• Lays foundation stone of 4,000 low-cost flats
• Pins hope on Ravi, Bundal projects for investment
• Terms youths of D-8 countries key asset
ISLAMABAD: Prime Minister Imran Khan on Thursday said several initiatives had been taken for wealth creation so that Pakistan could get rid of heavy foreign debts his government had inherited from previous ones. He was hopeful that the measures being introduced would bring about prosperity in the country.
“We want to create more and more wealth in the country to retire heavy foreign loans, some of which are causing even more debts,” the prime minister said while laying the foundation stone of 4,000 low-cost apartments being built under the government’s ambitious Naya Pakistan Housing Programme (NPHP) at Farash Town near Islamabad.
SAMAA - Imran Khan lays foundation stone of Lahore housing project
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SAMAA - Naya Pakistan housing: PM breaks ground on Islamabad residential complex
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ECC Revises Eligibility Criteria for Special Incentive Package of Housing and Construction
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet held today.
Naya Pakistan Housing and Development Authority (NAPHDA) Chairman presented revised eligibility criteria for selection of applicants, modalities for payment of cost subsidy, and mechanism for release of funds regarding the special incentive package for the Housing and Construction sector, announced by the Prime Minister in July 2020.
After due deliberation, the Committee approved the stipulated eligibility criteria and payment mechanism for cost subsidy against 100,000 housing units to be constructed during phase-I by the end of the year.