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  1. #1
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    PM Imran Khan launches Naya Pakistan Housing Program

    ISLAMABAD: Prime Minister Imran Khan has inaugurated New Pakistan Housing Program at a ceremony in Islamabad today.

    The inauguration of the project is part of government's election manifesto of constructing five million houses for the shelterless people in its five year tenure.



    “One country wants to invest USD20 in the housing industry in Pakistan,” Prime Minister Khan said.

    “Inshahullah, we will steer Pakistan out of crises. It’s a difficult time for us but this too will phase soon,” he said.

    The prime minister said that he would devise a roadmap to address the challenges being faced by the country.

    “The housing scheme is our real scheme. At least 40 industries are directly related with the housing scheme. When we launch the project, all these industries will benefit from it,” he said.

    "Our target is to build five million affordable houses in five years. Only ordinary people will benefit from this scheme," Khan said.

    "A common man who can never think of owning his house is our target. And our second target is to provide employment opportunities to our jobless youth," he said, adding that 40 industries were directly linked with the housing project.

    "We will encourage youth to set up their own construction companies to be part of this initiative," the premier said.

    Khan said that skill development program would also be launched to help youth benefit from the project.

    The prime minister noted that 80 percent of American population build their homes through loans.

    He announced that Naya Pakistan Housing Authority would be set up to provide one-window operation to investors.

    "The authority will facilitate the process," he said, adding he would himself supervise the project.

    The authority, he said, would be formed in 90 days. In addition, a 17-member task force would be set up to help run it.

    The prime minister said that government would only provide land while the rest would be done by private sector.

    "We will collect data of katchi abidis from across Pakistan. Nobody has ever thought about katchi abidis. We will first locate katchi abidis and resettle them with all the facilities along with ownership rights," he said.

    The prime minister said that a pilot project would be launched in 60 Pakistani districts to register data about the demand for new housing.

    The construction, he said, would begin after the completion of registration and evaluating the mortgage capacity of buyers.

    National Financial Regulatory Body

    "We never had any financing model. We are preparing a new regulatory body to help arrange financing for the houses. The National Financial Regulatory Body will be set up in 60 days."

    Legal Framework

    The prime minister said that the law ministry was preparing a legal framework to remove hurdles being faced by the construction industry. The framework will be ready in 60 days, he said.

    Federal Government Employees Scheme

    A new scheme, Prime Minister Khan announced, would be set up to build a housing colony for federal governments. The scheme would kick of on October 11.

    "I have also called Punjab Housing Minister to discuss the issue for the province," he said.

    "Inshaullah, our step by step process will begin from October 11. Our growth rate will accelerate and youth will get new jobs."

    He urged the nation to lift their morale, saying this difficult situation would be addressed soon.

    "The reforms we are taking will start taking effect in six months. Pakistan is a rich country. It's a gift of God."

    The whole crisis, he noted, was about only USD12 billion.

    https://www.thenews.com.pk/latest/37...housing-scheme


    “It is not defeat that destroys you, it is being demoralized by defeat that destroys you.”
    ― Imran Khan

  2. #2
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    Imran Khan on Naya Pakistan Housing Programme: 'Most ambitious, landmark'

    ISLAMABAD: Prime Minister Imran Khan has termed the newly launched Naya Pakistan Housing Programme as Pakistan Tehreek-e-Insaf's most 'most ambitious and landmark housing policy'.

    The prime minister on Wednesday launched PTI’s flagship housing scheme aimed at building five million low-cost and affordable housing units across the country, fulfilling one of the “cornerstones” of his party’s election manifesto.


    In a tweet a day after the inauguration, the PM said: “We have launched our most ambitious, landmark housing policy of building 5mn homes in 5 yrs. InshaAllah this will provide affordable houses for our less privileged strata of society, plus 6mn jobs, create demand in 40 industries directly involved in house building & attract FDI.”

    Addressing the launching ceremony at the PM Office, the prime minister said that the government would provide the land, facilitate and remove bottlenecks and work under public-private partnership to construct housing units with all basic amenities.

    “We want to build houses for those who ordinarily do not even dream of owning a house, as they fall in low-income group and barely manage to find a shelter,” Imran Khan said.

    He said the data of federal or provincial lands was being collected and registered by a land bank so that the government could provide land for the housing programme to be undertaken by the private sector.

    Vowing to personally supervise the project the Prime Minister announced the setting up of a Naya Pakistan Housing Authority (NPHA) in 90 days. Meanwhile the 17-member Housing Task Force would oversee the housing programme, he added.

    The Housing Task Force consist of eight members from private sector, five from federal government including secretaries housing, law and justice, finance, planning, NADRA chairman and five provincial housing ministers, or their nominees.

