PM Imran takes ownership for construction of 5 million houses

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ISLAMABAD: Prime Minister Imran Khan on Monday chaired a meeting to review progress on formulation of a road-map for construction of 05 million houses across the country 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, in his remarks, said that provision of 05 million housing, equipped all basic facilities, and regularization of katchi abadis/slums is a foremost priority of the Government being the part of PTI’s manifesto.
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 05 million Housing Scheme.
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.
Meanwhile, Prime Minister Imran Khan on Monday met with Water and Power Development Authority (WAPDA) Chairman Lt Gen (Retd) Muzammil Hussain who briefed him about water situation in the country and future development of water and hydropower sectors.
The prime minister underlined the need for construction of dams for not only conservation of water resources in the country but also for adding low-cost hydel electricity to the national grid.
Terming the construction of Diamer-Bhasha and Mohmand dam critical for the country, the prime minister reiterated his resolve to spearhead the campaign for construction of the two vital water reservoirs as soon as possible.
He emphasised on the urgency of building the dams and said that he will himself supervise the project in view of the project urgency.
In a tweet, the prime minister said there was a total outflow of 45 million acre-feet (MAF) in Pakistan out of which 80 percent was in the three months and only 20 percent in the rest of the nine months.
The prime minister added that there were only 185 dams in Pakistan of which only two were large ones. “In contrast, India has 5,000 dams and China has 84,000 dams including 4,000 large ones.”
Imran Khan has stressed there was a need to avert the looming water crisis confronting the nation, when he has termed to be the biggest issue and sought assistance from overseas Pakistanis to help overcome it.
Meanwhile, Prime Minister Imran Khan has said that future generations of Pakistan are being burdened by borrowing money for debt servicing.
In a tweet message on Monday, he said the pointed out that the daily interest payment is five billion rupees.
The Prime Minister said that country is sitting on huge amounts of dead capital in the form of government owned land with buildings. He said that ninety percent of state owned land in Khyber Pakhtunkhwa, Punjab and the federal areas, on which rest houses and official residences are built.
He said that 34,459 kanals are rural and 17,035 kanals are urban. He pointed out that just the urban holdings are worth over three hundred billion rupees. – NNIISLAMABAD: Prime Minister Imran Khan on Monday chaired a meeting to review progress on formulation of a road-map for construction of 05 million houses across the country 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, in his remarks, said that provision of 05 million housing, equipped all basic facilities, and regularization of katchi abadis/slums is a foremost priority of the Government being the part of PTI’s manifesto.
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 05 million Housing Scheme.
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.
Meanwhile, Prime Minister Imran Khan on Monday met with Water and Power Development Authority (WAPDA) Chairman Lt Gen (Retd) Muzammil Hussain who briefed him about water situation in the country and future development of water and hydropower sectors.
The prime minister underlined the need for construction of dams for not only conservation of water resources in the country but also for adding low-cost hydel electricity to the national grid.
Terming the construction of Diamer-Bhasha and Mohmand dam critical for the country, the prime minister reiterated his resolve to spearhead the campaign for construction of the two vital water reservoirs as soon as possible.
He emphasised on the urgency of building the dams and said that he will himself supervise the project in view of the project urgency.
In a tweet, the prime minister said there was a total outflow of 45 million acre-feet (MAF) in Pakistan out of which 80 percent was in the three months and only 20 percent in the rest of the nine months.
The prime minister added that there were only 185 dams in Pakistan of which only two were large ones. “In contrast, India has 5,000 dams and China has 84,000 dams including 4,000 large ones.”
Imran Khan has stressed there was a need to avert the looming water crisis confronting the nation, when he has termed to be the biggest issue and sought assistance from overseas Pakistanis to help overcome it.
Meanwhile, Prime Minister Imran Khan has said that future generations of Pakistan are being burdened by borrowing money for debt servicing.
In a tweet message on Monday, he said the pointed out that the daily interest payment is five billion rupees.
The Prime Minister said that country is sitting on huge amounts of dead capital in the form of government owned land with buildings. He said that ninety percent of state owned land in Khyber Pakhtunkhwa, Punjab and the federal areas, on which rest houses and official residences are built.
He said that 34,459 kanals are rural and 17,035 kanals are urban. He pointed out that just the urban holdings are worth over three hundred billion rupees. – NNI