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Pakistan disburses $376 million in housing loans under new scheme — finance adviser

ISLAMABAD: Pakistan has disbursed Rs104 billion ($376 million) in subsidized housing loans to nearly 18, 000 families since launching a government-backed program six months ago, a senior finance adviser said on Thursday, as Islamabad seeks to expand homeownership and stimulate construction activity in the country. The Prime Minister’s Apna Ghar Program, launched in April, offers first-time homeowners loans of up to Rs10 million ($36, 144) at subsidized interest rates, targeting families struggli

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