The prime minister will launch the project in the end of February.
Lahore (Pakistan Point News – 19th January, 2018) The work on the construction of 25,000 housing units at Federal level in Lahore and Islamabad under Naya Pakistan Housing Project would commence soon.
According to details, the prime minister will launch the project in the end of February.
Prime Minister Imran Khan has started preparations to inaugurate the project. Special teams have also been constituted to generate funding for the project.
The prime minister chaired a meeting to review the progress on Naya Pakistan Housing Project on Friday.
The meeting was attended by Provincial Ministers Mian Mehmood-ur-Rashid, Abdul Aleem Khan, Chairman Housing Task Force Zaigam Naqvi, Secretary Housing Imran Zaib Khan and other officers.
The Prime Minister was updated on the progress of legal and administrative measures taken so far regarding the implementation of Naya Pakistan Housing Project.
He was informed that with the work on the establishment of Naya Pakistan Housing Authority almost completed, Bill for the establishment of Real Estate Regulatory Authority has also been finalized with the approval of Task Force and the Ministry of Law.
The Prime Minister was further informed that financing model for the purchase of houses and the work on tax rebate in this respect was in the finalization stage, and announcement to this effect would be made soon.
The Prime Minister, who was also updated about the progress on foreclosure laws, directed for early finalization of the foreclosure laws with the assistance of Attorney General of Pakistan.
Provincial Minister for Housing Mehmood-ur-Rashid told the Prime Minister that work on the housing project in Renala Khurd, Chishtian and Lodhran would be started soon.
The meeting decided to establish a Special Cell at the board of Investment to guide and assist the foreign investors about the housing project.
The Prime Minister directed to keep the masses continuously updated about the progress onHousing Project.
