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.