Prime Minister Imran Khan on Wednesday (April 17) while addressing the launching ceremony of Naya Pakistan Housing Scheme under which one hundred and forty-one thousand residential units will be constructed in the first phase, said that 25,000 housing units will be constructed in the federal capital, 1,10,000 in Balochistan and 6,000 in Azad Kashmir.
The Prime Minister said a revolving fund of five billion rupees has been established to grant microcredit to poor people enabling them to have their own house. He said high rise residential buildings will be constructed for people living in katchi abadis across Pakistan adding that a commercial buildings will also be constructed on city slum so that economic activity can be generated.
The Prime Minister said there are about 40 slums areas in Karachi only and no one has ever paid any attention to uplift poor people living there. “My first priority was health, education and employment,” the premier admitted. “But then I found out about a soon-to-be retiring government employee who was told that the only two ways his family could retain their government residence was if his son got inducted in the same department if he died while still a government employee”.
“That man jumped off a building the next day,” the prime minister said, adding that “it was then that I realised how difficult it is for the salaried class to gather funds needed for building houses”. “Pakistan needs 10 million homes but the salaried class does not have the money,” he regretted. “Investors are lined up to come in, while we’re also trying to bring in the private sector and help young entrepreneurs and youth [enter the housing industry],” he said.
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