Housing policy: SBP and ABAD discuss ideas on low-cost housing
Government had planned to build 500,000 houses.
ABAD Chairman Mohsin Sheikhani said that the construction of 500,000 housing units is an enormous challenge for the government. DESIGN: FAIZAN DAWOOD.
KARACHI:
Deputy Governor of State Bank of Pakistan Kazi Abdul Muktadir presented ideas on low-cost housing during a seminar at the Association of Builders and Developers of Pakistan (ABAD) House. It was organised by ABAD in collaboration with the government of Pakistan on Tuesday. He expressed optimism towards the new housing policy for 2013-2018, hoping for good results.
The Nawaz Sharif government had planned to build 500,000 houses, said Director General of Ministry of Housing, Muhammad Irfan. However, there is no free land available anywhere, so the government is planning to build 10,000 houses this year, awarding lands of five marla in size and one lakh rupees in cash to builders to start construction, Irfan adds.
ABAD Chairman Mohsin Sheikhani said that the construction of 500,000 housing units is an enormous challenge for the government.
Published in The Express Tribune, November 13th, 2013.
Deputy Governor of State Bank of Pakistan Kazi Abdul Muktadir presented ideas on low-cost housing during a seminar at the Association of Builders and Developers of Pakistan (ABAD) House. It was organised by ABAD in collaboration with the government of Pakistan on Tuesday. He expressed optimism towards the new housing policy for 2013-2018, hoping for good results.
The Nawaz Sharif government had planned to build 500,000 houses, said Director General of Ministry of Housing, Muhammad Irfan. However, there is no free land available anywhere, so the government is planning to build 10,000 houses this year, awarding lands of five marla in size and one lakh rupees in cash to builders to start construction, Irfan adds.
ABAD Chairman Mohsin Sheikhani said that the construction of 500,000 housing units is an enormous challenge for the government.
Published in The Express Tribune, November 13th, 2013.