World Bank approves $435m for three projects in Pakistan

Date:

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.

Share post:

Subscribe

Popular

More like this
Related

Afghan Repatriation & Transit Trade Standoff

The repatriation of Afghans faces a major hurdle, not...

SPAR6C: Powering Pakistan & the World for Climate Action, Green Growth

The program selects four countries -- Colombia, Pakistan, Thailand, and Zambia -- each at different stages of institutional capacity, climate change mitigation strategy development, and NDC progress tracking.

Reconciliation & Replacement Commission

The current political, economic and security situation is alarming....

Balochistan Minerals: From Dust to Glory  

Balochistan has a variety of sizable and valuable mineral...