PM Khan directs to ease process for low-cost housing projects
ISLAMABAD: Prime Minister Imran Khan Thursday said over 70,000 housing projects worth 1.4 trillion rupees have been approved which will have an overall impact of 7.3 trillion rupees on the construction industry and will create 1.2 million jobs.
He was chairing a meeting of the National Coordination Committee on Housing, Construction and Development in Islamabad.
Prime Minister Imran Khan said it is Pakistan Tehreek-e-Insaf Government’s huge achievement that 35,420 out of the total 80,000 applications have been approved and a total of 46 billion rupees have been disbursed to 13,407 applicants so far.
He said 148 percent increase in housing finance during the last three years and expected approval of 517 billion rupees till December this year reflects the steps taken by the government to facilitate low-cost housing and construction industry.
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The prime minister said government committed to add one percent every year in the house financing.
The meeting was briefed that since 2018 161,924 housing units were approved out of which 45,191 units are under construction and 20,898 have been completed.
Prime Minister Imran Khan directed to complete the projects in the defined timelines and emphasized to take steps to improve and ease the process for low cost housing projects.
