Islamabad :
According to details, addressing a function on the occasion of his visit to Farash Town Apartments in Islamabad, Prime Minister Imran Khan said that unfortunately no government has helped the low-income people, but the first priority of our government is low income.
To help people
“Banks have never paid attention to obtaining loans for construction of houses. People with money can easily build houses. It was very difficult for the middle and poor class to build their own house. We spent 2 years and He persuaded the banks to give loans, now middle and poor class people will be able to build houses, banks started giving loans to build houses for the first time.
“It’s very difficult for poor people to build their own homes,” he said. We are planning to build 4,000 apartments in collaboration with FWO and CDA. We are relocating these people by removing slums. Prime Minister Imran Khan said that 3 lakh houses are being subsidized by the government. The government has set aside Rs 35 billion for subsidies.
The government is giving a subsidy of Rs 3 lakh for the first one lakh houses, while the government will provide 5 per cent subsidy for the construction of five marla houses and 7 per cent subsidy for the construction of 10 marla houses. We first tried to develop the infrastructure. In the past, no attention was paid to housing schemes.
4,400 apartments are being constructed on 670 kanals in Farash Town, of which 2,000 apartments will be for low-income people registered in New Pakistan Housing, 400 apartments for slum dwellers and 2,000 apartments for middle class. Reserved for holders.
Prime Minister Imran Khan said that one lakh houses are under construction, the government is trying to make the same amount as rent. Talking about other countries, he said that in India 10%, in Malaysia 30% and in Western countries more than 80% of houses are built with loans from banks whereas in Pakistan in 2018 0.2% of the houses were getting loans. It may be recalled that the foundation stone of Farash Town Apartments was laid by Prime Minister Imran Khan in April this year. Under this project 4000 apartments are being constructed in collaboration with CDA, NAPHDA, FWO. In the project 2000 flats were allotted for persons registered under NAPHDA and 400 flats for slum dwellers.
