The Punjab Government is finalizing financial models with the Bank of Punjab and House Building Finance Corporation to provide interest-free loans for Naya Pakistan Housing Program. Provincial Minister for Industries and Commerce said that the government would provide interest-free loans for constructing affordable houses and apartments in various districts of the province. He added that the authorities concerned recently identified additional land measuring 200,000 kanals for NPHP. He said that the Punjab Government would be organising an international conference on housing where developers and overseas companies would participate.
The Government has also reached out to private builders in a bid to develop the Naya Pakistan Housing project on a joint venture basis. The Government plans to offer certain incentives to the said sector for developing the low-cost housing scheme.