#Lahore_Development_Authority

Dated December 2, 2020

The decision to build 4,000 apartments for #LDA employees

A consortium of seven banks has been set up to facilitate mortgage financing to employees

#Lahore_Development_Authority Vice-Chairman #SM_Imran and Director General Ahmad Aziz Tarar meet top officials of banks

Under the #LDA_City #New_Pakistan_Apartments_project, #4,000_apartments_will_be_constructed for #LDA_employees in the first phase. A consortium of seven banks has been set up to provide resources for the project.

Senior officials of the banks called on #Vice_Chairman_Lahor_Development_Authority SM Imran and Director General Ahmad Aziz Tarar. On the occasion, discussions were held on providing mortgage financing facilities to the employees for apartments. Apartments were provided to the employees by the banks. On the orders of the Prime Minister of Pakistan, the banks have decided to provide loans to employees at a lower rate. Therefore, only five percent of the borrowers for apartments. It is proposed to collect this amount from the employees in easy monthly installments.

The meeting was attended by representatives of #Habib_Bank, #Punjab_Bank, #Faisal_Bank, #Bank_Al_Falah, #UBL, #Meezan_Bank, and #National_Bank. Representatives of some banks from #Karachi also attended the meeting through video link.

The meeting was attended by #Governing_Body_Member_Engineer_Amir_Riaz_Qureshi, Additional Director Generals Farqalit #Mir_Rana_Takakhan, #Chief_Metropolitan_Planner_Syed_Nadeem_Akhtar_Zaidi, #Chief_Engineer_Abdul_Razzaq_Chauhan, #Director_Finance_Muhammad_Akhtar, and other concerned officers.

Photo caption: Lahore Development Authority Vice Chairman SM Imran and Director General Ahmad Aziz Tarar are meeting top officials of banks in connection with the #LDA_City_New_Pakistan_Apartments_project

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