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Rs1bn Abad seed fund for low-cost housing

The Newspaper's Staff Reporter Published July 1, 2018

KARACHI: The Association of Builders and Developers of Pakistan (Abad) has created a seed fund of Rs1 billion for construction of affordable low-cost housing throughout Pakistan. The move aims to overcome shortage of quality housing in the country, said Chairman Abad Arif Jeewa at the website launch for Affordable Housing Advisory Centre for Affordable Settlements and Housing at Abad House here on Saturday.

Mr Arif Habib, chairman of the Arif Habib Group and a senior member of Abad announced to provide equity for the seed fund. He urged banks to provide funds for Abad low cost housing schemes.

The website has been developed by Mr Zaigham Mahmood Rizvi, former managing director House Building Finance Corporation Limited (HBFCL) and Secretary General Asia Pacific Union for Housing Finance.

Published in Dawn, July 1st, 2018

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Comments (5) Closed
Orakzai
Jul 01, 2018 02:12pm
How to apply
Recommend 0
Ahsan Gul
Jul 01, 2018 08:29pm
Hopefully, no tricks or money scams for our economically pressured families.
Recommend 0
Asim
Jul 01, 2018 08:38pm
What will it do? The report should have been a bit more detailed.
Recommend 0
Chaya
Jul 02, 2018 12:08am
Instead of making houses kindly make high rise building with a small park for residents to enjoy outdoors.
Recommend 0
NASR
Jul 02, 2018 01:41am
How much of the vegetation will be planted in such a dense looking project? What will be the standard of the plumbing system inside the home and sewage and garbage disposal outside the home? In large housing project both in public and private sector, time and again we have seen these three basic necessity at its worst. Faulty plumbing and Bad sewage system turns new projects into very old looking projects in a very short time.
Recommend 0

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