Iftikhar Ali Shallwani, Federal Secretary Ministry of Housing and Works held a meeting with Dr. Muhammad AmjadSaqib, Founder Akhuwat Foundation.
Dr. Muhammad AmjadSaqib briefed Secretary Housing about Prime Minister’s Low Cost Housing Scheme for provision of interest free loans to the poor and vulnerable segments of the society. In the first phase, Housing Ministry provided 5 Billion rupees to the Akhuwat Islamic Microfinance. Furthermore, 2 Billion Rupees were also provided to the Akhuwat Islamic Microfinance.
During the course of meeting, Iftikhar Ali Shallwani appreciated the efforts of Akhuwat Foundation and desired that this initiative should be continued as the loan is interest free and the amount of installments is very low and affordable. It will be very helpful for the people who dream to have their own house across the country. He also said that due to the steep escalation in the prices of the raw material, the cost of the interest free loan must be increased to facilitate the masses. Sallwani also extended his support for further extension of the program and directed the concerned to prepare a summary in this regard.
Additional Secretary, Ministry of Housing and other officials of the Ministry also attended the meeting.