{"id":80873,"date":"2021-10-26T12:25:04","date_gmt":"2021-10-26T07:25:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80873"},"modified":"2021-10-26T12:25:09","modified_gmt":"2021-10-26T07:25:09","slug":"govt-extend-subsidy-housing-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-extend-subsidy-housing-sector.html","title":{"rendered":"Govt to extend added subsidy to housing sector"},"content":{"rendered":"\n

Islamabad: Naya Pakistan Housing & Development Authority (NAPHDA)<\/a> Spokesman Asim Shaukat Ali on Monday (October 25) said the government will provide added subsidies to the housing sector in the country, news sources reported.\u00a0<\/p>\n\n\n\n

Read:<\/strong> Bank regul<\/a>a<\/a>tory body being set up to finance housing sector<\/a><\/p>\n\n\n\n

This enhanced subsidy will be provided on the construction materials in wake of the increasing dollar value. The subsidy will be in the form of tax exemption on the purchase of construction materials and steel products. \u00a0 The representative also stated that the digitalization of state land is progressing at a quick pace, which would help reduce land grabbing. The cadastral maps will also help lessen the property-related caseload on courts, speeding up the judicial process. <\/p>\n\n\n\n

Read:<\/strong> SECP shares statistics on licenses issued to HFCs for promoting housing sector<\/a><\/p>\n\n\n\n

Concerning the NPHP, he stated that the construction industry is anticipated to employ 0.9 million people, with a total economic activity of PKR 5 billion. He further stated that banks are required to accept or reject loan applications within one month. So far, 22,000 loan applications <\/a>totalling PKR 75 billion have been accepted out of 54,000 applications.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: Naya Pakistan Housing & Development Authority (NAPHDA) Spokesman Asim Shaukat Ali on Monday (October 25) said the government will provide added subsidies to the housing sector in the country, news sources reported.\u00a0 Read: Bank regulatory body being set up to finance housing sector This enhanced subsidy will be provided on the construction materials in wake of the increasing dollar value. The subsidy will be in the form of tax exemption on the purchase of construction materials and steel products. \u00a0 The representative also stated that the digitalization of state land is progressing at a quick pace, which would help reduce land grabbing. The cadastral maps will also help lessen the property-related caseload on courts, speeding up the judicial process. Read: SECP shares statistics on licenses issued to HFCs for promoting housing sector Concerning the NPHP, he stated that the construction industry is anticipated to employ 0.9 million people, with a total economic activity of PKR 5 billion. He further stated that banks are required to accept or reject loan applications within one month. So far, 22,000 loan applications totalling PKR 75 billion have been accepted out of 54,000 applications.<\/p>\n","protected":false},"author":84,"featured_media":75429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[49103,17184,49104],"persona":[],"class_list":{"0":"post-80873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-govt-to-extend-added-subsidy-to-housing-sector","9":"tag-naya-pakistan-housing-programme-nphp","10":"tag-subsidy-for-housing","11":"cat-15013-id"},"acf":[],"yoast_head":"\nGovt to extend added subsidy to housing sector - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: NAPHDA Spokesman Asim Shaukat Ali on Monday (October 25) said the government will provide added subsidies to the housing sector in the country\" \/>\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-extend-subsidy-housing-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to extend added subsidy to housing sector - 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