ISLAMABAD: PM Imran Khan on Monday launched the second phase of registration for the Naya Pakistan Housing Programme.
The program is aimed at providing affordable housing units to the low-income segments of the country.
The objective of countrywide registration process by the Pakistan Housing and Development Authority is to collect data of the public demand for the housing across the country and launch projects in accordance with the needs.
While addressing the registration ceremony of the project in Islamabad, the prime minister said that housing sector in Pakistan has lagged behind the regional countries due to lack of mortgage facilities to people by banks.
He said housing is a basic need and there is a demand of 10 million housing units in the country, but salaried class is not able to build their homes due to lack of resources.
The PM said that affordable housing will be provided to people who otherwise are not able to bear the high costs of constructing a house.
“An ordinance related to foreclosure laws will be put before cabinet for approval to pave the way for housing finance,” the PM asserted.
The ceremony was attended by Minister for Economic Affairs Hammad Azhar, special assistants Dr Firdous Ashiq Awan and Naeemul Haq, Naya Pakistan Housing Authority Chairman General (retd) Anwar Ali Hyder, Secretary Housing Dr Imran and senior government officials.
