Prime Minister Imran Khan has said that government will facilitate the construction sector to help provide housing facility to the people.

Addressing a ceremony in Islamabad on Wednesday after groundbreaking of construction of 20,000 housing units in seven projects, the PM said the construction of houses would be undertaken by private sector and the government would provide it full facilitation in this task. 

Appreciating the decision of Lahore High Court on foreclosure laws, he said this step would revolutionise the housing sector in Pakistan. He said in Pakistan the housing financing is 0.2 percent, which is very low compared to many regional and international countries. The prime minister said he realised the interest rate is quite high but it was necessary to contain inflation and deficits.

However, the financial situation has improved in recent months and it will now be easier for people to construct homes after taking loans from banks, he added.

Imran Khan said the government was taking steps to facilitate the construction sector by removing bottlenecks and impediments in their way.

The Prime Minister said the Naya Pakistan Housing Authority would not only provide housing facility to federal employees, but will also give strength to forty industries allied with the construction sector, and creating employment opportunities for youth.

Defending the vertical housing concept, the prime minister said new master plans of the cities would cater to the availability of green areas and land for farming and other activities.

The prime minister said the proceeds obtained from launching of Blue Area in Islamabad and two other commercial projects in other cities will be used to accommodate people of slums and shanty areas, so that they get a decent living in vertical housing units.

He said a uniform syllabus will be introduced in the country by next year, in order to remove different cultures in the country.