Punjab launches rural housing pilot project
Sub-committees have been formulated to launch of the project
APP
December 31, 2020
People from rural areas in Lakki Marwat and residents of DI Khan use this road for travelling. PHOTO: EXPRESS
LAHORE:
The Punjab Housing and Urban Development Department, under the Naya Pakistan Housing Programme, in collaboration with Akhuwat has decided to launch a Rural Housing Pilot Project in four districts of the province within a month.
As per details, houses would be constructed in the selected villages of these districts and offered to the poor and homeless people on easy installments.
This decision was taken during a meeting led by the Minister for Housing Mian Mehmood ur Rashid in connection with the Rural Housing Pilot Project, on Wednesday. Mian Mehmood ur Rasheed detailed that the pilot project would be launched in the selected villages of Okara, Kasur, Sheikhupura and Jhang within a month.
Pakistan Association of Builders and Developers lobbies against cement price rise Written by Global Cement staff
29 December 2020
Pakistan: The Association of Builders and Developers (ABAD) has issued a statement warning of the dangers of recent cement price rises. The Balochistan Times newspaper has reported that the association called the rises disproportionate given the local availability of raw materials. It said that the increase would be reflected in the prices of housing units under the Naya Pakistan Housing Programme.
Prime Minister Imran Khan launched the scheme, alongside a financial support package, to revitalise the construction industry in the wake of the coronavirus outbreak.
Builders and developers are upbeat about the pace of development in Punjab and Khyber Pakhtunkhwa under the Naya Pakistan Housing Programme (NPHP). However, they are worried about the slow pace of development in Sindh.
The government had announced a relief package of Rs100 billion for the construction sector in April, which was to be followed by the building of five million houses under the NPHP. Builders were bound to register their projects on the Federal Board of Revenue (FBR) portal called Iris by Dec 31 and complete the grey structure by Sept 22.
Giving an overall picture of the registration of projects on the FBR portal, Association of Builders and Developers (ABAD) Chairman Fayyaz Ilyas claimed that more than 300 projects have been registered with NPHP and under the special package for the construction industry.
PMRC signs credit guarantee agreement with six more banks
It will help banks reduce their risk exposure SAMAA | Bilal Hussain - Posted: Dec 28, 2020 | Last Updated: 3 months ago SAMAA | Bilal Hussain Posted: Dec 28, 2020 | Last Updated: 3 months ago
The Pakistan Mortgage Refinance Company held a Master Guarantee Agreement signing ceremony with six more Pakistani banks for the recently introduced mark-up subsidy on low-cost housing schemes. These banks include Meezan Bank, Habib Bank, Bank Islami, Faysal Bank, JS Bank and Soneri Bank. The PMRC has this agreement with the Bank of Punjab too.
The Government of Pakistan has set up a Credit Guarantee Trust, with the PMRC as its trustee. The trust has been set up with the support of State Bank of Pakistan and funded by the World Bank.
Cement Cartel Sabotaged Government Efforts to Boost Construction Sector: CCP propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.