Islamabad: The Senate on Tuesday passed ‘The Naya Pakistan Housing & Development Authority Bill, 2019’ for facilitating the development and construction of real estate projects, housing schemes and other development initiatives, a news source reported. Minister for Parliamentary Affairs Azam Swati tabled the bill on behalf of Housing and Works Minister Tariq Bashir.
The National Assembly, during a session held on December 10, 2019, had passed the bill; which was referred to the Senate on December 13, 2019, for further debate. President Arif Alvi is expected to authorise the bill into a law soon, since it has been approved by both houses of the parliament.
The bill aims to identify immovable properties and projects and suggests the federal government to procure those immovable properties through legal means. It also recommends transparent measures and procedures for ‘registration, membership, possession, transfer, and cancellation of immovable property in any scheme’. Further, the bill envisages philanthropic objectives, in addition to facilitating low-income families in their efforts aimed at availing affordable housing utilities.
