cheaters like Bahria then they go for other options outside Pakistan.
So bring back the confidence of Overseas Pakistanis and Pakistan will be prosperous.
Projects can only be successful if there is Transparency in all matters and everything should be computerised and shared with all Stakeholders.
Overseas Pakistanis are desperate to invest but when they come across cheaters like Bahria then they go for other options outside Pakistan.
So bring back the confidence of Overseas Pakistanis and Pakistan will be prosperous.