World Bank to work with Pakistan in housing sector

Islamabad: The World Bank and the Government of Pakistan have signed a Memorandum of Understanding (MOU) for cooperation in housing sector. The MOU was signed at an International Housing Conference in Islamabad. Prime Minister Imran Khan addressed the conference and shared updates on Naya Pakistan Housing Scheme.

invest with imarat

Islamabad’s emerging city centre

Learn More

Prime Minister Imran Khan highlighted the impact of low-cost housing  to the low-income segment of the society. The Prime Minister announced that Naya Pakistan Housing Scheme will be launched next month. Under the Naya Pakistan Housing Scheme five million low-cost housing units will be built. The houses will be built by the private sector with full support from the government. He revealed that Malaysian and Chinese companies had shown interest in the Naya Pakistan Housing Scheme. He added that the Naya Pakistan Housing Scheme will directly benefit 40 industries related to the construction sector.

The Prime Minister shared his vision for urban planning and land regularization. He said that slums across all major cities including Islamabad will be regularized. However the houses of the poor people will not be demolished. He said that low-cost housing will be constructed in the tribal districts through micro-financing.

Regarding urban development the Prime Minister reiterated that any further development in urban centers will be vertical for more efficient and smarter city management.

Prime Minister Imran Khan said that state land worth over rupees five hundred billion had been recovered from land mafia to-date. He said that all recovered land will be recorded in a central land bank.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

1 day ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago