Rising global commodity prices bump up inflation: PM Imran

Promise of low cost houses for poor, middle class being fulfilled: PM Imran


Islamabad: Prime Minister Imran Khan said on Thursday that the promise of low-cost housing for the poor and middle class is being fulfilled and has provided loans worth 380 billion rupees to build houses.

A meeting of the National Coordination Committee for Housing was held in Islamabad with PM Imran Khan in chair. Minister for Finance and Revenue Shaukat Tarin, Minster for Information and Broadcasting Fawad Chaudhry, Azad Jammu and Kashmir (AJK) Prime Minster Sardar Abdul Qayyum Khan Niazi, Minister of State Farrukh Habib, Special Assistant to the Prime Minister on Political Communication Shahbaz Gill, State Bank of Pakistan (SBP) Governor Dr Reza Baqir, Senior ministers of AJK including Sardar Tanvir Ilyas, Khawaja Farooq, Naya Pakistan Housing & Development Authority (NAPHDA) chairman and other senior officials attended the meeting.

The meeting was informed that CDA and NAPHDA will provide subsidies to these units to keep monthly installments to a minimum, and these units will provide all facilities.

The meeting was also informed that, on average, bank borrowing rates have risen sharply, and in the past two weeks alone, applications for additional loans of Rs 6 billion have been received.

The Prime Minister was informed at the meeting that measures are being taken to protect forests and natural diversity. 63% of Azad Kashmir’s land is made up of forests, while 56.5% of Kashmir’s total area is government land. It was also learned that the AJK government will provide refugees with land valued at 5.6 billion rupees, and the first phase will provide houses for 1,300 families.

The Prime Minister said in his speech that the promise of low-cost housing for the poor and middle class is being fulfilled. This is the first time in the country’s history that 12,400 low-cost and standard apartments have been provided to slum dwellers. Islamabad.

He went on to say that an international standard cricket field will be built in the federal capital, and commercial buildings in the expensive areas of Islamabad should be built on the basis of public-private cooperation.

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