Pakistan Prime Minister Imran Khan launched its most ambitious and landmark housing policy of building five million homes in five years.
Speaking on the special ceremony here he said five million affordable houses for under-privileged classes will be built during the next five years.
'Naya Pakistan housing authority' will be formed in next three months which shall serve as one window for all construction related formalities, till then a task force is constituted to look after the housing project, said a report in Pakistan radio.
While expressing his confidence in the government, Imran Khan said the programme would not only help realize the dream of a shelter for the poor, but also create employment opportunities by attracting local and foreign investment which will stimulate about forty related industries.
"A National Financial Regulatory Body will be set up in two months to remove hurdles in financing the construction of houses and a legal framework will also be prepared to ensure that there are no legal hurdles in the way of implementation of housing project", he added. He said it will also attract local and foreign investment and stimulate about forty related industries.
Land Bank would also be instituted to identify land with Federal Government, Housing Ministry, provincial governments and local bodies for the construction houses. The first phase of this housing policy shall comprise pilot projects that will be launched in seven districts of the country and a registration process would be initiated in these districts from tomorrow with the cooperation of NADRA to gather data for housing needs of the people.
Imran Khan explained that the Government would serve as a facilitator while construction activity would be undertaken by the private sector adding that the project would require huge manpower, training programmes would be launched to impart skills to people. He said seven thousand skills teaching institutes would be established in the country.
Imran Khan hoped that Naya Pakistan Housing Programme would prove to be flagship project of the Government bringing prosperity to the country.
UNI XC JAL 1720
-- (UNI) -- C-1-1-DL0511-1547760.Xml