Pakistan Housing Authority (PHA) has completed 5,348 housing units across the country so far while 5,915 housing projects are still on going and will be completed in their stipulated time, said an official source related to the authority.
The main purpose of PHA is to eliminate the non availability of shelter through the development and construction of apartments for low income groups, federal government employees, employees of the Foundation and other specified groups of people as decided by the Foundation from time to time, on an ownership basis and at an affordable cost.
Prime Minister Housing Authority (PMHA) was established on May 18, 1999 after which it was renamed as Pakistan Housing Authority in March 2000 whereas in January 2012, PHA was incorporated by the Securities and Exchange Commission of Pakistan as PHA Foundation under the Companies Ordinance, 1984.
According to the official source, PHA has around 13 future projects planned across the country with a special focus on Balochistan and the recently merged areas in Khyber Pakhtunkhwa and Federally Administered Tribal Areas.
It has always been a mission of PHAF to provide high quality and state-of-the-art buildings but at low and affordable prices, said the source.
After successful provision of Ground plus 3 building apartments, PHAF is now striving at constructing high-rise buildings. Construction of PHA-Maymar Towers in Karachi is the first endeavour in this respect.
PHAF has also initiated projects for provision of houses and open plots. The comfort and ease of allottees has always been the focus of PHAF, therefore, regional offices have also been established in Lahore and Karachi, he said.
(APP)
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