The World Bank has approved $435 million in financing for three projects in Pakistan that would expand access to housing finance, particularly for low-income households.
According to a World Bank’s press release, the three projects approved by the bank’s Board of Executive Directors, include Pakistan Housing Finance, Punjab Urban Land Systems Enhancement and Punjab Affordable Housing Program.
These projects will improve land tenure rights and facilitate affordable housing developments in urban Punjab.
It will benefit up to 70,000 first-time homebuyers in the country, who qualify for the government’s interest rate subsidy program – Mera Pakistan, Mera Ghar.
