Prime Minister to perform ground-breaking ceremony of Housing Projects in Islamabad and Quetta during this month.

April 04, 2019

Islamabad, 04 April 2019:

 

Prime Minister Imran Khan will perform ground-breaking ceremony of two major housing projects in Islamabad and Quetta (Balochistan) during this month. 

 

The decision was taken during a meeting to review progress on housing projects being constructed under the Naya Pakistan Housing Project.

 

The Prime Minister was informed that under the program, 110000 units would be constructed in two cities of Balochistan i.e. Quetta and Gwadar while 19000 apartments would be built in 04 different projects located at various places of the federal capital in the first phase. 

 

Secretary Housing Dr. Imran Zeb Khan while giving an update informed the Prime Minister that draft legislations for establishment of Naya Pakistan Housing Authority, foreclosure laws and housing specific loans recovery procedures have been forwarded to the Cabinet Committee for Legislative Cases for its consideration. It was informed that all codal formalities for establishment of Naya Pakistan Housing Company would be completed during this week. 

 

Giving details of various housing projects being undertaken in the first phase of Naya Pakistan Housing Program (NPHP), Secretary Housing informed the Prime Minister that the Housing Ministry will be signing an MoU with the Government of Balochistan for various housing projects at Quetta (5000 apartments in Wahdat Colony), Gwadar (55,000 apartments) Fisher Colony (54000 apartments) and other places of the province. In AJ&K, 3,000 units would be constructed whereas 19000 units would be built in Islamabad in the first phase.

 

The Prime Minister was informed that another important project involving construction of 30,000 apartments on CDA land near Chaklala was also being undertaken. Another project on the prime land of G13/14 sector with a potential of 6000 apartments was also being vigorously pursued. 

     

 The Prime Minister expressed satisfaction over the steady progress being made in the Naya Pakistan Housing Program and the huge interest being evinced by the international investors. 

 

The Prime Minister said that NPHP, besides bridging demand and supply gap in the housing sector, will also act as a stimulus for the overall growth of economy. 

 

Recounting various steps being taken by the Government to facilitate foreign investors in construction business, including grant of permission for erecting high-rise buildings, the Prime Minister observed that focus on technology transfer, employing the services of local industries and utilizing local work force would not only create huge job opportunities but would also boost all sectors associated with the construction industry.