PM Housing Scheme Will Require 20% Down Payment & Monthly Installments

People looking for houses under the Naya Pakistan Housing Scheme will have to pay 20 percent of the total cost of the house upfront.

Firdaus Shamim Naqvi, the Opposition Leader in Sindh Assembly and a member of the Task Force on 50 million houses’ project revealed this on Monday.

Shamim, in a joint press conference with other members, said the owners would contribute 20pc of the total cost as down payment; remaining 80pc payment will be provided by bank borrowing under the proposed financing model.


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Naqvi proposed the repayment plan saying that the owners would return the bank loans of Rs 2 million (with 10pc mark-up) in 20 years’ time – the monthly installment has been set at Rs 18,564 which is equivalent to existing rental levels.

Naqvi revealed that the government would require financing of Rs 16 trillion to build five million houses in five years.

“If the cost of the lowest category house/apartment is Rs 3 million, the applicant will have to pay Rs 600,000 as down-payment,” said Mr Naqvi.


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Shamim Naqvi added that the government was going to adopt rent equalization model to keep the project low-cost and within people’s range.

“Total housing requirement in the country stands at more than 10 million, but we intend to construct 5 million in the next five years,” Firdous Shamim Naqvi said.

Naqvi maintained that competitive bidding would be carried out for the selection of builders in a transparent manner.

In the joint press conference after the meeting, the Task Force chairman Zaigham Rizvi, flaunted by other members said they were going to present a bill for the establishment of Housing Authority.

He said the bill has to be approved from the provincial assemblies of Punjab, KP and Balochistan. Rizvi revealed that Sindh has refused to cooperate with the Federal government for the project and aims to unveil its own housing scheme at the provincial level.

According to Rizvi, the government will construct one million housing units in rural, urban and semi-urban areas in the first year. He estimated the cost to be around Rs 3.2 trillion, out of which Rs 1.3 trillion will be obtained through bank borrowing, he said.

Zaigham Rizvi said he had requested the banks to increase the financing limit by up to five percent to raise it to Rs 500 billion.

“We are recommending to the government to reduce the tax burden for banks on the portfolio allocated for house financing. The capital adequacy ratio (CARs) for banks will also be increased,” he added.


  • Rs 600,000 as down-payment
    monthly installment has been set at Rs 18,564
    who afford all this…?

    • Danish Ilyas

      Ager down payment km ho 200k tk aur installment 10-12k tk to theek hai.cuz hm itni to hr month rent dyty hain ghar ka aur i know 40 year k baad is ghar ka aik door b humara nhi ho ga.

    • Sherry KHAN

      Abhey Yar, GHar lena hai suzuki mehraan nei leni, Itna to zoor lagana perayga koi mazak hai kia ghar ?

  • Saqi

    I need to know if they complete the construction first before the down-payment or they will ask money for a barren land? If the down-payment and monthly installment is for a “khulla maidaan”, then I’m sure naya Pakistan will loot us as purana Pakistan looted our forefathers…

    • sherry KHAN

      IF people can pay to bahria town for barren land, its GOVERNMENT of PAKISTAN asking for money, thats properly secure.

      • Saqi

        Yes but 1990s govt projects still in progress, hope you won’t need to wait for that long…

  • Is not for Lower Class Family It’s Medium Middle & Upper Class Scheme

  • Can We Pay Down Payment Within 5 Years Before Allocation / Possession ?

  • W. Aziz

    Not for poor and even not for the family with income slot upto 35K. #RIP

  • REALISTIC

    KOI BHAI URDU MEIN MUKHTASAR ASAN ANDAZ MEIN SAMJHA SAKTA HAI???

  • A very well written article. We can help you find the best Home Loan so that you can easily buy your first family dream home. Compare & Apply the best Home Loan plans offered by the leading banks in Pakistan ONLY at Mawazna.

  • Muhammed Ovais Alam

    Monthly installment 18,564 x 240 (months) = 44,55.360 + 6,00,000 (advance)
    Total 50,55,360

    Matlab k bohat hi aala. 5 million ka ghar paray ga.
    Let’s wait and watch for corruption worth billions.