‘WB shows interest to invest in mega project of NPHP’

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From Correspondent

ISLAMABAD: Government spokesperson on Economy and Energy Dr Farrukh Saleem has appreciated to the government for initiating ‘Naya Pakistan Housing Programme’ saying that the programme will facilitate the masses and would help to boost various sectors of national economy.

Whlie talking to media yesterday, he explained about the benefits of the programme and said that the World Bank will invest in mortgage business that will start in this regard and it would be proved huge economic driver too. He emphasized that ten million houses are required to be constructed in Pakistan as a common man wants to construct his own house but impossible for him in limited resources adding the government having a solid and comprehensive strategy regarding this programme.

To a question, he said the government’s role is as a facilitator in this programme with no plan for investment, adding that one window operation has planed while private sector will do mortgage financing and builder.

Responding to a question, he said in this 5 million houses programmes, the government has decided to construct 40 percent houses in rural areas, 40 percent in urban and 20 percent in slums areas respectively, as land has already available in rural and slums areas adding that ‘public-private partnership and private- private partnership’ will further support and share the government’s responsibility for finalizing the programme.

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