Naya Pakistan Housing Scheme: PM Imran performs ground-breaking near Okara

LAHORE: Naya Pakistan Housing Scheme was launched in Renala Khurd near Okara city in Punjab by Prime Minister Iman Khan on Saturday  .

Speaking at the ceremony, he  said that despite difficult economic situation, the present government has embarked upon the project to construct five million houses in its five years stint.

He said the private sector will invest in this mega project while the government will play the role of facilitator. Imran Khan said several foreign companies have shown interest in the housing sector and are willing to invest in the project.

He said the scope of the housing project will be spread to the whole country. 

The prime minister expressed the hope that the project will gather pace with each passing year.

He said  Naya Pakistan Housing Authority has been established and all the hurdles in the way have been removed with amendments in the rules and regulations of State Bank of Pakistan. 

Prime Minister Imran Khan said the Naya Pakistan Housing Scheme  will enable the youth to establish construction companies. 

"This mega project will uplift forty industries allied to the construction which will generate economic activity and job opportunities for the youth," said he.

Imran Khan said the government intends to introduce a program for "Katchi Abadies'. 

He said these slums will be converted into flats where people will have access to basic amenities including water, electricity and sewerage.

Naya Pakistan Housing Scheme 

The registration process for the ambitious program started in October last year.

Naya Pakistan Housing Scheme envisages construction of five million affordable houses for under privileged segments of the society during the next five years.

Punjab cabinet has approved release of five billion rupees to the Punjab Housing and Town Planning Agency for the Naya Pakistan Housing Scheme.