Prime Minister Shehbaz Sharif on Thursday directed authorities to create a practical strategy to attract investment in the construction and housing sector. He emphasized that all stakeholders, including provincial governments, Azad Jammu and Kashmir, and Gilgit-Baltistan, should be part of this effort.
Chairing a meeting on housing sector investment, low-cost housing, and job creation, the prime minister said homeownership is a basic right for every citizen. He added that providing easy loans for housing remains a top government priority.
“There is significant potential for investment in the country’s housing sector. Obstacles to investment will be removed to utilize this fully,” the prime minister said. He also assured that investments by foreign investors and overseas Pakistanis would be fully protected.
Officials presented updates on proposals from task forces and working groups in the construction and housing sector. They said special initiatives are being introduced to encourage investment by foreign investors and overseas Pakistanis. These initiatives are expected to increase residential construction, boost economic activity, and create jobs.
The prime minister highlighted that promoting investment in the construction sector will not only stimulate economic growth but also generate millions of employment opportunities.
Significant progress has been made on legal reforms in the sector, officials said. Legislation is now in its final stages. The government aims to simplify regulations and provide a clear framework for developers and investors. These legal reforms are expected to make the housing market more attractive and secure for both local and foreign investors.
Additionally, a system for low-cost loans for affordable housing projects has been implemented. Banks will soon receive specific targets to further support these projects. Efforts to develop a full mortgage finance ecosystem and a comprehensive developer-led financing system are also moving quickly.
Prime Minister Sharif directed that all measures for the housing construction sector be finalized and implemented effectively as soon as possible. The meeting was attended by federal ministers, provincial chief secretaries, private sector experts, and other senior officials.
With these steps, the government aims to make housing more accessible, attract investment, and strengthen economic growth through legal reforms and structured financing.
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