Islamabad: National Assembly Standing Committee Chairman on Cabinet Secretariat Syed Amin-ul-Haq on Monday presented the committee’s report on the Naya Pakistan Housing and Development Authority (NPHDA) Bill 2019 in the National Assembly.
The NPHDA Bill was unanimously approved on September 26 by the Standing Committee. The report on the bill, which was presented in the National Assembly on Monday, gave the Statement of Objects and Reasons. The report states that the Naya Pakistan Housing and Development Authority needs to be established for the purposes of planning development, construction and management of real estate development schemes and projects, including housing and matters connected therewith and ancillary thereto so as to pursue philanthropic and other objectives on profit and non-profit basis and to carry out refurbishment, uplift or establishment and maintenance of infrastructure, roads etc. and the performance of other civic and municipal ventures or tasks.
The objective of the bill is to facilitate the housing sector, development of real estate and to deal with any activities and/or implicated related to land or construction.
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