ISLAMABAD: Prime Minister Shehbaz Sharif chaired a meeting to review progress on promoting investment in the housing sector, provision of low-cost housing, and job creation.
During the meeting, the Prime Minister stated that owning a home is the right of every citizen, and providing loans on easy terms remains the government’s top priority. He emphasized that obstacles hindering investment in the housing sector will be removed to fully utilize its vast potential.
He also directed authorities to ensure the protection of investments made by foreign investors and overseas Pakistanis. According to him, increased investment in the construction sector will boost economic activity and create millions of job opportunities.
The Prime Minister instructed relevant departments to formulate a practical strategy to promote investment in construction and housing. He stressed that the plan should involve public and private sectors, as well as stakeholders from provinces, Azad Kashmir, and Gilgit-Baltistan.
The meeting was briefed on proposals from task forces and working groups related to the construction and housing sectors, along with updates on progress regarding approved measures.
Officials informed that work is underway on special incentives for foreign investors and overseas Pakistanis, legal reforms, and a loan system for low-cost housing projects.
Banks will be assigned targets in the next phase, while efforts are also ongoing to develop a comprehensive mortgage finance ecosystem and a developer-led financing model.
The Prime Minister directed that all measures aimed at boosting the housing construction sector should be finalized and implemented promptly.
The meeting was attended by federal ministers, the Attorney General, the Governor of the State Bank, representatives from provinces, Gilgit-Baltistan and Azad Kashmir, as well as experts from the private sector and senior officials.
