What is Naya Pakistan Housing Scheme:
Pakistan has been a country where all the classes of families reside, either upper, lower, or middle. Some lower-class families cannot even afford a home of their own, and For that, Prime Minister Imran Khan has announced a housing scheme named “Naya Pakistan Housing Scheme Loans.” They will provide loans to the poor people who can build their own homes with that.
In October last year, the State Bank of Pakistan had announced a scheme that will help every individual of the nation build and own their own homes.
“This facility will allow all individuals, who will be constructing or buying a new house for the first time, to avail the bank’s financing at subsidized and affordable markup rates,” a statement from the SBP said.
Announcements and Advantages:
PM Imran Khan says Naya Pakistan Housing Scheme “most important project for the country’s future”.
Finally, it was all announced last Sunday. PM Imran Khan directed Pakistan’s banks to make it easy for needy people to get the loans stating the scheme as “The most important project for Pakistan’s future” televised the PTV channel in his live telethon.
“It is a usual scheme in the Western countries, and in Pakistan, it is being started for the first time in history.” He told. In this one, the people with a salary can also get loans. As people start building homes, there will be a significant change in the construction industry, making a big difference in Pakistan.
Jobs, wealth, and revolution of the country will also increase by the Naya Pakistan Housing Scheme Loans.
The loan limit increased by 100%
Furthermore, he also raised the loan limit by 100%. Two days back, through Faisal Javed Khan’s tweet, he also said that the discounted markup rate had also been reduced to around 5%.
People can build up to 10 marla houses, and the limit has been increased to Rs.10Million. The senator said that PM Imran Khan is supervision the scheme himself.
The statement adds that this provision will be given with administrative support from the State Bank of Pakistan as the execute partner of the Government of Pakistan and the Naya Pakistan Housing and Development Authority (NAPHDA).
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