Islamabad (Web Desk): Prime Minister Imran Khan on Thursday vowed to uplift the weak and underprivileged segments of the society.
Addressing a ceremony in connection with allotment of houses and flats to working class under Naya Pakistan Housing Project, the premier said it is very difficult for the salaried class, workers and labourers to construct or purchase a house in the cities due to soaring prices of land.
He said that the government has started Naya Pakistan Housing Programme with a new mindset to provide support to these segments of the society to own a house.
PM Imran pointed out that the government has introduced a legislation under which the banks will provide loans on 5 percent interest rate for the construction of houses.
He said the banks have promised to set aside Rs380 billion for this purpose.
The PM directed State Bank of Pakistan (SBP) to ensure that these loans are easily available to the people. He said these loans can be repaid over a period of 25 years.
The premier assured to allocate more funds for the housing programme with the increase in the revenue of the government so that the working and the salaried class could build their houses.
Imran Khan said there is a boom in the construction industry due to the incentives given by the present government.
He said this will not only lead to wealth creation but also provide job opportunities to the youth.
Earlier, Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis Zulfikar Bukhari said in the first phase of this project completed by Workers Welfare Fund, 1008 flats and 500 houses have been constructed.
“These are being given to the workers on the basis of proprietary rights, he said, adding that 1504 more units will be constructed in the next phase.
Bukhari added this project is the beginning of providing low cost and affordable houses to the weak segments of the society.