Housing finance under the “Prime Minister’s Apna Ghar Scheme” has recorded a significant 117 percent increase in just two months, with financing approvals exceeding Rs313 billion, reflecting growing demand for affordable housing and construction activity across the country.
“PM Apna Ghar Scheme” spurs 117% surge in housing finance, Rs313bn loans approved
ISLAMABAD, Sep 2 (APP):Housing finance under the “Prime Minister’s Apna Ghar Scheme” has recorded a significant 117 percent increase in just two months, with financing approvals exceeding Rs313 billion, reflecting growing demand for affordable housing and construction activity across the country.
According to the latest figures by the Ministry of Finance on Wednesday, more than 53,100 housing loans have been approved under the initiative, while over Rs45 billion has already been disbursed to beneficiaries.
The sharp rise in housing finance is expected to generate economic activity well beyond home ownership by stimulating demand for construction materials, creating employment opportunities and supporting small and medium-sized enterprises (SMEs) associated with the housing and construction sectors.
The expanding flow of housing finance is also opening up new investment opportunities for both domestic and international investors, particularly in construction, building materials, housing development, allied services and related industries.
Pakistan continues to face a substantial housing deficit, estimated at around 10 to 12 million housing units, highlighting the scale of unmet demand and the potential for sustained investment in the sector.
The growing housing finance market could therefore serve as an important catalyst for economic activity, linking home ownership with investment, employment generation and broader economic growth.
Homes, investment, jobs and growth are increasingly becoming interconnected through the expansion of housing finance under the PM Apna Ghar initiative.
