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Process of constructing low-cost housing apartments to speedily move forward now: PM Imran Khan

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ISLAMABAD, Pakistan: Prime Minister Imran Khan has said that while 100,000 low-cost housing apartments are under construction, the process will now speedily move forward as the structure of the system has been finalized.

Speaking at a ceremony during his visit to the Naya Pakistan Housing Authority’s Project Farash Town Apartments in Islamabad on Friday, the prime minister said that the government is providing a subsidy and incentivizing the construction industry to help low-income people to have their own houses.

The prime minister said that Rs 35 billion have been allocated for subsidy on the construction of houses by low-income people. He said that the government will provide Rs 300,000 subsidy on every house for the first 100,000 units.

Furthermore, he said that the construction industry has been incentivized in different ways including tax relief. He said that the One Window Operation has also been started to facilitate the construction sector.

Regarding Farash Town Apartments, the prime minister said that of the total 4,400 apartments, 2,000 each have been allocated for low-income people and middle-income people and four hundred apartments will be provided to slum dwellers.

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