Economics & Business

Minister seeks Chinese support for construction of housing units

ISLAMABAD: Pakistan seeks China’s support for he construction of housing projects for low-paid government employees as government has planned to raise one million houses per annum in the country. Federal Minister for Housing and Works Rehmatullah Kakar expressed these views in a meeting with Chinese 3-member delegation, which called on him headed by its Ambassador Mr. Luo Zhaohui here on Thursday.

The Minister said Pakistan needs financial support of China government directly for the housing projects and added Pak-China Investment Company has already been established last year in June, which will also invest in our construction industry. Chinese individual construction companies will also be involved for the purpose.

He said that the Pakistan Housing Authority (PHA) is also working on a plan to construct 37,000 housing units for federal government employees of Grade 1-16 and Grade 17-22 on the pattern of Army Welfare Trust, which would be given to them on ownership basis after retirement. He said that foreign construction companies including China have, so far, conveyed their expressions of interests to Pakistan to participate in the housing mega scheme where conventional as well as modern techniques of construction would be applied.

The minister said besides meeting the growing demand of housing units, the mega scheme would also provide job opportunities to thousands of people causing alleviation in poverty in the country. The ambassador said China will extend all possible help to Pakistan for its mega projects regarding construction of housing units and will provide preferential credit on soft interest.-SANA

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Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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