The PTI’s rise to power owes, among other things, to its manifesto promising 10 million jobs and five million housing units for the lower and lower-middle income groups by playing a role of enabler and facilitator. Pakistan faced an overall backlog of 11.2 million housing units. The estimated financing requirements for building 5 million houses stood at around Rs 16 trillion. The Federal government has also signed MOUs with provincial governments for housing projects, including 46,000 apartments in Balochistan, out of which 16,000 will be given to fishermen, and 798 apartments in AJK. The Naya Pakistan Housing Authority also announced a package for facilitating investments in the housing sector as well as cheaper loans for the people to build their own homes.

Source: Pakistan Today November 10, 2020 18:19 UTC