Naya Pakistan Housing Program launched
While launching the much needed and talked about Naya Pakistan Housing Program aimed at constructing five million houses for the under privileged class in the next five years, Prime Minister Imran Khan availed the opportunity to address concerns on economic situation. Alluding to the debate on Pakistan’s decision to go to the IMF, he said the country was passing through financial crisis but assured that he will steer the nation out of this difficult time. He said the Government is resorting to the short term measures to ensure repayment of foreign loans. For this purpose, it would approach both friendly countries and the IMF to meet the immediate requirement of 10 to 12 billion dollars.
Prime Minister Imran Khan said Allah Almighty has bestowed the country with rich resources but these were not managed properly. He asked the people to rest assured and he would be able to exploit the true potential of the country. The Prime Minister said he would soon give a road map for overcoming economic challenges of the country.
Speaking about the housing project, he 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 Prime Minister 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.
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 housing 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.