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PM to perform ground-breaking of housing projects in Quetta, Islamabad

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ISLAMABAD: Prime Minister Imran Khan this month will perform ground-breaking ceremony of two housing projects in Islamabad and Quetta under his Naya Pakistan Housing Project, said a statement without giving the exact date.

Naya Pakistan is an ambitious plan of building five million houses during the next five years.

According to the statement the decision was taken during a meeting to review progress on Naya Pakistan Housing Project.

The Prime Minister was informed that under the program, 110000 units would be constructed in Quetta and Gwadar while 19000 apartments would be built in four different projects located at various places in Islamabad in the the first phase.

The prime minister was informed that draft legislations for establishment of Naya Pakistan Housing Authority, foreclosure laws and housing specific loans recovery procedures have been forwarded to the Cabinet Committee for Legislative Cases for its consideration.

In the briefing on the project he was told that all formalities for establishment of Naya Pakistan Housing Company would be completed during the current week.

Giving details of various housing projects being undertaken in the first phase of Naya Pakistan Housing Program (NPHP), Secretary Housing informed the prime minister that the Housing Ministry will be signing an MoU with the Government of Balochistan for various housing projects at Quetta (5000 apartments in Wahdat Colony), Gwadar (55,000 apartments) Fisher Colony (54000 apartments) and other places of the province.

In Azad Kashmir  3,000 units would be constructed whereas 19000 units would be built in Islamabad in the first phase.

The prime minister  was informed that another important project involving construction of 30,000 apartments on CDA land near Chaklala was also being undertaken.

Another project on the prime land of G13/14 sector with a potential of 6000 apartments was also being vigorously pursued.

The Prime Minister expressed satisfaction over the steady progress being made in the Naya Pakistan Housing Program and the huge interest being shown by the international investors.

 The Prime Minister said that NPHP, besides bridging demand and supply gap in the housing sector, will also act as a stimulus for the overall growth of economy.

Recounting various steps being taken by the Government to facilitate foreign investors in construction business, including grant of permission for erecting high-rise buildings, the prime minister observed that focus on technology transfer, employing the services of local industries and utilizing local work force would not only create huge job opportunities but would also boost all sectors associated with the construction industry.