ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz said on Thursday that the welfare of the poor segment of society was the focus of Prime Minister Imran Khan’s policy, ARY News reported.

He said this when giving a briefing to the media about the meeting of the National Coordinating Committee for Housing, Construction and Development, chaired by Prime Minister Imran Khan in Islamabad.

Addressing a press conference in Islamabad on Thursday, Shibli Faraz said that construction-related projects worth 400 billion Rs would begin in the last quarter of this year.

The Information Minister said Prime Minister Imran Khan placed special emphasis on improving the construction sector to revive the economy.

A project that envisages the construction of houses and apartments worth 145 billion rupees will begin on October 20, he added.

Shibli Faraz said that the government decided to provide loans with a five percent markup to those who built five marla houses while for ten marla houses, the markup rate would be seven percent.

He said an additional Rs30 billion had been set aside for subsidies Pakistan’s Naya Housing Scheme.

The federal minister said the Prime Minister today chaired a National Coordinating Committee meeting attended by the country’s leading investors and builders.

He said the meeting discussed several proposals to elevate the sector including holding an international roadshow for projects related to construction to attract Pakistani investment abroad.

Read more: Shibli Faraz explained the aid package for the construction sector

The Prime Minister has now decided to hold a committee meeting every two or three days while still paying attention to the importance of the sector, he added.

The Minister of Information expressed his satisfaction with the recent auction of the Capital Development Authority by saying there was an enabling environment for the construction sector in the country.




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