Business

Low-Income Families: Govt to construct 500,000 housing units

Presently, there is a shortfall of approximately 9-10 million houses in the country

APP March 20, 2018

Presently, there is a shortfall of approximately 9-10 million houses in the country PHOTO: AFP

ISLAMABAD: The Ministry of Housing and Works will construct around 500,000 housing units for low-income families throughout the country, under the ‘Apna Ghar’ scheme. “Presently, there is a shortfall of approximately 9-10 million houses in the country and the present government is making efforts to bridge the gap,” an official in the Ministry of Housing and Works said. Under the scheme, the government would provide houses to homeless families by constructing low-cost units in different localities. “To ensure cost effectiveness, 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 the Securities Exchange Commission of Pakistan.

Published in The Express Tribune, March 20^th, 2018.

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