    The NPHA would provide a one-window operation and construct houses in both rural and urban areas, he said and added, the Authority would coordinate with the local bodies and provincial governments.

    The prime minister said the data of the ‘kaachi abadis’ (slums) would also be collected. The estimates say that 40% land in Karachi and most precious land in Islamabad was encroached by such illegal housing, he added.

    He said after reviewing international models, high rise buildings, having all basic facilities would be constructed and the owners would have full property rights.

    He announced the launch of pilot project under Naya Pakistan Housing Programme in seven districts including Faisalabad, Sukkur, Quetta, DI Khan, Islamabad, Gilgit and Muzaffarabad, where NADRA would help collect the basic data of those in need of the housing through registration during the next 60 days.

    He said the earlier schemes failed as those did not have the requisite basic data to work upon, adding, the data would help find the requirements, the income level of the people and how much they could pay for the mortgage per month.

    Prime Minister Imran Khan announced the launch of first housing scheme under the Naya Pakistan Housing Programme for the federal government employees from Thursday.

    The federal government employees from ** 1 to 16 would be eligible for registration in the housing scheme undertaken through joint venture project. Preference would be given to those having no house or were shelterless.

    In the construction of housing units under the Naya Pakistan Housing Programme, use of local construction material, labour and technology transfer would be ensured.

    The PM expressed the hope that the provinces, particularly Punjab would also emulate the trend set in by the federal government.

    Imran Khan said the construction industry was one of the most important sectors of the economy as over 40 other industries were related to it and added it was vital for reviving economic activity and employment generation.

    He said a new young entrepreneur class would emerge and the government would ensure provision of necessary skills and training to unemployed youth. For that purpose skill teaching institutes would be established.

    The prime minister mentioned the trend for borrowing of house building loans in other countries and said in the United States almost 80% people construct houses through loans, in Malaysia 33%, India 11%, Bangladesh 3%, while in Pakistan only 0.25%.

    He said the earlier housing projects failed to take off because the country had no financing packages and that the State Bank of Pakistan had been directed to set up a National Financial Regulatory Body in 60 days time. Necessary legal framework would also be prepared by the Ministry of Law and Justice within the stipulated time, he added.

    Under the housing programme, those getting houses would be provided with a 15 to 20 years easy payment plan and the State Bank of Pakistan would encourage the commercial banks for financing.

    The prime minister said a foreign company has approached the relevant authorities in Pakistan expressing their desire to invest a huge amount of US 20 billion dollars in the housing programme.

    He said the Naya Pakistan Housing Programme would help stimulate economic growth besides creating employment opportunities, reviving the construction-related industries and bring in development and prosperity.

    Having a total population of around 210 million, Pakistan had 30 million housing units with a10 million shortfall. Against an annual demand of 700,000 housing units, the country constructs only 250,000 houses with a shortfall of 450,000 houses per annum.

    https://www.thenews.com.pk/latest/37...tious-landmark


    “It is not defeat that destroys you, it is being demoralized by defeat that destroys you.”
    ― Imran Khan

  3. #3
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    PM's Naya Pakistan Housing Program gets overwhelming response

    ISLAMABAD: A huge demand for registration form for the newly launched Naya Pakistan Housing Program Thursday slowed down website of the National Database and Registration Authority (Nadra), but was restored to normal after it got an overwhelming response from 0.2 million users from 174 countries.

    According to Nadra spokesman, the website experienced around 10,000 hits a second, causing it to crash, however it was restored by its IT Staff who did not anticipate the heavy response.

    In the first hour, over 62,000 forms were downloaded from the website.

    Prime Minister Imran Khan announced launch of the program a day earlier and vowed to meet the housing shortage of the country by building five million houses in five years.

    He said the program would not only provide affordable shelter, but also ensure that the residents get all modern basic facilities of life.

    The form available on the Nadra website has been designed to collect data from the applicants and seeks their requirement, price range and location of the house and the number of people who were expected to live in the house.

    Preference would be given to those who do not have any independent residence in Pakistan and only one person in a family is eligible to apply.

    An amount of Rs 250 will be deposited with every form, and a copy is also acceptable.

    The forms can be submitted from October 22 to December 21 at the District offices of the housing program at Sukkur, Quetta, Gilgit, Muzaffarabad, Swat, Islamabad and Faisalabad.

    The applicants will have to give details of their profession, whether they live currently in joint family, rental, kaachi abadi or some other residence.

