PM launches affordable housing project under Naya Pakistan Housing Scheme

Prime Minister Imran Khan has broken ground on a new residential building in Islamabad as part of the Naya Pakistan Housing Programme in a bid to facilitate the underprivileged in owning properties.

Addressing the ground breaking ceremony of Farash Town Apartments PM Imran Khan said that his government is determined to provide subsidized houses to those who can’t afford it and banks are not willing to give loans to poor people. He said negotiations are continuing with the banks to remove any impediments in providing loans to the people on easy installments.

The stipulated time to complete this project is 2 years and the project envisages to provide 2,000 flats to underprivileged sector of society.

Premiere lamented the public’s difficulty in acquiring housing loans from banks, which, he said, had not been in the practice of lending out money for housing.

Further shedding light over the significance of the development projects, he said that the ML-I project will link Pakistan with Central Asian countries.

He also stated that a plan has been prepared to transform the condition of slums and equip them with the modern facilities including that of sanitation and sewerage. It was mentioned that the houses will be provided to the slum dwellers on proprietary rights.