Islamabad: International and local companies working under the Naya Pakistan Housing Programme are bound to hire local labourers and procure locally produced raw materials. Senate Standing Committee for Housing and Construction, headed by Senator Mir Kabir Muhammad Shahi was informed.
Federal Minister for Housing and Work,s Chaudhary Tariq Bashir Cheema informed the committee that Pakistan faced a shortage of ten million houses. The State Bank was asked to allocate five percent share for housing sector in the planned increase in loan base. He shared that both local and international companies will be invited to invest in Naya Pakistan Housing Programme and that many Chinese companies had already contacted for investing in the programme. The Federal Minister for Housing and Works also shared that the programme has been extended to Quetta and Islamabad as well. He added that houses under the programme are not for free but aimed at low-income families.
Chairman Prime Minister’s Task Force on Housing, Zaigham Rizvi informed the standing committee that an information repository will be setup to determine availability of land in different areas. Twelve cities in Punjab have been finalized for Naya Pakistan Housing Programme while a task force is ready to survey Khyber Pakhtunkhwa, he added.
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