PM Khan gives 2 week deadline for housing plan

News Image

MG News | September 10, 2018 at 05:05 PM GMT+05:00

0:00

September 10th, 2018: Prime Minister Imran Khan Monday gave a two-week deadline to the Ministry of Housing to finalize a comprehensive plan for early roll out of the ambitious plan for the construction of five million low-cost houses.

Chairing a meeting at the PM Office to review progress on the project promised by the party in its election manifesto, Imran Khan said he would personally look after the initiative to ensure smooth implementation of the project and removal of any administrative bottlenecks.

He asked the committee for finalization of its recommendations and formulation of a plan of action with definite time-lines for the launch of the ambitious housing program.

The prime minister had setup the committee last week, under the Secretary Housing and Works to study international models and to come up with a road-map, in consultation with experts and representatives of concerned departments.

Prime Minister Imran Khan said low-cost housing with all basic facilities and regularization of slums was the foremost priority of his government.

 He said construction of affordable housing initiative would not only provide shelter to the homeless but would generate a huge economic activity by creating millions of jobs and boosting allied industries.

Secretary Housing briefed the Prime Minister about the present situation regarding the annual demand and shortfall of the housing sector.

He also identified various options regarding availability of land bank, raising of required finances through different sources and undertaking administrative and legal measures to encourage private sector and the foreign investors to undertake the initiative of construction of five million houses.

The Prime Minister said that besides the availability of vast state lands across the country, utilization of prime land of the state guest houses and other government owned accommodation and properties in Punjab and Khyber Pakhtunkhwa alone could generate billions of rupees for the Housing Scheme.

He directed the committee to finalize recommendations and come up with a comprehensive plan of action for early roll out of the Program.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 139,533.75
19.56M
0.81%
1121.50
ALLSHR 86,410.88
44.23M
0.83%
707.92
KSE30 42,592.24
9.80M
0.80%
337.40
KMI30 196,038.39
10.34M
0.99%
1928.80
KMIALLSHR 57,317.81
17.17M
1.07%
604.14
BKTi 38,060.64
1.81M
0.61%
229.30
OGTi 28,010.47
4.53M
2.08%
569.84
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,175.00 119,430.00
117,905.00
1555.00
1.32%
BRENT CRUDE 72.28 72.82
72.26
-0.96
-1.31%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.89 70.41
69.88
-0.11
-0.16%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News
July 31, 2025 at 09:42 AM GMT+05:00

NBP issues foreign exchange rates


July 31, 2025 at 09:36 AM GMT+05:00

Asian Markets mixed amid trade tensions


July 31, 2025 at 09:12 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 30, 2025 at 09:36 PM GMT+05:00

Pakistan advances into the era of digital economy



Top 5 things to watch in this week

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