• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Wednesday, August 10, 2022
  • Login
No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home National

Prime Minister Imran Khan increases loan limit for Naya Pakistan Housing by 100%

by Daily Patriot
May 1, 2021
in National
0
Prime Minister Imran Khan increases loan limit for Naya Pakistan Housing by 100%
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

Picture showing some newly-constructed apartments under the PTI-government’s Naya Pakistan Housing Scheme. 

Prime Minister Imran Khan has decided to increase the loan limit of the Naya Pakistan Housing Project —a governmental project under which people will be able to purchase plots and construct houses — by 100 per cent.

To make the announcement, Prime Minister Imran Khan’s aide Senator Faisal Javed Khan took to Twitter and said that the government has also decided to reduce the discounted markup rate for the loan to 3% and 5%.

As reported by , under the scheme, people will be able to purchase 5 and 10 marla houses, flats, and plots, while those who already own properties will be able to construct houses on those plots under the scheme, the premier’s aide wrote.

He further added that the loan limit has been increased to Rs10 million.

Providing further information, Senator Faisal Javed Khan wrote that Prime Minister Imran Khan is supervising the scheme himself.

“The realisation of dreams has begun; the distribution of houses has begun,” the PTI Senator wrote, adding that people wouldn’t be required to pay loans anymore as they can become homeowners by paying off the loan in very small instalments.

“It’s a revolutionary move. You can now own a home. Contact banks for further information regarding the loans,” the PM’s aide wrote.

Earlier this month, the premier has said the government started the Naya Pakistan Housing project with a new mindset to provide support to these segments of society to own a house.

Under this scheme, houses will be distributed among widows and disabled, besides labourers on ownership rights to those who are earning less than Rs 0.5 million.

“The government has introduced legislation under which banks will provide loans on 5% interest rate for the construction of houses, the premier said, adding that banks have promised to set aside Rs380 billion for this purpose.

“There is a boom in the construction industry due to the incentives given by the present government,” PM Imran Khan said. “This will not only lead to wealth creation but also provide job opportunities to the youth.”

Daily Patriot

Daily Patriot

Next Post
Nadeem Babar has been asked by PM Imran Khan to step down amid probe into petrol crisis: Asad Umar

Nadeem Babar has been asked by PM Imran Khan to step down amid probe into petrol crisis: Asad Umar

Latest News

Five Army budgets were cut to make room for an IMF agreement.
National

Anti-army propaganda, according to Shujaat, is abhorrent

by Daily Patriot
August 8, 2022
0

Lahore: Chaudhry Shujaat Hussain, president of the Pakistan Muslim League-Quaid (PML-Q), stated on Sunday that the Pakistan Army has supported...

Read more
9th Muharram is observed throughout amidst strict security

9th Muharram is observed throughout amidst strict security

August 8, 2022
Biden supports a bill to increase US semiconductor production after meeting with CEOs and unions

Biden was “furious and horrified” by the murders of 4 Muslim men in Albuquerque, New Mexico

August 8, 2022
Bulls raise the index above 42,000 in the weekly stock review

Bulls raise the index above 42,000 in the weekly stock review

August 8, 2022
Elizabeth the Queen causes additional health complications

Elizabeth the Queen causes additional health complications

August 8, 2022

Good news is rare these days, and every glittering ounce of it should be cherished and hoarded and worshipped and fondled like a priceless diamond.

  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In