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The model house built on 720sq ft (80sq yards) on the NED University campus. Photo by writer KARACHI: It was a marvel of engineering and architecture, on top of also being energy efficient and fireproof. The model house, the inauguration of which was organised at the NED University of Engineering and Technology campus on Saturday, is bright, spacious and comfortable. And the best thing about it is that it is low-cost and can be constructed within six weeks. Looking to develop energy efficient and low-cost housing facilities in a sustainable way, the Centre for Affordable Housing and Sustainable Built Environment (CAHSBE) and NED University joined hands with the construction industry to come up with the housing model in accordance to the affordable/low-cost housing as envisioned by Prime Minister Imran Khan. ....
BoP & PMRC ink agreement for affordable housing finance National December 16, 2020 LAHORE: The Bank of Punjab and Pakistan Mortgage Refinance Company (PMRC) join hands for providing and promoting affordable housing finance in the country by signing a Credit Guarantee Agreement with Credit Guarantee Trust for low-cost housing, set up by the government with PMRC as trustee. The BoP has become the first bank in Pakistan which has signed a master credit guarantee agreement to avail risk cover for low-income housing finance. BoP has also partnered with PMRC and obtained a refinancing facility. These initiatives will help the bank to partially alleviate the credit risk entailed and provide affordable mortgage facilities to the low-income persons particularly those in the informal sector. The government is committed to providing affordable housing finance to its citizens for economic and social development. BoP President Zafar Masud said, “Housing sector is a niche for us ....