ISLAMABAD – Foreign banks keen to invest in government ‘s mega project of‘Naya Pakistan Housing Programme’ (NPHP) announced by Prime Minister ImranKhan.
Whlie talking to media, Government spokesperson on Economy andEnergy Dr Farrukh Saleem has appreciated to the government for initiating‘Naya Pakistan Housing Programme’ said that the programme will facilitatethe masses and would help to boost various sectors of national economy.
He explained about the benefits of the programme and said that the WorldBank will invest in mortgage business that will start in this regard and itwould be proved huge economic driver too.
He emphasized that ten million houses are required to be constructed inPakistan as a common man wants to construct his own house but impossiblefor him in limited resources adding the government having a solid andcomprehensive strategy regarding this programme.
To a question, he said the government’s role is as a facilitator in thisprogramme with no plan for investment, adding that one window operation hasplaned while private sector will do mortgage financing and builder.
Responding to a question, he said in this 5 million houses programmes, thegovernment has decided to construct 40 percent houses in rural areas, 40percent in urban and 20 percent in slums areas respectively, as land hasalready available in rural and slums areas adding that ‘public-privatepartnership and private-private partnership’ will further support and sharethe government’s responsibility for finalizing the programme.
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He further said the government is committed to facilitate the masses andformulate various policies to provide jobs to youth as 100 textile millswill be revived in near future which were remained closed from a long timedue to high prices of gas.
Farrukh Saleem said the government has decided already to providesubsidiary to industrial sector including textile, carpets, sports,surgical instruments industries.
He said that due to failed policies of former governments, the nationaleconomy is facing various challenges and now the government is takingserious steps for the revival of industries to enhance the export for thedevelopment and prosperity of the country. – APP
