Government housing for public and private sector employees

A housing project has been implemented to provide affordable housing to middle class income earners in the public and private sectors.

With the approval of the Cabinet of Ministers, a debenture issue of Rs. 25 billion valid for a period of 05 years will be issued to provide the initial capital required for its implementation.

Proceeds from the sale of those homes will be used to pay off debentures.

Cabinet approval has also been granted to provide concessionary loan interest rates to relevant buyers for the purchase of houses.

Accordingly, buyers will have a term of 25 to 30 years.

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