ISLAMABAD – Prime Minister Imran Khan chaired a meeting on Monday to review progress on the formulation of a road-map for construction of 5 million houses across the country.
During the meeting at the PM Office, Secretary Housing briefed Imran Khan about the current situation and the annual demand and shortfall in the housing sector.
He also identified various options regarding ensuring availability of land bank, raising for the required finances through different modes and undertaking administrative and legal measures needed to encourage the private sector and the foreign investors towards Prime Minister’s 05 million Housing Initiative.
Imran Khan, in his remarks, said that provision of 05 million housing, equipped with all basic facilities, and regularization of slums is a foremost priority of the Government being the part of PTI’s manifesto.
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The Prime Minister said that construction of affordable housing initiative would not only provide shelter to the homeless but would generate huge economic activity by providing millions of jobs and boosting all linked industries of the housing sector.
Khan said that besides the availability of vast state lands across the country, utilization of prime lands of the state guest houses and other government-owned accommodations/properties in Punjab and Khyber Pakhtunkhwa alone could generate billions of rupees for 05 million Housing Scheme.
It was decided during the meeting the Prime Minister will take ownership of the initiative in order to ensure smooth implementation and removing any administrative bottlenecks.
The Prime Minister directed the committee to finalize its recommendations regarding formulation of a comprehensive plan of action with delineated timelines within two weeks for early rollout of the Housing Program.
