Minister Imran Khan has said that a major housing project will be launched next month to provide five million housing units to the low-income segments of the society.
Addressing an international Housing Conference in Islamabad on Thursday, he said the private sector will be involved in the project.
Imran Khan said that constructing five million houses is a cumbersome task but once initiated the number of houses to be constructed will be increased every year.
He said the project will directly benefit forty different industries related with the construction business.
On this occasion, a Memorandum of Understanding was also signed between Pakistan and the World Bank for cooperation in the housing sector.
The prime minister said that government is devising a strategy to regularize Kuchi Abadi’s, adding that the Housing scheme is only for low-income segments of the society.
PM Imran said that providing 5 million affordable houses to in five years in government’s target. He informed that Malaysian and Chinese companies have shown a keen interest in the housing scheme. He said that the Housing Scheme will boost 40 pus industries in the country.
The PM said that the government will launch an operation against land grabbers and they will be put behind the bars, adding the relevant departments have been directed to provide details in this regard.
