ISLAMABAD – Prime Minister Imran Khan says government will facilitate theconstruction sector to help provide housing facility to the people.
Addressing a ceremony in Islamabad today (Wednesday) after ground breakingof construction of 20,000 housing units in seven projects, he said theconstruction of houses will be undertaken by private sector and thegovernment will provide it full facilitation in this task.
Appreciating the decision of Lahore High Court on foreclosure laws, he saidthis step will revolutionize the housing sector in Pakistan.
He said in Pakistan the housing financing is 0.2 percent, which is very lowcompared to many regional and international countries.
The Prime Minister said he realizes the interest rate is quite high but itwas necessary to contain inflation and deficits.
However, the financial situation has improved in recent months and it willnow be easier for people to construct homes after taking loans from banks.
Imran Khan said the government is taking steps to facilitate theconstruction sector by removing bottlenecks and impediments in their way.
Read Top Stories
The Prime Minister said the Naya Pakistan Housing Authority will not onlyprovide housing facility to federal employees, but will also give strengthto forty industries allied with the construction sector, and creatingemployment opportunities for youth.
Defending the vertical housing concept, the Prime Minister said new masterplans of the cities will cater to the availability of green areas and landfor farming and other activities.
The Prime Minister said the proceeds obtained from launching of Blue Areain Islamabad and two other commercial projects in other cities will be usedto accommodate people of slums and shanty areas, so that they get a decentliving in vertical housing units.
He said a uniform syllabus will be introduced in the country’s schools bynext year, in order to remove different cultures in the country.
