ISLAMABAD: Prime Minister
Imran Khan on Monday called for further
speeding up the
process of
Naya Pakistan Housing Project so that implementation work on the
Project could be started earlier.He also directed the provincial governments to dispose of the pending legal cases about the properties, with all relevant documentation, within the next 90 days.The Prime Minister was chairing a meeting on New
Pakistan Housing Project during which he was given a detailed briefing by the
Housing Task Force on the progress of the
Project so far.Khan said the
Project of constructing five million
Housing units stood top of the government’s projects, which would not only help address the
Housing problem in the country but also pace up the wheel of economy and create numerous job opportunities for youth.The Prime Minister was told that a draft for the establishment of New
Pakistan Housing Authority would soon be presented for cabinet approval.A draft for the establishment of Real Estate Regulatory Authority would also be presented within a week, after which the regularly work would be separated from that of development, it was informed.The Prime Minister was further informed that the interest rates proposed by the State Bank of
Pakistan would soon be shared with the members of the
Housing Task Force.It was further informed that after consultation with the relevant stakeholders, foreclosure laws would also be finalized within two weeks.The meeting was briefed about the progress on the construction of 1.5 million
Housing units for government servants under the Federal Government Employees
Housing Foundation (FGEHF).The meeting was informed that after the advertisement for Expressions of Interest (EOIs) on the construction of 1.5 million
Housing units, 41 companies had so far expressed their interest.The Prime Minister was informed that out of the 41 companies 25 companies had expressed their interest for constructing
Housing units at one site, while 14 others have expressed their interest for constructing
Housing units and providing land at different sites.
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