500,000 housing units to be constructed for low income families

News Image

MG News | March 19, 2018 at 01:01 PM GMT+05:00

0:00

Ministry of Housing and Works will construct around 500, 000 housing units for the low income families throughout the country under Apna Ghar Scheme.

“Presently, there is a shortfall of approximately 9-10 million houses in the country and the present government is making concerted efforts to bridge the gap,” an official in the Ministry of Housing and Works told APP.

Under the scheme, he said, the government would provide houses to homeless and shelter less families by constructing low-cost units on state land in different localities.

“To ensure cost effective access to credit for housing, the government will pick up a portion of the financing cost as subsidy,” the official added.

He said in order to commence execution work for launching the housing project, "Apna Ghar" limited company has been registered with Securities Exchange Commission of Pakistan.

“All the initial work of the project has been completed and sufficient chunks of state land have been identified for the launching of the project,” he said.

However, the official said that due to non-availability of funds and non-appointment of Chief Executive Officer and Company Secretary, the project has not yet been initiated.

To a question, he said that there is no specific provision in Accommodation Allocation Rules, 2002 for allotment of Government Accommodation to deputationists coming from banks to the federal government offices.

He said that as per available record, no government accommodation has been allotted to the employees of banks who are working on deputation basis in federal government offices during the tenure of present government – APP

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg