Islamabad (Staff Report): Prime Minister Imran Khan on Wednesday launched Naya Pakistan Housing Project at a special ceremony held at PM Office.
Speaking on the occasion, PM Imran said the target of the government is to ensure provision of five million affordable houses for under-privileged classes during the next five years.
The PM expressed the confidence that the programme would not only help realize the dream of a shelter for the poor but also create employment opportunities. It will also attract local and foreign investment and stimulate about forty related industries, Radio Pakistan reported.
Prime Minister announced formation of a Naya Pakistan Housing Authority to serve as one window for all construction related formalities. The authority would be set up in three months and till then a task force would look after the project.
A national financial regulatory body would be set up in two months to remove hurdles in financing of construction of houses.
A legal framework would also be prepared to ensure that there are no legal hurdles in the way of implementation of housing project. He said a land bank would be instituted to identify land with federal government, Housing Ministry, provincial governments and local bodies.
The Prime Minister said in the first phase pilot projects would be launched in seven districts of the country, adding that a registration process would be initiated in these districts from tomorrow (Thursday) with the cooperation of NADRA.
He said the federal government will launch a housing project for its employees and registration in this regard will start begin from tomorrow (Thursday). He said that Punjab government would also launch a similar project in future.
The prime minister explained that the government would serve as a facilitator while construction activity would be undertaken by the private sector.