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Housing Schemes

Rs.6bn assigned for PM’s low housing scheme: Dar

ISLAMABAD: Finance Minister Ishaq Dar while presenting the federal budget 2014-15 on Tuesday unveiled government’s initiatives to facilitate provision of housing in the country. The Minister informed that government designed a program to provide housing credit to low cost housing units to enable the poor to have their own houses. According to scheme loans up to Rs. 1 million will be provided by Banks and financial institutions, the government will guarantee 40 per cent of the portfolio amount. “The scheme will cover all…