Islamabad: The federal government, the United Nations Office for Project Services (UNOPS) and the Sustainable Housing Solutions (SHS) have signed a Memorandum of Understanding (MoU) to build 500,000 housing units countrywide as part of the Naya Pakistan Housing Programme (NPHP), a news source reported.
Prime Minister (PM) Imran Khan recently addressed the signing ceremony as chief guest and said that the executive planned to launch the pilot project pertaining to the development of 500,000 housing units in Gwadar. He added that the authorities concerned would later introduce this affordable housing initiative in Peshawar and other parts of the country in a phased manner.
He said that the purpose behind commencing with the launch of this project in Gwadar was to assist the poor fishermen community residing in the area. Moreover, he referred to the financial and technical assistance pledged by the UNOPS and SHS as a ‘landmark step’ that would help accelerate the national economy through the creation of employment opportunities, as well as reduce housing shortfall.
PM Khan said that the two organisations would contract the services of the local workforce; a practice that would benefit as much as 40 allied industries and help further develop the construction sphere. He further said that the government was offering many legislative and administrative incentives (including the one-window operation introduced by the Naya Pakistan Housing Authority) to facilitate the private construction firms and investors.
Furthermore, the prime minister requested the Lahore High Court (LHC) chief justice to expedite the proceedings on a case concerning foreclosure laws. The legal precedent set as a result would allow the banks to simplify their loan grants and mortgage procedures for the general public, he added.