PROVISION OF LOW-COST HOUSES IS PRIME FOCUS OF PM: MINISTER KHUSRO BAKHTYAR
Islamabad: November 13, 2020

Chairman Naya Pakistan Housing and Development Authority Lt. General (R) Anwar Ali Haider called on Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar in his office today. Mr. Noor Ahmed, Secretary for Economic Affairs and Mr. Mudassar H. Khan, CEO Pakistan Mortgage Refinance Company also joined the meeting. Chairman NPHDA briefed the Honourable Minister on low-cost housing scheme. He said that the project aimed to increase access to finance for housing among the low-income strata of the country and would also support the capital market of development and construction in Pakistan. CEO PMRC discussed innovations in scaling up risk sharing of housing finance and other mortgage financing services with the Minister. The Minister assured that the Ministry would hold the consultations with relevant departments and World Bank to extent the facility for financing the low-cost housing scheme. He reiterated the government’s seriousness in promoting housing sector. He said his Ministry is fully committed to remove bottlenecks related to external economic assistance. The Minister expressed that the government's pro-poor housing policy would be beneficial for poor and vulnerable segments of the society as it had been prime focus of the Prime Minister and the historic construction industry package was a timely step to benefit allied industries.