Govt urged to establish housing bank to promote low cost housing

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Speakers at the first International Housing EXPO 22 urged the government for setting up a housing bank to promote low cost housing for the low income segments.

Many dignitaries visited the EXPO on its second day being organized by the Ministry of Housing and Works in collaboration with Islamabad Chamber of Commerce and Industry.

Former Member National Assembly and PML-N leader Captain (R) Muhammad Safdar and Chakkrid Kraichaiwong Ambassador of Thailand, Nguyen Tien Phong, Ambassador of Vietnam, Khazar Farhadov Ambassador of Azerbaijan and Dilshad Senor, Ambassador of Northern Cyprus visited the expo.

Ahsan Zafar Bakhtawari, ICCI President, and Iftikhar Ali Shallwani, Secretary, Ministry of Housing and Works, took the visiting dignitaries to various stalls put up for display in the EXPO.

The visiting guests took great interest in the products and projects displayed in the expo and highly appreciated the Ministry of Housing and Works and ICCI for organizing such a wonderful EXPO.

Bakhtawari briefed Capt. (Retd) Muhammad Safdar about the importance of establishing a new industrial estate in the region to promote industrialization and investment.

On the second day, panel discussions were also held on the sidelines of the EXPO.

The first session was held on ‘Low Cost Housing and Financing Frameworks’ and second session on ‘Urban Governance, Urban Development and Regulation’ with panelists Waseem Hayat Bajwa Member Planning and Design CDA, Emma Ahmed, Director Altair International, Naveed Iftikhar Co-Founder Atom Camp.

The panelists gave useful proposals to promote low cost housing in Pakistan and urged the government to consider setting up a Housing Bank to promote low cost housing for low income segments.