{"id":57836,"date":"2019-11-21T13:07:08","date_gmt":"2019-11-21T08:07:08","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57836"},"modified":"2019-11-21T13:07:24","modified_gmt":"2019-11-21T08:07:24","slug":"govt-akhuwat-finalises-nphp-interest-free-loan-agreement","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-akhuwat-finalises-nphp-interest-free-loan-agreement.html","title":{"rendered":"Govt, Akhuwat finalises NPHP interest-free loan agreement"},"content":{"rendered":"<p>Islamabad: The Ministry of Housing &amp; Works recently <a href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-nphp-financial-closure-agreement-akhuwat.html\" target=\"_blank\" rel=\"noopener noreferrer\">signed an agreement with Akhuwat<\/a> Islamic Micro Finance to provide interest-free loans for the repair and construction of low-cost houses across the country, a news source reported. The deal was signed by Akhuwat CEO Dr Amjad Saqib and Secretary Housing and Works Dr Imran Zaib Khan.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/nphp-registration-deadline-gets-another-extension.html\" target=\"_blank\" rel=\"noopener noreferrer\">NPHP registration deadline gets another extension<\/a><\/p>\n<p>It was decided that loans of up to PKR 1 million would be issued to applicants who will be required to return these loans within 24 to 60 months on easy instalments. The government has stated that it will give Akhuwat PKR 5 billion for the use and distribution of small loans to people across the country. The body was chosen using Public Procurement Regulatory Authority (PPRA) rules.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/nphp-to-help-reduce-countrys-housing-crisis.html\" target=\"_blank\" rel=\"noopener noreferrer\">NPHP to help reduce country\u2019s housing crisis<\/a><\/p>\n<p>Further, the officials concerned stated that the Naya Pakistan Housing Programme (NPHP) would be an important initiative in aiding the dispersal of these loans. There is no processing fee for the loan application. These loans can be used either to purchase or build a house or to construct new rooms in existing houses and cover repair costs. Akhuwat will only give out small interest-free loans to low-income households.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Ministry of Housing &amp; Works recently signed an agreement with Akhuwat Islamic Micro Finance to provide interest-free loans for the repair and construction of low-cost houses across the country, a news source reported. The deal was signed by Akhuwat CEO Dr Amjad Saqib and Secretary Housing and Works Dr Imran Zaib Khan. Read:\u00a0NPHP registration deadline gets another extension It was decided that loans of up to PKR 1 million would be issued to applicants who will be required to return these loans within 24 to 60 months on easy instalments. The government has stated that it will give Akhuwat PKR 5 billion for the use and distribution of small loans to people across the country. The body was chosen using Public Procurement Regulatory Authority (PPRA) rules. Read:\u00a0NPHP to help reduce country\u2019s housing crisis Further, the officials concerned stated that the Naya Pakistan Housing Programme (NPHP) would be an important initiative in aiding the dispersal of these loans. There is no processing fee for the loan application. These loans can be used either to purchase or build a house or to construct new rooms in existing houses and cover repair costs. Akhuwat will only give out small interest-free loans&hellip;<\/p>\n","protected":false},"author":74,"featured_media":42998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14058],"persona":[],"class_list":{"0":"post-57836","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-govt-akhuwat-finalises-nphp-interest-free-loan-agreement"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt, Akhuwat finalises NPHP interest-free loan agreement - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Ministry of Housing &amp; Works recently signed an agreement with Akhuwat Islamic Micro Finance to provide interest-free loans for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-akhuwat-finalises-nphp-interest-free-loan-agreement.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt, Akhuwat finalises NPHP interest-free loan agreement - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Ministry of Housing &amp; 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