Islamabad: The Prime Minister Low-Cost Housing Scheme was introduced by the Ministry of Housing and Works, with qualified households receiving financial help of up to Rs 500,000 through Akhuwat Islamic Microfinance (AIM).
Read More: PM set to launch housing scheme for overseas Pakistanis
The government has granted money totaling Rs 7 billion to Akhuwat till June 4, 2021, according to official records relating to the three-year government performance.
The construction of 7000 housing units has been finished, and the remaining units are being built. According to the statement, needy and deserving families would get financial help through a Shariah-compliant product.
Read More: In Nowshera, PM inaugurates the Jalozai Housing Scheme
On June 15, 2021, the federal cabinet approved the ministry’s summary of Urban Regeneration of Pakistan Quarters and Jamshaid Quarters Karachi. This project would turn katchi abadis into developed areas by constructing high-rise vertical complexes with about 6000 flats and commercial areas in partnership with Naya Pakistan Housing Authority.
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