‘Legislative process to boost housing sector finalised’

Minister says all stakeholders on board for policymaking

LAHORE:

Punjab Minister for Housing and Urban Development Mian Mahamood ur Rasheed has revealed that the legislative process has been finalised to promote the housing sector on modern lines in the province.

Presiding over a meeting of Punjab Housing and Town Planning Agency (PHATA) on Thursday, the minister added that approval for Private Housing Schemes Rules 2020 and joint-ventures rules by the provincial cabinet will ensure speedy development of the housing sector along with the provision of necessary relief to builders and developers.

The meeting also discussed matters pertaining to the approval of development schemes under PHATA.

The minister said that housing sector related policies have been designed in consultation with the stakeholders and they are also taken into confidence with regard to amendments in different laws.

Meanwhile, sufficient relief is also provided to builders and developers in Naya Pakistan Housing Project, he said and added that the project is being moved forward through a joint-venture with developers and private builders.

He expressed the satisfaction that approval of housing schemes of builders and developers is continuous on a priority basis and the housing department is working hard to fulfil the vision of PM Imran Khan.

Mahmood ur Rasheed welcomed new board members Yasmin Abid Maan, Imtiaz Mahmood, Naveed Akhtar, and Shahid Butt.

Published in The Express Tribune, February 12^th, 2021.