Lahore: Punjab Minister for Housing and Urban Development Mian Aslam Iqbal has asked the provincial concerned departments to set up a special overseas investment cell to increase non-Resident Pakistanis’ (NRPs’) participation in the housing sector, news sources reported on August 13.
The cell aims to boost NRPs investment in low-cost housing developments developed under the Naya Pakistan Housing Programme (NPHP). According to the minister, the involvement of NRPs would be significant since it would provide foreign exchange to the country, bolstering its economy. On the occasion, the minister assessed the progress of the different housing plans established under the NPHP. He stated that no delays in the project’s completion would be tolerated. He stated that the projects are for the public good and must thus be completed on schedule in order to provide relief to the people. He was also briefed on numerous efforts and issued needed directives.
It must be highlighted that the government launched NPHP in 2019 to resolve the housing crisis in the country. Under the project, the government launched numerous low-cost housing projects and provided mortgage financing through banks.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
