National

PM Imran Khan inaugurates ‘Naya Pakistan Housing Scheme’

By Web Desk, BOL News

11th July, 2019

Prime Minister Imran Khan said that the Naya Pakistan Housing Scheme will be expanded to all across the country.

Addressing a ceremony on Thursday after laying foundation stone of Naya Pakistan Housing project in Islamabad Zone-IV, he said that the aim of this scheme is to provide the chance to those people who cannot buy their houses.

PM Imran Khan went on to say that the housing units will be built on public-private partnership basis whereas the government will provide land and the private sector will construct housing units.

PM said, “18,500 housing units will be built on this site, of which 10,000 will be allocated to people with lower income background. He said balloting will be held to choose the eligible people keeping in view the large number of applicants. The project is expected to be completed in one and half year time.”

The prime minister said that the number of people availing credit from banks for constructing their houses is very limited as mortgage practice is not very common in Pakistan s banking system.

Imran Khan further added that Naya Pakistan Housing Program will enable government servants and other people to get house at affordable installments.

The premier also vowed to provide housing facility to poor people living in shanty areas and slums of the country. He said two slums areas in Islamabad have been identified to start the project with.


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