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Islamabad: Mega housing project in the offing

ISLAMABAD: The Ministry of Housing and Works is finalising modalities to start work on a gigantic project of one million housing units throughout the country.

Prime Minister Syed Yousuf Raza Gilani had made the announcement in his maiden speech in the National Assembly. Federal Minister for Housing and Works Rehmatullah Kakar is holding a series of meetings with the stakeholders to finalise modalities for the project of national importance.

The Minister has directed the officials of the ministry to identify government land throughout the country so that construction work on the project could be started. According to official sources, under the plan one million low cost houses will be constructed throughout the country to overcome the acute shortage of housing units. The scheme also includes federal government employees.

Foreign companies have shown keen interest to invest in housing sector in Pakistan, the sources said, adding that talks with representatives of Spain, China, UAE and England based firms have been held.

The sources said that PHA has recently been tasked to undertake housing schemes for the officers of Federally Constituted Occupation Groups and for the low paid employees of the federal government.

The federal government employees in the country in general and in the federal capital in particular are facing a lot of problems due to shortage of government houses and there is dire need to launch mega housing schemes for them on war footing, they said.

These housing unites would be constructed for officials/officers in order of preference of three cities out of four provincial capitals and federal capital.
The sources said that a chain of about 37,000 houses for the low-paid FG employees on ownership basis would be built in the Federal Capital.

They said that a similar project is being initiated in Punjab metropolitan for the FG employees from Grade-1 to 16 on ownership basis while such projects would also be initiated in all the four provincial headquarters to meet shortage of housing units for federal government employees.

The FG employees would get loans from the House Building Finance Corporation, they added. The sources added that the Ministry of Housing and Works is working on war footing to materialize the scheme to meet shortage of houses in the country.

Source:  APP

Islamabad: Mega housing project in the offing
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Islamabad: Mega housing project in the offing
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