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21 October

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3 News Found for 21 October
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21 October 1959

First House Building Finance Scheme Launched in Pakistan

First House Building Finance Scheme Launched in Pakistan

On October 21, 1959, Pakistan launched its first House Building Finance Scheme through the House Building Finance Corporation (HBFC). This initiative aimed to provide affordable housing loans to the middle class at subsidized interest rates. The scheme significantly boosted residential construction in urban areas and enabled thousands of families to build their own homes. It laid the foundation for Pakistan's residential finance sector and paved the way for housing financial services in the coming years.

▪References:

State Bank of Pakistan Archives, HBFC Historical Records
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2

21 October 1966

Aberfan Disaster - Mining Tragedy Impacts Land Use Policies

Aberfan Disaster - Mining Tragedy Impacts Land Use Policies

On October 21, 1966, the Aberfan disaster occurred in Wales when a colliery spoil tip collapsed onto the village, killing 144 people including 116 children. This tragic event exposed critical failures in mining waste management and land use planning near populated areas. The disaster led to comprehensive reforms in mining regulations, waste disposal practices, and land use planning policies worldwide. It highlighted the importance of proper geological assessments, safe waste storage practices, and the need for buffer zones between industrial activities and residential areas. The Aberfan tragedy became a landmark case in environmental planning and industrial safety regulations.

▪References:

UK National Archives, Mining Safety Historical Records
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3

21 October 2005

Reconstruction Package Announced for Earthquake Victims

Reconstruction Package Announced for Earthquake Victims

On October 21, 2005, following the devastating earthquake of October 8, the Government of Pakistan announced a comprehensive reconstruction package for earthquake victims. The package included reconstruction of over 400,000 houses in affected areas, repair of 6,000 educational institutions, and restoration of 400 health centers. This was the largest reconstruction project in Pakistan's history, which not only rebuilt the affected areas but also introduced new standards for earthquake-resistant construction. The package added a new dimension to disaster management and construction standards in Pakistan.

▪References:

ERRA Archives, National Disaster Management Authority Records
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