During his appreciation of the Akhuwat Foundation’s societal role, Punjab Chief Minister Chaudhry Pervaiz Elahi said that the government would fulfill the dream of owning a house for low-income individuals as a new loan program was being introduced for building homes.
His statement was made during a meeting with Akhuwat’s founder, Dr. Amjad Saqib, who said the program would be implemented in collaboration with Akhuwat. Additionally, the Punjab government and Akhuwat have renewed their agreement for Rs 800 million through the Punjab Housing and Town Planning Agency.
A microfinance organization called Akhuwat would provide home construction loans to those in need. Providing a roof to flood victims is a priority, he added, adding that loans will be given first for the construction of houses in flood-affected areas.
According to Dr. Amjad Saqib, 2.5 million families have recovered 100% of their Akhuwat loans. According to him, 36,000 homes had been built with the assistance of low-income families
The meeting was attended by the provincial minister Mian Mehmood-ur-Rashid, the principal secretary of the chief minister Muhammad Khan Bhatti, and the secretary of the housing department, among others.
Read More News On Property Buy Rent