NPHP: supplementary grant approved

Islamabad: The federal cabinet on Thursday approved a supplementary grant for the Naya Pakistan Housing Programme (NPHP) project – a news source reported.

Prime Minister Imran Khan presided over the cabinet meeting. Under the terms of this grant, funds will be transferred to the Pakistan Mortgage Refinance Company Limited.

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The World Bank previously released an instalment of USD 58 million, out the pledged USD 140 million, for the company.

Meanwhile, the Punjab government has approved funds to conduct a feasibility study of NPHP. The executive released the funds on the request of the housing department.

A meeting of the Provincial Development Working Party (PDWP), presided over by P&D Chairman Habib-ur-Rehman Gilani, sanctioned the transfer of funds. Several low-cost houses will be constructed in Chishtian, Lodhran, and Renala Khurd using the grant money.

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PDWP sanctioned the funds worth over PKR 2 million for the NPHP project in Chishtian. Similarly, it approved PKR 3 million, each, for the housing projects in Lodhran and Renala Khurd.