KARACHI: Naya Pakistan Housing and Development Authority (NAPHDA) Chairman Lt Gen (r) Anwar Ali Hyder said on Friday that six commercial banks that form the consortium for financing PM’s Naya Pakistan Housing Programme would start giving loans from next week under the guidelines devised by State Bank of Pakistan (SBP). He said to make Naya Pakistan Housing Scheme a big success, the federal government had taken various important decisions which included fixed tax regime for builders and developers, 90 per cent tax relief and incentives to private banks for financing this revolutionary housing scheme. It would be practical and yielding to provide house financing and land free of cost for the success of Naya Pakistan Housing Programme, he said. Karachi Development Authority (KDA) Director General Asif Ikram said that KDA was ready for joint venture with builders and developers for low-cost housing schemes. “We are trying to provide free land for Naya Pakistan Housing scheme in Sindh,” he said.

Source: Pakistan Today September 25, 2020 18:27 UTC