Prime Minister Shehbaz Sharif has officially set the "PM Apna Ghar Programme" into motion, marking a historic federal commitment to making homeownership a reality for the masses. This nationwide housing offensive aims to tackle the country’s residential shortage by providing subsidized financing to middle- and lower-income families who have long been priced out of the property market.
Backed by a staggering total investment of PKR 3.2 trillion, the initiative seeks to construct 500,000 housing units across Pakistan. The program’s reach is truly national, spanning the federal capital, all four provinces, Gilgit-Baltistan, and Azad Jammu and Kashmir. For the inaugural year, the government has earmarked PKR 321 billion to hit an ambitious starting target of 50,000 homes.
The financial framework of the scheme is designed to provide long-term stability for borrowers. Eligible citizens can access housing loans of up to PKR 10 million for residential units as large as 10 marla. To keep payments manageable, the government has fixed the markup at a low 5% for the first decade of the 20-year repayment period. After the initial ten years, the interest rate will transition to the prevailing market rate.
During the launch event in Islamabad, the Prime Minister highlighted that the State Bank of Pakistan has already been instructed to expedite loan approvals to avoid traditional banking delays. Taking a hands-on approach to ensure the project doesn't lose momentum, PM Shehbaz pledged to personally conduct monthly reviews of the program's progress, vowing to eliminate any bureaucratic bottlenecks that stand in the way of affordable housing for the people.
