The Prime Minister Low Cost Housing Scheme, created by the ministry of housing and works, provides qualified families with financial help up to Rs 5000,000 through Akhuwat Islamic Microfinance (AIM).
According to an official document detailing the administration’s three-year performance, the government has released monies totaling Rs7 billion to Akhuwat till June 4, 2021.
The building of 7000 housing units was completed, and the remainder was in the works. According to the statement, needy and worthy families would receive financial support through a Shariah-compliant product.
On June 15, 2021, the federal cabinet accepted the ministry’s summary for urban regeneration of Pakistan quarters and Jamshaid quarters in Karachi.
This project would transform katchi abadis into developed areas by constructing high-rise vertical projects with around 6,000 residences and commercial areas in conjunction with Naya Pakistan Housing Authority.
