PM announces Rs30 billion subsidy for Naya Pakistan housing scheme

Prime Minister Imran Khan has announced a subsidy of Rs30 billion for the Naya Pakistan housing scheme in order to support the underprivileged class to build their own homes.

The Prime Minister was addressing the media after chairing a meeting of the National Coordination Committee on Housing, Construction, and Development in Islamabad today (Friday).

In his address, PM Imran asserted that the whole world is worried about how to run its economy during the global pandemic. “In this regard, we have decided to revive our economy through the housing and construction industry so that the job opportunities could increase and we can generate revenue,” he added.

The prime minister also spoke of the construction sector, saying it faced a lot of obstacles, but that the NCC had worked on formulating policies for its revival.

“We have decided to revive our economy with housing and construction industry so that people can get jobs and we can generate revenue in times of global recession and pandemic,” he noted.

“I, myself, will preside this meeting every week to supervise the working and progress of the committee regarding the Naya Pakistan housing scheme.

“We only have time till December 31 to provide incentives to the construction industry,” he added.

PM Imran explained that under the Naya Pakistan housing scheme, Rs30 billion had been allocated as a subsidy, which would translate into Rs300,000 for each of the 100,000 households during the first phase of the programme.

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