Latest Updates on Naya Pakistan Housing Scheme

Posted on 2019/03/07

On October 10, 2018, Naya Pakistan Housing Program is the project initiated by the Prime Minister of Pakistan, Imran Khan with the aim to provide almost 5 million low-cost houses to homeless and low-income people of the society, this housing project with its expandability attracting the investors both local and foreigners.

In a recent meeting chaired by the Imran Khan, the Housing Authority Department informed PM that establishment of Naya Pakistan Housing Scheme is almost completed.

Mehmood ur Rashid, Punjab Minister for Housing, informed the Prime Minister that housing project would start at Renala Khurd, Chistian and Lodhran soon.

In a recent interview in Lahore, the minister said regarding the scheme that the housing scheme is being initiated in Chiniot and Sialkot.

In the meeting, all the matters appropriate to the housing scheme was discussed that includes the layout, cost of land, distance from other cities and nearby location. The minister said that 2.5 million housing units would be built up in Punjab. The inauguration of ‘Naya Pakistan Housing Scheme’ is the innovative step by the Punjab Government for the people of Punjab.

Foreign Investments on Naya Pakistan Housing Scheme

Some days ago, Chaudhry Fawad Hussain, the Federal Minister for Information and Broadcasting revealed on his official Twitter account that Egyptian investor; Naguib Sawiris offered to build 100,000 houses under Naya Pakistan Housing Scheme. As the Ora Developers owns by  Naguib Sawiris engaged with the multibillion-dollar housing scheme named ‘Eighteen’ in Islamabad which was inaugurated by two companies, Kohistan Builders and Saif Group.

Government’s Part in Naya Pakistan Housing Scheme (Loans)

The government of Pakistan, along with the banking sectors and other financial institutions negotiated to give the interest-free loans to the people who want to build the houses in the housing scheme.

The duration of the loan would be between 15- 20 years and the monthly installment of 5000-6000 per month so that the people can easily pay such payment.

Opposition Takes hit on PTI about Naya Pakistan Housing Scheme

The opposition leaders from PML-N said that PTI wasn’t providing the houses as the promised. They are pushing the people to hell.

Shahid Khaqan Abbasi and former defence minister Khawaja Asif, Ahsan Iqbal said, “People are suffering owing to the hike in gas and electricity prices.”

They also said in the interview that In the Naya Pakistan film they promised people heaven but pushed them into hell.”

While in the interview the Abbasi taunts to Imran Khan “You said that you will accumulate a revenue of Rs190 billion and that people will shower taxes after looking at you. You claimed that people trust you and you collect funds, but in the first quarter after you assumed power, the deficit rose by Rs100 billion.”

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