    They will also have to show their income bracket; less than 20,000, upto 40,000, 60,000 and 100,000. It also asks for preferred monthly installments upto 10,000, 15,000 and 20,000.APP/

    https://www.thenews.com.pk/latest/37...lming-response


    “It is not defeat that destroys you, it is being demoralized by defeat that destroys you.”
    ― Imran Khan

  4. #4
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    “It is not defeat that destroys you, it is being demoralized by defeat that destroys you.”
    ― Imran Khan

  5. #5
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    Tabdeeli

  6. #6
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    To give a little prespective to folks who may act smart but aren't really...... a little while back during the oil slump Canada was expected to go into regression because oil is her major export and revenue generator but one thing kept the Canadian economy afloat and even improved growth, and that is the money flooding into the Greater Toronto Area construction business. Condos and houses were/are going up at such a rapid rate that it kept the wheels of the economy turning even during times that were expected to be hard.



    We have had many "tajarbakaar" governments before but none seemed to think about this as an engine for growth.


    Obviously construction can only generate internal growth and improved jobs prospects but exports have to be improved rapidly as well to reduce pressure on ruppee.


    #Hum apko container deingaye dharnay ke liyay

  7. #7
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    As the minister of planning and development and as someone who belongs from South Punjab, it’s weird to see Khusro Bakhtyar not including any city from South Punjab in this housing program. However it is nice to see ppl trying to deliver on their promises.

  8. #8
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    Egyptian billionaire offers to build 100,000 housing units in Pakistan

    KARACHI: Egyptian billionaire Naguib Sawiris has offered to build 100,000 housing units in Pakistan to help realize Prime Minister Imran Khan’s dream of an ‘ambitious’ housing project, officials said on Friday.
    “Naguib Sawiris has expressed his will to invest in 100,000 units of affordable housing to help prime minister (Imran Khan) in his vision toward Pakistan,” Tarek Hamdy, Chief Executive officer of Elite Estates — a partnership between Ora Developer and Saif Holding — told Arab News in an exclusive interview.

    Owned by Sawiris, Ora Developers is already engaged in the construction of a multibillion-dollar housing scheme named ‘Eighteen’ which was launched in 2017 in Islamabad with local partners, Saif Group and Kohistan Builders.
    Sawiris’ first investment in Pakistan was in Mobilink, a cellular operator.

    PM Khan in October 2018 had launched ‘Naya’ (New) Pakistan Housing Project in line with his party’s election manifesto, which promised fivr million houses for the poor.
    Hamdy says they have “set rules or guidelines of the way of doing things” that apply to every real estate projects — whether they are affordable or high value units.

    “We will use our experience and knowhow to deliver this properly to the people of Pakistan,” he added.
    Since the announcement of the low-cost housing project for the poor, the scheme has been at the heart of all political and economic discourses with several calling it too ambitious.
    “This scheme is very ambitious yet very promising for the people of Pakistan. I think all the developers should help in this scheme. You cannot solely rely on the government to build five million houses,” Hamdy said.
    Recently, the governor of Pakistan’s central bank had said that the massive housing project would require financing of upto Rs 17 trillion.

    Hamdy believes that the promise of building five million affordable housing units cannot be realized in a short span of time. “I think the plan is right but it has to be in stages, has to be in steps. It could be achievable obviously that is not the project (to be achieved) in one or two years... may take few good years, may be couple of decades to be achieved,” he said.
    In the Islamabad project the Ora Developers own a 60 percent stake in the project comprising a five-star hotel, 1,068 housing units, 921 residential apartments, business parks, hospitals, schools and other educational facilities and 13 office buildings, and a golf course. The networth of the project is $2 billion.

    The next cities on the radar for real estate projects are Lahore, Karachi, and Faisalabad. “We intend to do more, we intend to invest more. I think that our portfolio of real estate could come to $10 billion worth of investments in the next five to 10 years including all the projects that we intent to do,” Hamdy said.

    Pakistan’s housing sector is marred by frauds, scams and unfinished schemes which has been discouraging many potential investors from venturing into the sector. However, Hamdy says he is confident of delivering the promise by 2021.
    Analysts say that Pakistan’s housing sector offers great opportunities for investment due to increasing demand. “According to estimates, the current real estate market value is around Rs900 billion which is three times that of the GDP,” Saad Hashmey, an analyst at Topline Securities, told Arab News, adding that the PM’s housing project is the need of the hour.

    Pakistan faces a shortage of nearly 12 million housing units that may require a massive investment of around $180 billion, according to the former Chairman of the Association of Builders and Developers, Arif Yousuf Jeewa.

    Pakistan expects to attract more than $40 billion foreign direct investment in the next five years in oil refining, petrochemical, mining, renewable energy, and real estate sectors. “We estimate that roughly around $40 billion investment will be made by three countries (Saudi Arabia, the UAE, and China) during the next three to five years,” Pakistan Board of Investment BoI chief, Haroon Sharif had told Arab News earlier, adding that “the investment would start materializing within the next two years”.

    http://www.arabnews.pk/node/1437706/pakistan




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