Govt initiated ‘Naya Pakistan Housing Scheme’ to uplift weak segments of society: PM

While addressing a ceremony in connection with allotment of houses and flats to working class under Naya Pakistan Housing Program, PM said that it is very difficult for the salaried class, workers and laborers to build or purchase a house or property in cities due to constantly soaring prices of properties.

 “We have started this housing scheme with a mindset to provide support to marginalized segments of the society, who wish to own a house,” he said.

Imran Khan further stated that the government has introduced a legislation under which the banks will provide loans on 5% interest rate for the construction of houses. 

“The banks have promised to allocate 380 billion rupees for this purpose. I have also directed the State Bank of Pakistan (SBP) to ensure that these loans are easily provided to the citizens. These loans can be repaid over a period of twenty years,” he said.

PM also assured to set aside more funds for the housing program with the surge in the revenue of the government so that the working and the salaried class could build their houses.

Referring to the construction industry, Imran Khan said that the industry is progressing due to the incentives given by the present government. 

Also speaking to gathering, Special Assistant on Overseas Pakistanis Zulfikar Bukhari said in the first phase of this project completed by Workers Welfare Fund, 1008 flats and 500 houses have been constructed.

“We will construct 1504 more units will be constructed in the next phase,” he added.