Housing Sector’s Promotion to Fortify National Economy Growth

Sargodha: According to Prime Minister Imran Khan, the government’s emphasis on the housing and building industries would boost the national economy, maintain industrial growth, and create jobs for young people.

The prime minister said that promoting the housing sector would not only ensure economic activity but would also assist the average person in realising his or her dream of owning a home. He was speaking at the foundation-laying ceremony of an affordable housing project under the Naya Pakistan Housing Program in the Sargodha district.

Land and other infrastructure for the project will be provided by the Punjabi government. The Frontier Works Organization will handle the construction work. Deserving persons will be able to pay for the whole cost of the house in manageable payments thanks to the Bank of Punjab taking over the mortgage facility.

According to Imran Khan, a mortgage house finance was introduced for the first time in the history of the nation on such a large scale and with the lowest markup rate.

According to Punjab Chief Minister Sardar Usman Buzdar, 146 tehsils will be included in the project.

He continued by saying that a subsidy of Rs 0.3 million from the Punjabi government would benefit the populace and that the Punjab cabinet had allocated Rs 3 billion for the project.

Prior to that, the prime minister planted a sapling in keeping with the Clean and Green Programme and lay the cornerstone for some affordable housing.

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