ISLAMABAD – Prime Minister Imran Khan launched Naya Pakistan Housing Scheme today under which one hundred and forty-one thousand residential units will be constructed in the first phase.
Addressing the launching ceremony, this afternoon, he said 25,000 housing units will be constructed in the federal capital, 1,10,000 in Balochistan and 6,000 in Azad Kashmir.
The Prime Minister said a revolving fund of five billion rupees has been established to grant microcredit to poor people enabling them to have their own house.
He said high rise residential buildings will be constructed for people living in katchi abadis across Pakistan.
He said commercial buildings will also be constructed on city slum so that economic activity can be generated.
The Prime Minister said there are about 40 slums areas in Karachi only and no one has ever paid any attention to uplift poor people living there.
Imran Khan said a Chinese Company has offered to set-up a pre-fabricated factory in Pakistan with a capacity to construct one story in a week.
He said we are trying to involve private sector in the housing sector and facilitate our youth to come forward in the construction arena.
Earlier speaking on the occasion, Minister for Housing and Works Chaudhry Tariq Bashir Cheema said Naya Pakistan Housing Programme is a step forward for the realization of Prime Minister’s vision of uplifting the poor.
He said a number of industries are directly and indirectly linked with the housing sector, which will not only generate economic activities, but also create job opportunities for the youth.
Chaudhry Tariq Bashir Cheema said that utmost transparency will be ensured in this project.
Finance Minister Asad Umar said housing sector is a pivot to materialize his dream of creating ten million jobs for the youth.
He said the government will also make loaning facility easy for low income people.