Low Cost Housing in Pakistan By Prime Minister

  Low Cost Housing in Pakistan

Naya Pakistan Housing Project is one of the ambitious schemes that Prime Minister Imran Khan has set his mind to. If successful, the NPHP could reap a lot of benefits for the lower income groups and families. Housing financing by banks in Pakistan is a serious issue which PMIK has correctly identified and has attempted to resolve by incentivizing banks and investors. 

The Government has promised low interest rate for the loans 5 to 7% percent. while this is important to ensure that housing status affordable and feasible in the long run, a big issue still is the term of these loans. the length of time afforded for them to be paid back, any deductibles if that length is exceeded, and a well thought out plan for repayment also needs to be sketched out. while increasing ownership of homes is a great way to uplift social mobility, we have all seen how badly housing markets can crash. So, every step of the plan needs to be considered.