Karachi: According to a recent report, the government has loaned Rs. 3.35 million for the construction of 7,572 affordable homes around the country under the Naya Pakistan Housing Program. The government has allocated a total of Rs. 5 billion to support low-income parties for construction of their homes.
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The receivers of the project include families who cannot afford to construct their homes due to limited income and acclaim from all parts of Pakistan including Multan, Kasur, Danyor, Attock, Lahore, Bhakkar, Kahna Nau, Bannu, Jahanian, Khanewal, Nowshera, Mianwali, Kasur, and Ghizar.
The government has also engaged Akhuwat, an organisation that was already running a vast network of interest-free loans for the construction of homes.
Read More: 20,000 NPHP apartments to be constructed in slums of Lahore
According to the details revealed, the improvement rate for these loans has been an impressive 100% so far. The amount so recovered is being utilized to support more applicants. Currently, 2,400 additional applications are under the process for approvals.
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