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Punjab govt rolls out ‘reasonably priced’ Naya Pakistan Housing Project in Lahore

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Punjab govt rolls out 'affordable' Naya Pakistan Housing Project in Lahore
  • The challenge will comprise 35,000 residences with reasonably priced installment plans
  • Chief Minister Punjab Usman Buzdar made the announcement on Twitter

LAHORE: Punjab authorities on Tuesday introduced that the “Naya Pakistan Housing Project” will begin quickly which is able to comprise  35,000 residences with reasonably priced installment plans.

Chief Minister Punjab Usman Buzdar made the announcement on Twitter. “35,000 apartments’ Naya Pakistan Housing Project, with affordable installments plan, will be starting soon in Lahore InshaAllah,” he mentioned in a tweet.

Last month, Housing Minister Mian Mahmood-ur-Rashid had mentioned that the groundbreaking ceremony of 35,000 new housing items in Lahore could be carried out by Prime Minister Imran Khan on December 25, 2020.

Stating that financing for the development of homes was additionally a significant problem and banks weren’t able to finance these tasks, the minister mentioned that now State Bank of Pakistan has bounded the banks to allocate 5% of their borrowing for the housing sector.

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