New Pakistan Housing Programe has no link with previous govt housing schemes: Minister

News Image

MG News | October 11, 2018 at 01:18 PM GMT+05:00

0:00

October 11, 2018: Minister for Housing and Works Chaudhry Tariq Bashir Cheema on Thursday said that New Pakistan Housing Programme has formally launched pilot project of five million houses across the country and the project had no link with the previous government housing schemes.

Talking to a news channel, he said that the mega project of housing has great attraction for foreign and local investors and hopefully many international housing construction companies would invest.

Tariq Cheema apprised that the Prime Minister would monitor the mega project and initially it is being launched in seven districts of the country including Islamabad, Faisalabad, Sukkur, Swat, Quetta, Gilgit-Baltistan and AJK.

A 17-member task force would finalize the recommendations within 90 days regarding construction of houses in different parts of the country, he added.

He said the housing project would have different categories of houses with different prices. Grade 1 to 16 employees would be eligible to apply.

There will be one window operation and Federal Government has asked the provincial governments to establish housing authorities at provincial level.

in responce to a question, he said that the government has launched a crackdown against land mafia across the country and further amendments were being made in law to crush these types of mafias from the country.

The minister claimed that unfortunately well-educated and sober personalities have occupied government houses, adding that over 17,000 people are living in official residences while around 26,000 applications were still pending for accommodation. This is an important step taken by the government since in past, many housing schemes had failed to deliver on time.

"Prime Minister Imran Khan is working with full passion and wants to deliver something valuable to the public, therefore he will look after all the matters regarding the housing authority." He added that, "This project would benefit the low income class of the country."

He said the federal government had asked the provincial governments to submit details of free-land of the government in the different parts of the country.

The minister stated that due to this mega housing project, millions of jobs will be generated and hopefully unemployment will be reduced since over 40 industries have business links with th sector.

He said the government was also seeking a permanent solution for the slum areas.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 161,729.40
196.33M
-0.66%
-1073.76
ALLSHR 98,197.21
679.76M
-0.66%
-655.21
KSE30 49,088.06
90.31M
-0.83%
-409.29
KMI30 231,921.13
61.32M
-1.11%
-2597.89
KMIALLSHR 63,970.32
272.66M
-0.84%
-539.83
BKTi 45,197.63
35.25M
-1.10%
-502.10
OGTi 31,084.42
3.80M
-1.34%
-421.87
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 104,550.00 107,770.00
104,095.00
-2520.00
-2.35%
BRENT CRUDE 63.99 64.80
63.97
-0.90
-1.39%
RICHARDS BAY COAL MONTHLY 86.00 0.00
0.00
0.30
0.35%
ROTTERDAM COAL MONTHLY 96.80 0.00
0.00
0.55
0.57%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.14 61.03
60.12
-0.91
-1.49%
SUGAR #11 WORLD 14.61 14.72
14.60
-0.04
-0.27%

Chart of the Day


Latest News
November 04, 2025 at 12:26 PM GMT+05:00

aik by BankIslami goes cashless with Shariah QR


November 04, 2025 at 12:16 PM GMT+05:00

Pakistan urges OIC for trade, green growth


November 04, 2025 at 12:00 PM GMT+05:00

Gold price in Pakistan falls Rs3,500 per tola


November 04, 2025 at 11:52 AM GMT+05:00

PIDC positioned as key driver of Pakistan’s industrial growth


November 04, 2025 at 11:02 AM GMT+05:00

Oilboy Energy expands trading, strengthens operations



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg