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GB govt strikes deal with NBP to promote homestay tourism

ISLAMABAD: As Gilgit-Baltistan lacks required accommodation for over a million tourists that visit the area annually, National Bank of Pakistan (NBP) has come forward with a ‘Homestay Financing’ plan to finance the construction of small units attached with the existing houses of GB residents.

According to details, the GB government and NBP on Wednesday signed a memorandum of understanding to launch the homestay financing programme, also known as ‘NBP Maizbaan’, wherein residents near tourist spots would be offered soft loans, ranging from Rs375,000 to Rs1,300,000, for construction of one-to-three-room structures near their houses so they could be rented out to tourists visiting the area.

The signing ceremony, held at NBP office…

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