New master plans of all big cities of country to be prepared: PM

Briefing media in Islamabad, the Prime Minister said economic activities of around 1,500 billion rupees will be started in Punjab only and will generate around 250,000 jobs as a result of the massive package announced by the government for the construction sector.

He said so far 186 construction projects have been registered at the FBR portal, while work on projects worth 163 billion rupees has already begun.

Imran Khan said banks have reserved 378 billion rupees for December 2021 to support the construction sector.

He said a subsidy of 30 billion rupees will be provided to low-income people enabling them to get their own house under the affordable housing scheme.

The Prime Minister said loan subsidy at the interest rate of five and seven percent respectively will be available on houses of five Marla and above and a grant of 300,000 rupees will be given to the first 100,000 houses.

Radio Pakistan