PM Apna Ghar Program launched for home finance: Check details
Key takeaways
- Shehbaz Sharif formally inaugurated the scheme and distributed loan cheques among beneficiaries approved by various banks.
- He said the program is not limited to Islamabad but will extend to all four provinces, Azad Jammu and Kashmir (AJK), and Gilgit-Baltistan (GB).
- Outlining key features of the scheme, he said the government has set a target of financing 50,000 houses in the first year, with an allocation of Rs321 billion.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google Islamabad: Prime Minister Shehbaz Sharif on Thursday launched a landmark five-year housing initiative, the Wazir-e-Azam Apna Ghar Program, with an estimated cost of Rs3.2 trillion, aimed at financing the construction of 500,000 homes across the country for low-income citizens who cannot afford to build houses on their own.
Addressing the launch ceremony, the prime minister said the initiative would not only help people achieve home ownership but also serve as a strong economic driver by boosting industrial growth and creating employment opportunities for workers ranging from laborers to engineers.
“No program is more dear to me than this, as it holds the promise of revitalizing our industrial and commercial sectors and paving the way for economic prosperity,” he said, adding that the initiative was the result of extensive consultations and efforts to overcome multiple challenges.