President promulgates Naya Pakistan Housing and Development Authority Ordinance, 2019
President Dr. Arif Alvi has promulgated Naya Pakistan Housing and Development Authority Ordinance, 2019 to provide for housing and real estate development and other activities related to land and construction.
Under the ordinance, Naya Pakistan Housing and Development Authority will be established for the purposes of planning, development, construction and management of real estate projects.
The Prime Minister shall be the patron of the authority and shall review its performance and give general policy directions.
The patron shall constitute the policy board comprising not less than five and not more than 11 members, including chairman for a term of five years.
The authority shall identify immovable properties and projects suitable for development of housing schemes.