{"id":62242,"date":"2020-03-04T12:21:39","date_gmt":"2020-03-04T07:21:39","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62242"},"modified":"2020-03-04T12:21:40","modified_gmt":"2020-03-04T07:21:40","slug":"pm-hands-over-interest-free-loan-cheques-under-nphp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-hands-over-interest-free-loan-cheques-under-nphp.html","title":{"rendered":"PM hands over interest-free loan cheques under NPHP, terms 2020 the year of housing"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan vowed that as the income of the government will increase, more funding for the housing sector will be available, according to news sources. The premiere affirmed these sentiments while addressing the interest-free loan (worth PKR 5 billion) cheque distribution ceremony for the construction of low-cost houses under PM\u2019s Naya Pakistan Housing Programme (NPHP).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/nphp-jalozai-possession-letters-given-april.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"NPHP: Jalozai Housing Scheme allottees to get possession letters in April (opens in a new tab)\">NPHP: Jalozai Housing Scheme allottees to get possession letters in April<\/a><\/p>\n\n\n\n<p>Khan said the year 2020 will be a year of provision of jobs\nand housing facilities to deserving people. He reiterated that it was the\ngovernment\u2019s mission to develop houses for society&#8217;s low-income segment.<\/p>\n\n\n\n<p>He explained that the non-existence of the foreclosure laws is one of the major hurdles hindering housing finance by banks. The PM said that the government is awaiting court\u2019s decision in this regard and expressed hope that legal formalities to enforce foreclosure laws will soon reach their logical end.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/nphp-hbfc-provide-home-loans-govt-employees.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"NPHP: HBFC to provide home loans to govt employees (opens in a new tab)\">NPHP: HBFC to provide home loans to govt employees<\/a><\/p>\n\n\n\n<p>Furthermore, the PM issued instructions for the Ministry of\nHousing and Works to fast-track the development work on the low-cost housing\nscheme.<\/p>\n\n\n\n<p>Under NPHP, <a rel=\"noreferrer noopener\" aria-label=\"Akhuwat Microfinance (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/punjab-akhuwat-sign-mou-grant-interest-free-loans-nphp-units.html\" target=\"_blank\">Akhuwat Microfinance<\/a> distributes the interest-free loan to the need-based programme applicants \u2013 who own up to 250 sq ft plots. The successful applicants can utilise up to PKR 1 million to develop, renovate or add rooms to the house.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan vowed that as the income of the government will increase, more funding for the housing sector will be available, according to news sources. The premiere affirmed these sentiments while addressing the interest-free loan (worth PKR 5 billion) cheque distribution ceremony for the construction of low-cost houses under PM\u2019s Naya Pakistan Housing Programme (NPHP). Read: NPHP: Jalozai Housing Scheme allottees to get possession letters in April Khan said the year 2020 will be a year of provision of jobs and housing facilities to deserving people. He reiterated that it was the government\u2019s mission to develop houses for society&#8217;s low-income segment. He explained that the non-existence of the foreclosure laws is one of the major hurdles hindering housing finance by banks. The PM said that the government is awaiting court\u2019s decision in this regard and expressed hope that legal formalities to enforce foreclosure laws will soon reach their logical end. Read: NPHP: HBFC to provide home loans to govt employees Furthermore, the PM issued instructions for the Ministry of Housing and Works to fast-track the development work on the low-cost housing scheme. Under NPHP, Akhuwat Microfinance distributes the interest-free loan to the need-based programme applicants \u2013&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[21770,364,20850,21769,8109],"persona":[],"class_list":{"0":"post-62242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-foreclosure-laws","9":"tag-housing","10":"tag-nphp-developments","11":"tag-pm-hands-over-interest-free-loan-cheques-under-nphp","12":"tag-pm-imran-khan","13":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM hands over interest-free loan cheques under NPHP - Zameen News<\/title>\n<meta name=\"description\" content=\"Prime Minister Imran Khan said the year 2020 will be a year of provision of jobs and housing facilities to deserving people.\" \/>\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\/pm-hands-over-interest-free-loan-cheques-under-nphp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM hands over interest-free loan cheques under NPHP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Imran Khan said the year 2020 will be a year of provision of jobs and housing facilities to deserving people.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-hands-over-interest-free-loan-cheques-under-nphp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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