Construction work on the Prime Minister’s Naya Pakistan Housing Programme will be started in three districts of Punjab from next month.
Chairman Prime Minister’s Task Force on Housing Zaigham Rizvi made the announcement while addressing a press conference along with Punjab Minister for Housing Mian Mahmood-ur-Rasheed.
The first-ever meeting of the Housing Task Force was held in Punjab, which was chaired by the Prime Minister.
The Task Force chairman said that work on the construction of housing units under the Programme would be started in three districts of Punjab including Lodhran, Okara and Bahawalnagar from December 2018.
Prime Minister Imran Khan will perform the groundbreaking of the project in the districts. The landbank of Punjab government has identified over 10 lakh kanal land for the programme in different areas of the province.
The Prime Minister ordered to remove legal lacunas in mortgage financing. The PM referred the matter to the legal committee of the programme.
Explaining how the Prime Minister is interested in the project, Rizvi said that PM Imran Khan had chaired 14 meetings over the programme so far.
The model to be used for the programme would be based on the market’s considerations. He said that the construction of housing units is a time-consuming job.
He informed that Punjab has decided to set up its own task force for the project. The federal government will facilitate the provinces and an institutional framework would be formulated for the programme.
Rizvi said the government would remove hindrances and shortcomings regarding house financing for the project. A real estate regulatory authority would also be established to regulate the sector.
He clarified that the housing units under the programme would not be constructed by the government rather private investors would build the units.
On the occasion, Rasheed said that the government would also provide houses to poor people of the country under the programme.