ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today.
Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special incentive package for the Housing and Construction sector, announced by the Prime Minister in July 2020.
After due deliberation, the Committee approved the stipulated eligibility criteria and payment mechanism for cost subsidy against 100,000 housing units to be constructed during phase-I by the end of the year.
State Bank of Pakistan launches complaint resolution portal to promote affordable housing
Karachi, January 21, 2021 (PPI-OT): The Prime Minister of Pakistan chaired a meeting of National Coordination Committee on Housing, Construction and Development (NCCHCD) in Islamabad today. Governor State Bank, Dr. Reza Baqir, presented key features of an online complaint resolution mechanism developed by State Bank of Pakistan (SBP) to resolve complaints of potential customers under Government’s Mark-up Subsidy Scheme for affordable housing. The Prime Minister appreciated the development of a user friendly and comprehensive complaint resolution mechanism to assist common persons who would like to borrow under this Scheme.