CCI approves conducting 7th population and housing census

ISLAMABAD: The Council of Common Interests (CCI) on Thursday approved conducting the 7th Population and Housing Census.  The approval was granted at the 49th CCI meeting held in Islamabad chaired by Prime Minister Imran Khan. The meeting also approved the

Construction sector uncertainty

The Supreme Court is adamant on demolishing the high-rise Nasla Tower located on one of the busiest thoroughfares in Karachi. Authorities have been scampering to show progress on demolishing the ill-fated building before earning the wrath of the top court.

Housing crisis and recession

The 2008 global financial crisis was a severe economic crisis worldwide. Before the current COVID-19 induced recession, it was considered the most serious financial crisis since the Great Depression. There were a wide range of reasons including excessive risk-taking by

Yellow cab and housing scheme

We all remember the yellow cab scheme launched by Nawaz Sharif in 1992 to provide employment. The former prime minister still boasts how he provided jobs to unemployed youth. The scheme failed badly. Now Prime Minister Imran Khan has launched

PM performs groundbreaking of housing project in Sargodha

ISLAMABAD: Prime Minister Imran Khan performed the groundbreaking of a low cost housing project under Naya Pakistan Housing Program in Sargodha. On the occasion, the prime minister was given a briefing on the project. Chief Minister Sardar Usman Buzdar was

PM to perform groundbreaking of Farash Town apartments in Islamabad today

ISLAMABAD: Prime Minister Imran Khan will perform the groundbreaking of Farash Town apartments in Islamabad today under Naya Pakistan Housing program. The Prime Minister will also speak on the occasion. On Monday, the Capital Development Authority (CDA) took possession of

ECC approves Rs2bn for PM’s low-cost housing scheme

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved Rs.5552.049 million Technical Supplementary Grants (TSG) for various ministries and divisions. A meeting of the cabinet committee chaired by Federal Minister for Finance and Revenue Hammad Azhar approved an amount

Naya Pakistan Housing program: Govt increases loan limit, reduces markup

ISLAMABAD: Prime Minister Imran Khan has decided to increase the loan limit of the Naya Pakistan Housing Scheme by 100 percent to ten million rupees to facilitate the masses and enable them to become homeowners. Taking to Twitter, PTI Senator

Growing housing needs

According to a UN report, Pakistan’s population is expected to reach 242 million by 2025. With the expected trajectory in population, the government will need to address the growing housing and urban needs before the situation worsens. The haphazard growth

Development of construction sector vital for economic stabilization: PM

ISLAMABAD: Prime Minister Imran Khan has said the development of the construction sector is vital for stabilization of the country’s economy. Chairing the weekly meeting of National Coordination Committee for Housing, Construction and Development in Islamabad, the prime minister said

AECHS management committee dissolved over misuse of power

RAWALPINDI: The management committee of the Airport Employees Cooperative Housing Society (AECHS) in Rawalpindi has been dissolved over misuse of power and corruption allegations. Circle Registrar Housing Cooperative Societies took action and dissolved the committee over misuse of power, violation

Karachi has special importance in development of construction sector: PM

ISLAMABAD: Prime Minister Imran Khan said Karachi being the commercial hub has special importance in the development of the construction sector. He was presiding over a weekly meeting of the National Coordination Committee on Housing, Construction and Development. The prime

SBP announces markup subsidy for affordable housing finance

KARACHI: State Bank of Pakistan had announced the markup subsidy for the construction and purchase of new affordable housing finance. This facility will allow all individuals, who will be constructing or buying a new house for the first time, to

‘Ertugrul’ actor refuses to work with housing society

ISLAMABAD: Turkish drama ‘Ertugrul Ghazi’ actor Engin Altan Duzyatan has reportedly cancelled his agreement as brand ambassador with the controversial Blue World City housing society. The Turkish interior ministry has reportedly informed Duzyatan about Pakistani media reports stating that Blue

Govt to launch Rs400 billion construction-related projects: Minister

ISLAMABAD: Minister for Information and Broadcasting Shibli Faraz has said construction-related projects worth Rs400 billion will be initiated in the last quarter of the current year. Addressing a news conference, the minister said Prime Minister Imran Khan is giving special

PM forms high-level committee on housing, construction

ISLAMABAD: Prime Minister Imran Khan has constituted the National Coordination Committee on Housing, Construction and Development. The objective of the committee is to coordinate and facilitate the government’s policy of promoting construction and development related activities, especially affordable housing projects

BOI launches portal for foreign investment in housing sector

ISLAMABAD: Board of Investment (BOI) has launched a portal for investment opportunities in the housing sector on its website to facilitate foreign companies interested in making investments in low-cost schemes and providing an effective one-stop shop solution. A simple ceremony

Frontman of Chairman Railways Society arrested in Karachi

KARACHI: Law-enforcement agencies have arrested the alleged frontman of Chairman Railways Society Abdul Khaliq Farooqi who is involved on encroachment and illegal constructions on lands belonging to the Karachi Circular Railway. Farooqi allegedly has made bogus documents of allotments that

KP housing minister tests positive for COVID-19

PESHAWAR: Khyber Pakhtunkhwa housing minister Dr Amjad Ali on Thursday confirmed that he has tested positive for the coronavirus. The minister said he had been suffering from cough and fever for the last few days and got himself tested for

Low-cost housing scheme in Islamabad’s Sector 1-5 remains incomplete

ISLAMABAD: The Capital Development Authority (CDA) has failed to complete a project providing affordable housing to low-income individuals in Sector I-5 since the past fifteen years. The delay has deprived 4000 people from receiving low-cost apartments. In 2003, an amount

CDA fails to control illegal construction in Jinnah Garden housing society

ISLAMABAD: The Capital Development Authority (CDA) has failed to control illegal construction in the Jinnah Garden housing scheme located in the federal capital. The Federal Government Employees Cooperative Housing Society at Jinnah Garden has handed over the construction to RSA

PM performs ground breaking of seven housing projects

ISLAMABAD: Prime Minister Imran Khan on Wednesday laid the foundation stone for the construction of 20,000 housing units in seven projects at the cost of Rs100 billion in Islamabad. Addressing the ground-breaking ceremony, the prime minister said this is just

PM orders to expedite work on low-cost housing projects

ISLAMABAD: Prime Minister Imran Khan declared 2020 as the year of employment and jobs, saying that the government finalised plans to provide greater relief to the people of Pakistan. Addressing an event for providing interest-free loans under Low-Cost Housing Scheme,

Affordable housing scheme

Prime Minister Imran Khan had promised to build five million low-cost housing units after coming to power culminating in the Naya Pakistan Housing Project. Now the ambitious project to provide affordable and decent housing is finally heading towards realisation. In

PM reviews progress on Naya Pakistan Housing Project

ISLAMABAD: Prime Minister Imran Khan, while reviewing progress on Naya Pakistan Housing Project for low-income citizens, termed the housing sector a priority for the government. The prime minister said said promotion of the housing sector would not only boost 40

Ambitious plan to build five million homes will solve nation’s housing problem, Rizvi

BANGKOK: An ambitious venture to build five million affordable homes within the timeframe of five years in Pakistan will tap student architects and use local materials and improved technologies to keep costs low, a senior government official said on Thursday.