Prime Minister Imran Khan is expected to perform the ground-breaking ceremony of two housing projects in Islamabad and Quetta later this month.
Both projects are part of PM Khan’s ambition of Naya Pakistan Housing Program (NPHP) under which he promised to deliver 500,000 low-cost residential units to the underprivileged faction of the society.
The decision was taken during a monthly review meeting of the housing project, with PM Imran in the chair.
Secretary Housing Dr. Imran Zeb Khan briefed the premier regarding the progress on the various housing projects under NPHP. He informed the premier that in the first phase, they are going to build 110,000 units in Quetta and Gwadar. Also, 19,000 apartments would be built in 4 different projects in the federal capital.
Dr. Zeb told the prime minister that the task force has prepared draft legislation for the establishment of Naya Pakistan Housing Authority, foreclosure laws and housing specific loans recovery procedures, and has sent the Cabinet Committee for Legislative Cases for its consideration.
He hoped that all codal formalities for the establishment of Naya Pakistan Housing Company would be completed during this week.
He said the Housing Ministry was soon going to sign a Memorandum of Understanding (MoU) with the Balochistan government to start various housing projects in the province. He informed PM Khan that they were going to establish 5,000 apartments in Quetta’s Wahdat Colony, 55,000 in Gwadar and 54,000 apartments in Fisher Colony.
Khan was further told that 3,000 units would be constructed in AJ&K in addition to 19,000 units in Islamabad.
Secretary Housing said the ministry had acquired a land new Chaklala from CDA where 30,000 apartments would be built.
Prime Minister Imran Khan expressed satisfaction on the steady progress of NPHP and on the fact that international investors are taking a keen interest in the project.