Staff Reporter Islamabad
Launched by the Ministry of Housing and Works, under Prime Minister Low Cost Housing Scheme, the deserving families were getting financial assistance up to Rs 500, 000 through Akhuwat Islamic Microfinance (AIM).
The government has released funds worth seven billion rupees to Akhuwat till June 4, 2021, stated an official documents issued on Thursday pertaining to the three-year government performance.
The construction of 7000 houses units was completed and remaining was under construction.
It said that poor and deserving families would get financial assistance as per Shariah compliant product.
The federal cabinet had also approved the summary of ministry regarding Urban Regeneration of Pakistan Quarters and Jamshaid quarters Karachi on June 15, 2021.
Under this project, this Ministry, in collaboration with Naya Pakistan Housing Authority, will transform katchi abadis into developed areas through high rise vertical developments consisting of approximately 6000 apartments and commercial areas.
Federal Government Employees Housing Authority (FGEHA) had planned/allotted 32,304 units (20,852 plots & 11,352 apartments, 100 houses) to its members in Islamabad/Rawalpindi, Lahore, AJK, Peshawar and Karachi, the document further stated.
In the initiatives, the FGEHA restarted stalled schemes of 11,352 plots at Green Enclave-I Bara Kahu, Sky Garden (Green Enclave-II) and F-14/F-15 Islamabad.
The authority initiated new apartment’s schemes consisting of 10,102 units at Kashmir Avenue, G-13, Skyline, Apartments, Islamabad, Chaklala Heights, Rawalpindi and Lifestyle Residency, Lahore.
Similarly, it initiated housing schemes of 850 units with governments of Azad Jammu and Kashmir (AJ&K) and Khyber Pakhtunkhwa.
The documents further stated that presently FGEHA was developing 9,500 plots at sectors F-12 and G-12 Islamabad and 500 units at Airport Residencia, Karachi
Similarly, Pakistan Housing Authority Foundation (PHAF) had planned/initiated/allotted 17,506 units / flats/shops project.
Out of 1350 housing units/flats at Kuchlak Road Project, Quetta, completed booking of 714 housing units while booking of 636 apartments is in progress.