Dr Arif Alvi has said that Prime Minister’s low-cost housing scheme would enormously benefit the underprivileged community of the country. He said that the scheme would not only generate economic activities but would also provide houses to the low strata of society at affordable cost. He stated this at a briefing, given by the Chairman/ Executive Director Akhuwat, Dr Muhammad Amjad Saqib, at Aiwan-e-Sadr today. The meeting was attended by Dr Muhammad Amjad Saqib, Chairman Akhuwat Foundation, Secretary Ministry of Housing and Works, Dr Imran Zeb Khan, and senior government officials.
Dr Muhammad Amjad Saqib briefed the meeting about the progress made by Akhuwat Islamic Microfinance with regard to construction of low-cost houses. He informed that 7,572 houses had been financed by Akhuwat and the recovery rate of loans is 99.9%. He said that the Government of Pakistan had allocated Rs. 5 Billion through Ministry of Housing and Works to Akhuwat Islamic Microfinance which had disbursed Rs. 3.37 Billion so far.
The President appreciated the efforts of the Government and Akhuwat in financing housing schemes for lower strata of society. He asked the Ministry of Housing and Works to disseminate information about the benefits of the scheme so that maximum people could get advantage of it.
