Prime Minister Imran Khan’s Vision, #LDA’s grand plan to build 35,000 apartments under the guidance of Punjab Chief Minister:

  • Early commencement of construction of 4000 apartments at a cost of Rs. 10 billion in the first phase
  • Subsidy of Rs. 3 lakhs under #New_Pakistan_Housing_Program

PM_Imran_khan will visit #LDA_City for the #inouguration_Naya_Pakistan_Housing_Program on #25_Dec_2020

“Work is set to begin next month on an apartment project in LDA City, under which a total of 35,000 apartments will be built. Have to do. ” – Vice-Chairman LDA, SM Imran

A_Biggest_news #LDA_City_Announcements #LDA_City_Appartments_Project

Dated December 2, 2020
The decision to build 4,000 apartments for #LDA employees
A consortium of seven banks has been set up to facilitate mortgage financing to employees

Lahore_Development_Authority Vice-Chairman #SM_Imran and Director General Ahmad Aziz Tarar meet top officials of banks

Under the #LDA_City #New_Pakistan_Apartments_project, #4,000_apartments_will_be_constructed for #LDA_employees in the first phase. A consortium of seven banks has been set up to provide resources for the project.

Senior officials of the banks called on

#Vice_Chairman_Lahor_Development_Authority SM Imran and Director General Ahmad Aziz Tarar. On the occasion, discussions were held on providing mortgage financing facility to the employees for apartments. Apartments were provided to the employees by the banks. On the orders of the Prime Minister of Pakistan, the banks have decided to provide loans to employees at a lower rate. Therefore, only five percent of the borrowers for apartments. It is proposed to collect this amount from the employees in easy monthly installments.

The meeting was attended by representatives of #Habib_Bank, #Punjab_Bank, #Faisal_Bank, #Bank_Al_Falah, #UBL, #Meezan_Bank, and #National_Bank. Representatives of some banks from #Karachi also attended the meeting through video link.

The meeting was attended by

#Governing_Body_Member_Engineer_Amir_Riaz_Qureshi, Additional Director Generals Farqalit #Mir_Rana_Takakhan,

#Chief_Metropolitan_Planner_Syed_Nadeem_Akhtar_Zaidi, #Chief_Engineer_Abdul_Razzaq_Chauhan,

#Director_Finance_Muhammad_Akhtar, and other concerned officers.
Photo caption: Lahore Development Authority Vice Chairman SM Imran and Director General Ahmad Aziz Tarar are meeting top officials of banks in connection with the #LDA_City_New_Pakistan_Apartments_project