Prime Minister Imran Khan was informed on Thursday that with the resurgence of jobs around ten Federal Government Housing Authority (FGHA) projects, which have faced delays over the past few years, 38,637 housing units will be built at an estimated cost of Rs120 0.21 billion.
Likewise, work on three Pakistan Housing Authority Foundation (PHA) projects, which have been delayed over the past few years, is also being restored as a result of 5,372 housing units to be built at an estimated cost of Rs27.86 billion.
This became known during the weekly meeting of the National Coordinating Committee for Housing, Construction and Development which was held here with Prime Minister Imran Khan as chair.
The Housing Ministry briefed the prime minister in detail on resurgent jobs on federal government projects, which are facing delays, construction of housing units due to ongoing and future projects and their estimated costs.
The prime minister was informed that as a result of the ongoing project, 26,625 housing units would be built at a cost of Rs213.4 billion. Meanwhile, in the 2020 and 2021 projects, more 25,017 and 39,955 housing units will be built with an estimated cost of Rs112.03 and Rs184 billion, respectively.
The meeting further explained that as a result of the funding of Rs3 billion to the Akhuwat Foundation by the federal government, the construction process of 5,882 housing units was ongoing. More than 4,000 housing units will be built due to the provision of another Rs2 billion.
It can be mentioned here that the federal government provided an easy credit of Rs. 5 billion for the construction of housing units for low-income groups through the Akhuwat Foundation.
Punjab’s chief secretary briefed the meeting on the application “Real-Time Construction Monitoring Dashboard” created to monitor the construction process in the province.
The Chief Secretary told the meeting that the projects approved so far are estimated to have a construction cost of Rs84.5 billion which does not include the land price.
It further states that if the World Bank estimates, that one dollar spent on construction creates $ 5 worth of economic activity, is taken into account, then economic activity worth Rs422.5 billion has been approved.
This will help create job opportunities for young people in addition to promoting various industries, the meeting said.
During the meeting it was also known that the agreement was made regarding the construction of a multi-storey building in the city of Lahore.
The Main Secretary briefed the meeting on increasing construction activities, especially facts and figures on sales of bricks, cement and other construction materials.
The Chairman of the Capital Development Authority (CDA) briefed the meeting on the transfer of responsibility for the Metropolitan Corporation to the CDA, the difficulties faced by people relating to the road network, sewerage and other civil facilities over the past five years and the CDA’s plans for action to their compensation.
In his remarks on the occasion, the Prime Minister said that the construction sector has an important role in encouraging economic activity and in the revival of the economy affected by COVID-19.
He directed the chairman of the Naya Housing Authority of Pakistan, the secretary of the provincial head and other relevant officials to fully focus on promoting the construction sector so that such efforts are not deterred at any stage.