Lower-scale employees will be given soft loan facility: CM

LAHORE:The LDA City Naya Pakistan Apartments is a wonderful initiative of the Punjab government to provide a roof to the shelterless strata and it is satisfying that the application process of this project has been completed.

Chief Minister Punjab Sardar Usman Buzdar, in a statement on Thursday, said the Punjab government has achieved another milestone by fulfilling yet another promise made with the people. The government will fulfil its commitment by constructing more than 35 thousand apartments over an area of 8500 Kanal, he added.

Giving the details, the CM said the construction of 4000 apartments is going to be started, in the first phase, and the lower-scale employees will be given a soft loan facility along with a subsidy from the federal government. Two thousand citizens, two thousand provincial government employees, the federal government and LDA staff will be given apartments through balloting under Naya Pakistan Housing Authority, the CM said. Meanwhile, the construction of 4000 apartments will be completed in one and a half years, in the first phase, and employees with less than Rs.50 thousand monthly salary will be eligible to apply. This is a game-changer initiative to benefit lakhs of families, concluded the CM.