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Foreign Banks Keen To Invest In Naya Pakistan Housing Programme

Naya Pakistan Housing Programme

Foreign banks keen to invest in government‘s mega project of Naya Pakistan Housing Programme (NPHP) announced by Prime Minister Imran Khan. While talking to state owned media representative on Economy and Energy Dr. Farrukh Saleem has appreciated to the government for starting Naya Pakistan Housing Programme said that the programme will help the masses and would help to boost several sectors of national economy.

Further, he explained about the benefits of the programme and said that the World Bank will invest in mortgage business that will start in this regard and it would be proved vast economic driver too. He highlighted that ten million houses are required to be constructed in Pakistan as a common man wants to build his own house but impossible for him in limited resources adding the government having a solid and complete strategy regarding this Naya Pakistan Housing Programme.

To a question, he said the government’s role is as a facilitator in this programme with no plan for investment, adding that one window operation has planned while private sector will do mortgage financing and builder.

In reply of a question, he said in this 5 million houses programmes, the government has decided to construct 40 percent houses in rural areas, 40 percent in urban and 20 percent in slums areas respectively, as land has already available in rural and slums areas adding that public-private partnership and private-private partnership will further support and share the government’s duty for finalizing the programme.

Dr. Farrukh Saleem further said the government is loyal to facilitate the masses and formulate various policies to provide jobs to youth as 100 textile mills will be revived in near future which were remained closed from a long time due to high prices of gas.

Farrukh Saleem said the government has decided already to deliver subsidiary to industrial sector including textile, carpets, sports, surgical instruments industries. He said that due to failed policies of previous governments, the national economy is facing various challenges and now the government is taking serious steps for the restoration of industries to improve the export for the development and prosperity of the Pakistan. APP

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