Prime Minister Shehbaz Sharif has launched a major initiative to address Pakistan’s housing shortage. The five-year “Wazir-e-Azam Apna Ghar Programme” aims to finance the construction of 500,000 homes nationwide with a total allocation of Rs3.2 trillion.
Programme Details
The scheme targets low-income families who lack resources to build their own houses. It offers loans of up to Rs10 million for homes up to 10 marlas. Loans come with a 20-year repayment period and a subsidized 5% markup for the first ten years.
Economic Impact
PM Shehbaz described the programme as a sacred obligation of the government. He highlighted its role as a powerful economic multiplier. The initiative is expected to boost construction-related industries and generate jobs for laborers, engineers, and various skilled workers across the country. In the first year, the government plans to support 50,000 housing units with Rs321 billion. The programme will cover all provinces, Gilgit-Baltistan, and Azad Kashmir.
Banks and financial institutions will play a key role in implementation. The PM praised their readiness to support this national effort. This housing push comes amid efforts to stimulate economic growth through key sectors like construction. Officials see it as a step toward providing affordable shelter while driving industrial activity.