He was chairing a meeting to review progress on formulation of a road-map for construction of five million houses across the country here at Prime Minister’s Office.
Secretary Housing briefed the Prime Minister about the current situation vis-à-vis 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 private sector and the foreign investors towards Prime Minister’s 05 million Housing Initiative.
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.
The Prime Minister 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 five million Housing Projects.
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 roll out the Housing Program.