Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Govt speeds up work on building 500,000 houses .
11-11-2013, 12:41 PM
Post: #1
Govt speeds up work on building 500,000 houses .
Govt speeds up work on building 500,000 houses .

ISLAMABAD, Nov 10 (APP): The government has speeded up work to meet the growing demand of the houses and it would build 500,000 housing units during its constitutional tenure. Pakistan Muslim League (Nawaz) government is all set to launch a housing scheme at affordable cost for the low income segment of the society. The federal government in its first annual budget for financial year 2013-14 has allocated Rs 3.5 billion to make the dream true by providing houses across the country. Pakistan Housing Authority (PHA) has also launched several housing schemes in various parts of the country under the Prime Minister Housing Programme with an aim to provide housing facilities to Federal Government Employees and general public at affordable cost.
Official sources told APP that Prime Minister Muhammad Nawaz Sharif has already declared provision of shelter a priority of the government to solve the growing housing problems, while ensuring provision of affordable and cost-effective housing units to the masses during a high profile meeting.
The objective behind the scheme is to provide subsidized financing to first-time house owners. The meeting recommended that the Participating Financial Institutions (PFIs), which are Banks and HBFCL, would give financing from Rs. 1.5 million to Rs 5 million to the eligible people.
According to the proposed housing policy of incumbent regime, initially out of total 10,000 colonies, 2,500 housing units, 500 each in provincial and federal capital would be built.
The Ministry of H&W is making out all its efforts to complete the policy framework - assigned to the working groups made under Steering Committee - so that the Prime Minister would launch pilot projects of 500 housing units in each provincial capitals in December 2013.
To accomplish this gigantic task through Public Private Partnership the minister for Housing and Works Usman Ibrahim also discussed the project in a meeting with representatives of China Railway First Group Co. Ltd. (Pakistan) (CRFG) and desired the willingness of present government to join hands with committed partners.
CRFG showed their willingness to assist the Housing Ministry and interested to undertake the project, ready to offer expertise and experience in making designs and arranging soft term financial loans on mutual agreements.
During the meeting it was decided that CFRG will discuss their terms and conditions with National Construction Limited and after mutual consent, a MoU will be signed between CFRG and the Government of Pakistan regarding the project.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  CDA demolishes 48 houses in Park Enclave-I LRE-Azan 0 555 05-20-2023 04:28 PM
Last Post: LRE-Azan
  Dilkash lahore: Building demolished Salman 0 4,371 01-17-2014 05:32 PM
Last Post: Salman
  Action initiated against building inspector Salman 0 5,644 12-03-2013 04:38 PM
Last Post: Salman
  Houses For Sale In Defence Lahore Salman 0 73,009 07-03-2013 06:46 PM
Last Post: Salman
  Safety Code of Building By-Laws Must Be Implemented Salman 0 3,777 05-29-2013 11:44 AM
Last Post: Salman
  Constructions on Islamabad farm houses Salman 0 4,091 05-20-2013 12:23 PM
Last Post: Salman
  Punjab govt to give relief for building plan, commercialisation Salman 0 4,920 05-20-2013 12:19 PM
Last Post: Salman
  CDA seals four houses on building by-laws violations Salman 0 3,879 03-06-2013 08:45 PM
Last Post: Salman
  Building plan violations cause huge losses to RDA Salman 0 3,606 02-28-2013 03:02 PM
Last Post: Salman
  Developers directed to follow building rules Salman 0 5,031 01-23-2013 01:20 PM
Last Post: Salman
  KMC building four flyovers without Sepa approval Salman 0 4,173 12-24-2012 12:17 PM
Last Post: Salman
  CDA Deems Monetisation Of Govt Houses Unrealistic Salman 0 2,924 12-12-2012 02:04 PM
Last Post: Salman
  CDA to seal houses being used for commercial purposes Salman 0 3,593 10-20-2012 01:04 PM
Last Post: Salman
  Building Control Authority: Not many takers for Punjab govt’s divisional setup Salman 0 4,814 10-10-2012 11:40 AM
Last Post: Salman
  DHA sets up cell for building plan approval Salman 0 5,076 08-16-2012 11:39 AM
Last Post: Salman
  Development work in rural areas govt’s top priority: Mehtab Dehar Salman 0 5,251 08-06-2012 12:50 PM
Last Post: Salman
  Building authority plan sent for nod Salman 0 4,026 08-06-2012 12:37 PM
Last Post: Salman
  Five-marla houses given tax exemption Salman 0 8,999 06-15-2012 01:50 PM
Last Post: Salman
  Building works in Zulfikarabad to start next month Salman 0 3,579 05-31-2012 01:14 PM
Last Post: Salman
  CDA may not amend building bylaws Salman 0 3,469 04-12-2012 01:14 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)