ISLAMABAD – The federal government will provide guarantee on house loans for up to Rs 1,000,000.

While presenting Federal Budget 2017-18, Finance Minister Ishaq Dar said that there is shortage of houses in Pakistan, adding that the government was taking steps to provide homes to low-income persons.

He said that the government will give 40 percent guarantee for house loans.

On the other hand, the government has increased rate of federal excise duty on cement that will affect the construction sector.