ISLAMABAD: The government is providing
a subsidy of Rs300,000 for low income household to enable them to own their house.
For this purpose, an allocation of Rs33 billion was proposed in the budget. Minister for Finance and Revenue Shaukat Tarin said this during his budget speech in the Parliament House on Fr
iday. The government has set a target of constructing 5 million houses for the low income groups under the Naya Pakistan Housing programme.
The housing and construction package has spurred a flurry of economic activities in this sector and its allied industries. The government was taking the various steps to promote this programme. The Naya Pakistan Housing Authority has been established for overall coordination of po
licy making and implementation.
A package of tax incentives was especially d
esigned for housing schemes under the initiative
in addition 2021-22.
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