Overview
- Prime Minister Shehbaz Sharif unveiled a five‑year Wazir‑e‑Azam Apna Ghar Programme that targets financing for 500,000 homes with a total outlay of Rs3.2 trillion.
- The scheme offers up to 20‑year mortgages with a subsidised 5% markup for the first ten years before shifting to market‑linked rates.
- Applicants can seek loans of up to Rs10 million covering as much as 85% of the purchase or construction cost, according to programme details reported by local outlets.
- Officials say the programme spans all four provinces as well as Azad Jammu and Kashmir and Gilgit‑Baltistan, with initial cheque distributions and a public warning to banks to ensure lending flows.
- Editorials and analysts caution that banks may favour lower‑risk borrowers, construction costs have climbed with inflation, and monthly payments could jump once the subsidy period ends for low‑income households.