Government says it created 'sustainable ecosystem' for construction of low-cost housing units

Laborers work on an under construction house on the outskirts of Islamabad, Pakistan, on June 14, 2020. (AFP/File)
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Updated 10 February 2022
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Government says it created 'sustainable ecosystem' for construction of low-cost housing units

  • PM Khan tells National Coordination Committee the government's house building scheme will help create 1.2 million jobs
  • The prime minister says over 70,000 housing projects worth Rs1.4 trillion had been approved in Pakistan

ISLAMABAD: The Pakistan government has managed to create a "sustainable ecosystem" for the construction of low-cost housing units in the country, said a statement released by Prime Minister's Office on Thursday after a meeting of the National Coordination Committee on Housing, Construction and Development in Islamabad.

The meeting was chaired by Prime Minister Imran Khan who launched his administration's flagship Naya Pakistan Housing Program in April 2019 to provide shelter to financially vulnerable families.

Khan said over 70,000 housing projects worth Rs1.4 trillion had been approved in Pakistan, adding it would have an impact of Rs7.3 trillion on the construction industry and help create 1.2 million jobs.

"The meeting was briefed that for the very first time in the history of Pakistan a sustainable ecosystem for low-cost housing has been developed and implemented which has enabled the sector to achieve exponential growth," said the official statement. "The foreclosure law has been implemented in letter and spirit and long-term loans (of up to 20 years) with subsidized markup (as low as only 2 percent) are being given."

The statement added the meeting was also briefed about the transparent and automated system to receive and process applications which had resulted in targeting the needful lower- and middle-income classes.

"The Pakistan Tehreek-e-Insaf government has achieved huge milestones regarding the provision of low-cost housing to lower and middle-income classes," the prime minister told the participants of meeting. "Our government's biggest challenge was to change the elitist mindset of financial institutions and ensure facilitation of common people in getting loans."

He informed that applications worth Rs7 billion were received every week out of which Rs4 billion were approved and Rs2 billion disbursed, adding that it reflected that the system was working efficiently.

The statement maintained a total of 161,924 low-cost housing units had been approved, out of which 45,191 units were under construction and 20,898 units had been completed.

It said these numbers were significant since the construction sector "was in shambles" before the introduction of government subsidies, foreclosure law and low-cost housing scheme.

The prime minister also directed to complete the projects within their stipulated timeframes and emphasized to further improve the process of low-cost housing unit construction.


Pakistan warns India-Canada uranium deal could widen nuclear imbalance in South Asia

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Pakistan warns India-Canada uranium deal could widen nuclear imbalance in South Asia

  • Islamabad says assured uranium supplies could free India’s domestic reserves for military use
  • Foreign office calls for non-discriminatory nuclear cooperation framework for non-NPT states

ISLAMABAD: Pakistan on Thursday voiced concern over a uranium supply agreement and nuclear technology cooperation between India and Canada, warning the arrangement could expand India’s nuclear arsenal and undermine the global non-proliferation framework.

The statement came after Ottawa and New Delhi concluded a long-term deal covering uranium supplies and potential cooperation in advanced nuclear technologies, including small modular reactors.

The agreement was announced earlier this week as part of efforts by the two countries to deepen energy and economic ties. Canada has previously supplied uranium to India under a civilian nuclear cooperation framework first agreed in 2010 and implemented in 2013, with commercial supply contracts signed in subsequent years.

“Assured external uranium supplies effectively release India’s domestic reserves for military use, enabling the expansion of its fissile material stockpiles, accelerating the growth of its nuclear arsenal, and deepening existing asymmetries in South Asia’s strategic balance,” foreign office spokesperson Tahir Andrabi said in a statement while responding to media queries.

“The arrangement also undermines Canada’s commitment to the international non-proliferation regime and its corresponding obligations under that framework,” he added.

Andrabi said the agreement represents another country-specific exception in civilian nuclear cooperation, noting that India’s 1974 nuclear test — conducted using plutonium produced in a Canadian-supplied research reactor — led to the creation of the Nuclear Suppliers Group (NSG).

“A state whose actions necessitated the establishment of global export controls is now being granted preferential access under selective arrangements,” he added.

The foreign office spokesperson said India has not placed all of its civilian nuclear facilities under International Atomic Energy Agency safeguards and has not made binding commitments under the new arrangement to do so.

He also pointed out it was unclear what concrete non-proliferation assurances accompanied the agreement.

“Pakistan reiterates that civil nuclear cooperation must be governed by a non-discriminatory, criteria-based approach applicable equally to states that are not parties to the Nuclear Non-Proliferation Treaty (NPT),” Andrabi said.

“Selective exceptions diminish the credibility of the global non-proliferation framework and risk further destabilizing regional and global peace & security.”