Islamabad: The World Bank and the Government of Pakistan have signed a Memorandum of Understanding (MOU) for cooperation in housing sector. The MOU was signed at an International Housing Conference in Islamabad. Prime Minister Imran Khan addressed the conference and shared updates on Naya Pakistan Housing Scheme.
Prime Minister Imran Khan highlighted the impact of low-cost housing to the low-income segment of the society. The Prime Minister announced that Naya Pakistan Housing Scheme will be launched next month. Under the Naya Pakistan Housing Scheme five million low-cost housing units will be built. The houses will be built by the private sector with full support from the government. He revealed that Malaysian and Chinese companies had shown interest in the Naya Pakistan Housing Scheme. He added that the Naya Pakistan Housing Scheme will directly benefit 40 industries related to the construction sector.
The Prime Minister shared his vision for urban planning and land regularization. He said that slums across all major cities including Islamabad will be regularized. However the houses of the poor people will not be demolished. He said that low-cost housing will be constructed in the tribal districts through micro-financing.
Regarding urban development the Prime Minister reiterated that any further development in urban centers will be vertical for more efficient and smarter city management.
Prime Minister Imran Khan said that state land worth over rupees five hundred billion had been recovered from land mafia to-date. He said that all recovered land will be recorded in a central land bank.
For news and updates keep on visiting Graana blog
Islamabad: The Federal Board of Revenue (FBR) is preparing to seek approval from the International…
Riyadh: As Saudi Arabia’s Vision 2030 enters its third phase for the period 2026–2030, the…
Islamabad: The Capital Development Authority (CDA) has earmarked PKR 200 million to settle outstanding land…
Lahore: Punjab Governor Sardar Saleem Haider Khan has promulgated two key ordinances aimed at modernising…
Islamabad: Pakistan’s tax authorities are intensifying efforts to detect undeclared wealth by monitoring social media…
Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
