Prime Minister Imran Khan said on Friday that the federal government will give a PKR 300,000 subsidies to up to 100,000 housing units each.
Speaking during his visit to the Naya Pakistan Housing Authority’s project Farash Town Apartments in Islamabad, Prime Minister Imran Khan said:
For the distribution of Housing Finance, Government has made a Connected Structure. Funds to the tune of PKR3.5 trillion have been earmarked for a subsidy on the construction of low-cost housing units to give PKR 300,000 subsidies to the first up to 100,000 houses each for low income group of Pakistan.
Speaking during his visit to the Naya Pakistan Housing Authority’s project Farash Town Apartments in Islamabad, Prime Minister Imran Khan said:
“The construction process will speedily move forward as a system in this regard has been worked out. Government is providiing low-income class with incentives on construction of their houses.”
The prime minister said:
“The construction industry has been incentivised in different ways, including provision of tax relief. A one-window operation has also been started to facilitate the construction sector. In the total 670 Canal Area of Farash Town, 4400 apartments are being constructed under the budget of Pkr15.3 trillion.”
A total of 4,400 housing units will be built under the Farash Town Apartments project, out of which 2000 each have been allocated for low-income people and middle-income people and 400 apartments will be provided to slum dwellers.
