Pakistan, subsidy, housing scheme, Pakistan housing scheme

Pakistan govt announces Rs 33 billion subsidy for housing scheme

The government will provide Rs33 billion markup subsidy for the construction and purchase of new houses and all individuals are entitled to avail this facility.

The State Bank of Pakistan (SBP) on Monday announced that for the first time all individuals who will be constructing or buying a new house can avail bank financing at subsidised and affordable markup rates.

This facility will be provided with the administrative support of SBP as executing partner with Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA).

The government has allocated Rs33bn for payment of markup subsidy for financing over a period of 10 years and has assured continuity of the facility.

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