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‘Loans being given to those who were earlier not allowed to enter banks’

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ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Tuesday said banks were giving loans to such people who were earlier even not allowed to enter banks.

The central bank governor said this while addressing the launching ceremony of Pakistan’s first instant payment system ‘Raast’, developed by the SBP, in Islamabad.

He said under the ‘Naya Pakistan Housing Scheme’ banks approved loans up to Rs131 billion. In the banking system, rich were provided every kind of facilities and poor faced difficulties, but now banks were providing loans to common men too, he maintained.

“Prime Minister Imran Khan directed to improve the banking system. His vision is that banking system should be available to people of every status,” he said.

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