Islamabad: State Bank of Pakistan has announced a finance policy to encourage building of low-cost housing across Pakistan. Prime Minister Imran Khan presided over the launch ceremony.
PM Imran Khan reiterated commitment of his government to build 5m low-cost housing units in five years. It is pertinent to note that a case related to foreclosure laws is awaiting decision in Lahore High Court.
PM said that the ratio of house-financing to GDP is just 0.2 per cent in Pakistan, as compared with 10 percent in India, 30 percent in Malaysia and over 80 percent in western countries. He predicted that the five million housing units programme will boost 40 other allied industries and create employment.
The Premier revealed his government’s plans to regularise katchi abadis by replacing them with flats and also promoting vertical city growth except for areas with aviation restrictions.
Federal Finance Minister Asad Umar emphasized the role of housing construction in triggering economic activity across different industries for producing more jobs per unit of investment. He lauded the SBP for launching the finance facility for low-cost housing and encouraged the commercial banks to take full advantage of the facility.
For news and updates keep on visiting Graana blog
KARACHI: The Sindh government is set to launch the Lyari Transformation Project this year to…
Islamabad: The Capital Development Authority (CDA) has added two major infrastructure initiatives to its latest…
Islamabad / Northern Pakistan: A 5.6 magnitude earthquake struck parts of northern Pakistan on Friday,…
Islamabad: National Highway Authority (NHA) Chairman Muhammad Sheheryar Sultan has announced that the authority has…
Lahore: In a landmark development, the Punjab Environment Department has issued its first-ever comprehensive environmental…
Islamabad, Oct 13: The Islamabad district administration has clarified that all roads in the federal…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
