Islamabad: Prime Minister Imran Khan on Tuesday stressed the formation of a real estate regulatory authority – a news source reported.
He was chairing a meeting to review progress on the Naya Pakistan Housing Programme (NPHP). The participants discussed matters pertaining to the acquisition of funds for the project.
The finance ministry and the central bank (SBP) will provide incentives to the banks providing house building finance facilities. Details of these incentives will be shared with the financial institutions concerned.
The prime minister said that NPHP will facilitate low-income groups. He said that the construction of low-cost residential units will help address the problem of shortage of houses.
He directed the authorities concerned to facilitate low-income groups in every possible way. He said that NPHP will help address the country’s economic concerns, and provide jobs to the unemployed.
Under NPHP, the government plans to construct five million low-cost houses in the next five years. At least 6,000 houses will be constructed under phase one of the programme in Lodhran, Renala Khurd, and Chishtian.
