PHA to develop six pilot housing projects

Islamabad: The government has asked Pakistan Housing Authority (PHA)to launch mega housing projects to overcome the shortfall of residential accommodation in the country and six pilot housing projects in Islamabad, Lahore, Karachi, Quetta, Multan and Larkana will be initiated in a week, said Rehmatullah Khan Kakar, Federal Minister for Housing and Works.

'These projects will help end shortage of housing units besides providing shelter to poor and needy,' Kakar stated this while talking to a delegation from Malaysian NAMFATT Corporation headed by its Chief Executive David Chan, who is currently on a visit to Pakistan.

He said mega housing projects being launched by the government would offer unprecedented investment opportunities to the local and foreign construction companies besides generating tremendous socio-economic activities.

The minister said Malaysia has made tremendous socio-economic development in a short span of time and the government would welcome NAMFATT investment in the upcoming housing projects with a view to learning a lot from each other's experiences in the housing and construction fields.

The Chief Executive of NAMFATT briefed the minister about his company's participation in mega housing projects in various countries including construction of 6,500 affordable apartments in Thailand.