*ISLAMABAD – Foreign banks have shown keen interest to invest in megaproject of ‘Naya Pakistan Housing Programme’ (NPHP) announced by PrimeMinister Imran Khan, said government spokesperson on Economy and Energy, DrFarrukh Saleem.*
Talking to a state-run TV channel, Dr Farrukh Saleem said NPHP programmewill facilitate the masses and would help to boost various sectors ofnational economy.
Explaining about the benefits of the programme, he said World Bank willinvest in mortgage business and it would be proved as a huge economicdriver too.
To a question, he said the government’s role is as a facilitator in thisprogramme with no plan for investment.
Dr Farrukh said one window operation has planed while private sector willdo mortgage financing and builder.
Responding to a question, he said in this 5 million houses’ programme, thegovernment has decided to construct 40 percent houses in rural areas, 40percent in urban and 20 percent in slums areas.
The Spokesperson said the government is committed to facilitate the massesand formulate various policies to provide jobs to youth as 100 textilemills will be revived in near future which were remained closed from a longtime due to high prices of gas.
Farrukh Saleem said due to failed policies of former governments, thenational economy is facing various challenges and now the government istaking serious steps for the revival of industries to enhance the exportfor the development and prosperity of the country.
Prime Minister Khan launched the scheme named Naya Pakistan Housing Projectearlier this month under which five million houses would be constructed infive years.
In the first phase of the project, low-cost houses will be built in sevencities which include Islamabad, Sukkar, Gilgit, Muzaffarabad, Quetta, Swatand Faisalabad.