The Naya Pakistan Housing Scheme that envisaged building five million homes for the low-income group will remain a pipedream unless fundamental changes are made to the scheme using the customer lens.
As of May 2021, while there has been traction in lending to construction companies thanks to major tax concessions and the opportunity to whiten money the actual number of low-cost housing loans is a paltry 610 with the disbursed amount being Rs1.3 billion for the entire banking industry.
This disappointing figure is not due to the lack of focus on part of the State Bank of Pakistan (SBP). Rather, it’s because of some fundamental issues with the programme whose creators neglected to review the primary need of the low-income group.
KARACHI: The Sindh High Court on Friday restrained the authorities concerned from demolishing structures raised on leased properties around the Gujjar and Orangi nullahs till the adjudication of the relevant case by Supreme Court.
A two-judge bench headed by Justice Syed Hasan Azhar Rizvi observed that the matter was already sub-judice before the apex court and the SHC had no jurisdiction to pass any order for interpreting judgements of Supreme Court.
The Karachi Metropolitan Corporation (KMC) submitted in court that they had already approached the SC to seek explanation of demolition of the leased properties around both the nullahs and that the matter was fixed by the apex court for May 17.
NPHS foundation stone laid in Jalalpur Pirwala
National
May 7, 2021
MULTAN: Like in other cities of Punjab, the foundation stone of the Naya Pakistan Housing Scheme (NPHS) has been laid in Jalalpur Pirwala where 104 houses will be constructed.
The housing scheme is being set up on 32 Kanal and 14 Marlas. Prime Minister Imran Khan laid the foundation stone of the project through video link on Thursday at a ceremony organized at the Multan Sports Complex. Parliamentarians and government officials unveiled the foundation stone at the ceremony. Among those who participated in the inauguration were MNA Ahmed Hassan Dehar, MPA Javed Akhtar Ansari, Commissioner Javed Akhtar Mahmood, RPO Khurram Ali Shah, Deputy Commissioner Ali Shehzad and CPO Munir Masood Marth.
NPHS foundation laid
May 7, 2021
MULTAN: Like in other cities of Punjab, the foundation stone of the Naya Pakistan Housing Scheme (NPHS) has been laid in Jalalpur Pirwala where 104 houses will be constructed.
The housing scheme is being set up on 32 Kanal and 14 Marlas. Prime Minister Imran Khan laid the foundation stone of the project through video link on Thursday at a ceremony organized at the Multan Sports Complex. Parliamentarians and government officials unveiled the foundation stone at the ceremony. Among those who participated in the inauguration were MNA Ahmed Hassan Dehar, MPA Javed Akhtar Ansari, Commissioner Javed Akhtar Mahmood, RPO Khurram Ali Shah, Deputy Commissioner Ali Shehzad and CPO Munir Masood Marth.
By News report
LAHORE: Prime Minister Imran Khan on Thursday said the government was focusing on equitable distribution of resources to rich and poor by ensuring basic amenities of life for all.
“The notion of ‘elite capture’ and the prevailing mindset that Pakistan belongs to a particular class only is regrettable,” he said in his address at the launch of Punjab Peri-Urban Housing project for low-income groups.
Imran Khan said no nation could prosper with an island of rich and a big sea of poor, and regretted that during last 74 years, only a particular elite ruled the country.
Turning his guns towards the opposition, the prime minister said a union has been formed in the name of the Pakistan Democratic Movement (PDM) who are trying to escape accountability and get NRO.