PM’s vision: Construction of low-cost housing scheme begins

ISLAMABAD: Construction of low-cost housing units has started in the federal capital, keeping in line with the Prime Minister Imran Khan’s vision of providing affordable housing schemes for the less privileged population of the country.

invest with imarat

Islamabad’s emerging city centre

Learn More

Once completed, the housing units will be handed over to successful applicants on easy terms and conditions as well as affordable rates.

Arrangements have been made by the government to help the applicants with financing by taking some non-profit organisations on board. These NGOs have already initiated the loan-lending process, with Rs7.35million having been disbursed as the first tranche among 31 aspirants.

The federal government has also enlisted the State Bank of Pakistan as collaborators for formulating laws for banks to offer flexible housing loans to the low-income group.

The Naya Pakistan Housing Programme is a flagship project of the incumbent Pakistan Tehreek-e-Insaf government, and is aimed at resolving the housing crisis which is currently facing a shortfall of more than 10 million.

For more news and blogs, visit Graana Blog.

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…

12 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