{"id":66753,"date":"2020-06-17T10:00:00","date_gmt":"2020-06-17T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66753"},"modified":"2020-06-17T12:40:34","modified_gmt":"2020-06-17T07:40:34","slug":"punjab-allocates-pkr-1bn-for-nphp-projects-in-2020-21","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-allocates-pkr-1bn-for-nphp-projects-in-2020-21.html","title":{"rendered":"Punjab Budget 2020-21: Govt allocates PKR 1bn for NPHP developments"},"content":{"rendered":"\n<p>Lahore: The Punjab government has announced to allocate PKR 1 billion for the development of low-cost housing projects under the Naya Pakistan Housing Programme (NPHP) in the province, according to new sources.<\/p>\n\n\n\n<p>Read: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/pm-orders-consultations-banks-facilitate-financing-nphp-development.html\" target=\"_blank\">PM orders consultations with banks to facilitate financing for NPHP developme<\/a><\/p>\n\n\n\n<p>To facilitate this measure, the government has set aside PKR 30 billion as subsidy for the Naya Pakistan Housing Authority (NPHA). This amount will be used for developing low-cost housing units for the society\u2019s low-income groups.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/lda-bylaws-for-low-cost-apartment-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">LDA finalises bylaws for low-cost apartment projects<\/a><\/p>\n\n\n\n<p>Previously, the executive had announced its decision to reduce tax applicable on investments made in the NPHA\u2019s affordable residential projects by 90%. Moreover, it has allocated PKR 1.5 billion for the Akhuwat Foundation to facilitate the provision of Qarz-e-Hasna to low-income individuals for constructing their houses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab government has announced to allocate PKR 1 billion for the development of low-cost housing projects under the Naya Pakistan Housing Programme (NPHP) in the province, according to new sources. Read: PM orders consultations with banks to facilitate financing for NPHP developme To facilitate this measure, the government has set aside PKR 30 billion as subsidy for the Naya Pakistan Housing Authority (NPHA). This amount will be used for developing low-cost housing units for the society\u2019s low-income groups. Read: LDA finalises bylaws for low-cost apartment projects Previously, the executive had announced its decision to reduce tax applicable on investments made in the NPHA\u2019s affordable residential projects by 90%. Moreover, it has allocated PKR 1.5 billion for the Akhuwat Foundation to facilitate the provision of Qarz-e-Hasna to low-income individuals for constructing their houses.<\/p>\n","protected":false},"author":18,"featured_media":61600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15020],"tags":[31964,31962,31963],"persona":[],"class_list":{"0":"post-66753","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-social-developments","9":"tag-funds-for-low-cost-housing-projects-in-punjab-budget-2020-21","10":"tag-nphp-funds-in-punjab-budget","11":"tag-punjab-low-cost-housing-sector-funds-in-budget-2020-21","12":"cat-20385-id","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>Punjab allocates PKR 1bn for NPHP projects in 2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"The announcement comes in the wake of the budget proposals shared by the federal government wherein Federal Minister for Industries and\" \/>\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\/punjab-allocates-pkr-1bn-for-nphp-projects-in-2020-21.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab allocates PKR 1bn for NPHP projects in 2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The announcement comes in the wake of the budget proposals shared by the federal government wherein Federal Minister for Industries and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-allocates-pkr-1bn-for-nphp-projects-in-2020-21.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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