Cabinet approves Rs 5 billion Ministry-Akhuwat accord for low-income housing: Firdous.

ISLAMABAD -- Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Tuesday said the federal cabinet had approved an agreement between the Ministry of Housing and Akhuwat Islamic Microfinance in an effort to build five million housing units for low-income people.

Flanked by Minister for Law Farogh Naseem here at a press conference to share the cabinet's decisions, she said under the accord, a fund of Rs 5 billion would be utilized to give interest-free loans of Rs 100,000 to Rs 1 million to...