{"id":3424,"date":"2022-09-14T17:56:29","date_gmt":"2022-09-14T12:56:29","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=3424"},"modified":"2022-09-14T17:56:29","modified_gmt":"2022-09-14T12:56:29","slug":"pakistans-urban-areas-face-a-looming-housing-crisis-wb","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/pakistans-urban-areas-face-a-looming-housing-crisis-wb\/","title":{"rendered":"Pakistan&#8217;s Urban Areas Face a Looming Housing Crisis: WB"},"content":{"rendered":"<p>ISLAMABAD: Pakistan&#8217;s urban areas face a looming housing crisis, with 47 percent of households living in overcrowded housing units in informal settlements with inadequate infrastructure and services, says the World Bank.<\/p>\n<p>The Bank issued a report, &#8220;<a href=\"https:\/\/documents.worldbank.org\/en\/publication\/documents-reports\/documentdetail\/099405409092221888\/idu091bb473d08344043b70a61908615c12d04c3\" target=\"_blank\" rel=\"noopener\">Behind on Rent or Left Behind: Measuring Housing Poverty in Urban Pakistan<\/a>,&#8221; in response to the growing housing shortage.<\/p>\n<p>The report pointed out that the government of Pakistan launched Naya Pakistan Housing Program (NPHP) in April 2019 with the goal of providing 5 million housing units across the country in five years, with a priority for those in lower income brackets for whom affordable housing is out of reach.<\/p>\n<p>As per the report, Housing is considered unaffordable if it consumes more than 30% of a household&#8217;s total income, according to the 30 percent rule (the &#8216;ratio&#8217; method).<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/world-bank-repurposes-300-mn-for-flood-affectees\/\" target=\"_blank\" rel=\"dofollow\" class=\"ube4b4644691ab011fba3c8700a4c4ea7\"><style> .ube4b4644691ab011fba3c8700a4c4ea7 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .ube4b4644691ab011fba3c8700a4c4ea7:active, .ube4b4644691ab011fba3c8700a4c4ea7:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ube4b4644691ab011fba3c8700a4c4ea7 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ube4b4644691ab011fba3c8700a4c4ea7 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .ube4b4644691ab011fba3c8700a4c4ea7 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .ube4b4644691ab011fba3c8700a4c4ea7:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">World Bank Repurposes $300 Mn for Flood-Affectees<\/span><\/div><\/a><\/div>\n<p>This benchmark, however, is arbitrary and does not take into account variations in the cost of living or individual preferences, it said.<\/p>\n<p>The Residual Income Method (RIM) has been proposed to determine whether households have enough &#8216;residual&#8217; income after paying for housing to meet their basic needs.<\/p>\n<p>Furthermore, a provincial breakdown also reveals significant differences between the two methods. In urban Khyber-Pakhtunkhwa, the rate of housing unaffordability nearly doubles when the housing poverty metric is used.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan&#8217;s urban areas face a looming housing crisis, with 47 percent of households living in overcrowded housing units in informal settlements with inadequate infrastructure and services, says the World Bank. The Bank issued a report, &#8220;Behind on Rent or Left Behind: Measuring Housing Poverty in Urban Pakistan,&#8221; in response to the growing housing shortage. The report pointed out that the government of Pakistan launched Naya Pakistan Housing Program (NPHP)\u2026<\/p>\n","protected":false},"author":3,"featured_media":3425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/09\/631f963187427.jpg",1024,768,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/09\/631f963187427.jpg",1024,768,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2022\/09\/631f963187427.jpg",1024,768,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"Pakistan\u2019s Urban Areas Face a Looming Housing Crisis: WB","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=3424","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/3424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=3424"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/3424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/3425"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=3424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=3424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=3424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}