Imran Khan, the Prime Minister of Pakistan, opened a laborers’ complex in Islamabad on Thursday as part of the Naya Pakistan Housing Scheme.
The Workers Welfare Fund, the Ministry of Overseas Pakistanis, and the Ministry of Human Resources Development collaborated on the initiative.
Murad Saeed, Minister of Communications and Postal Services, has announced that the premier’s commitment to providing homeless shelter will be kept.
In Islamabad, a ceremony was held to distribute the buildings. Following a brief speech by PM’s aide on Overseas Pakistanis Zulfi Bukhari, the homes were balloted for.
PM Imran Khan introduced the keys to those whose names had been drawn.
Having your own home is a luxury, Prime Minister Khan said, referring to the common man’s inability to own a home in the current economic climate.
According to him, the government pays Rs300,000 for each flat and home. Despite fluctuations in the country’s interest rates, the interest rate on these houses will remain at 5% for the next 20 years.
The premier said that no one had ever acknowledged society’s disadvantaged classes.
According to PM Khan, the building industry is booming as a result of the current government’s incentives. He believes that not only will this result in wealth formation, but it will also create employment opportunities for the youth.
‘This is the start of affordable housing,’ says the PM.
In his remarks, Bukhari claimed that the Workers Welfare Fund had completed the first phase of the project, which included the development of 1,008 flats and 500 houses.
Staff is granted these based on proprietary privileges, he claims.
A total of 1,504 new units will be built in the next phase.
He said that this project is the start of providing low-cost and affordable housing to the poor.