Ministry-Akhuwat agreement for low-income housing approved by the cabinet: Firdous

ISLAMABAD: Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Tuesday said the federal cabinet has approved an agreement between the Ministry of Housing and Akhuwat Islamic Microfinance to build five million housing units for low-income people.

invest with imarat

Islamabad’s emerging city centre

Learn More

In a press conference to share the cabinet’s decision, she said that under the accord, a fund of Rs5 billion would be utilised for the provision of interest-free loans ranging from Rs100,000 to Rs1 million to low-income people.

The homeless people who were registered under the ‘poverty score card survey’ will be prioritised, she added.

Dr Firdous informed that the cabinet also approved an internship programme which will offer technical training and employment to around 35,000 students by the Ministry of Communications every year.

She said the cabinet meeting presided over by Prime Minister Imran Khan approved solar power projects to meet the electricity needs of the army on a build-operate-transfer basis.

The cabinet was apprised of the army resources spent on the supply of uninterrupted supply to houses, offices, parks and hospitals in garrisons and cantonments. To bring down the expenditure, solar power plants would be set up to reduce dependence on expensive power.

For more news and blogs, visit graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

11 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago