PM Imran performs groundbreaking of Farash Town apartments in Islamabad

PM Imran performs groundbreaking of Farash Town apartments in Islamabad

Islamabad (Web Desk): Prime Minister Imran Khan performed the groundbreaking of Farash Town apartments in Islamabad on Thursday under Naya Pakistan Housing programme.

Addressing the ceremony, the premier said that the project envisaging construction of two thousand flats is aimed at providing shelter to the underprivileged segments of the society including workers and labourers.

He said he will soon perform groundbreaking of peri-urban housing society for the farmers.

“A plan has also been prepared to convert the slums and equip them with the modern facilities including that of sanitation and sewerage,” the prime minister said adding that the slum dwellers will be given houses on proprietary rights.

PM Imran said that the mortgage facility has been introduced to provide loans to the people on easy installments so that they could construct the houses, the Radio Pakistan reported.

“Negotiations are continuing with the banks to remove any impediments,” he added.

PM Imran regretted that the economy was mismanaged in the past. He said such loans were taken in the past which instead of wealth creation further increased the burden of loans.

He said that the government is focusing on wealth creation projects to retire the country's debt.

He said these include Ravi City and Central Business District in Lahore whilst negotiations are being held with the Sindh government to develop the Bundal Island. He was confident that these projects will attract massive investments.

“The projects to be executed under Naya Pakistan Housing Program will also uplift the thirty industries allied with the construction sector,” the PM asserted.

PM Imran expressed satisfaction over increased activity in the construction industry. He pointed out that the cement sale remained at record level last year while growth has also been witnessed in the tax collection which indicates the business activity has increased in the country.

“It is the first time that the country's textile industry is witnessing a record boom,” the premier noted, adding that the small and medium enterprises will also be uplifted to increase their share in the economy.

Prime Imran Khan said that the government has envisaged upgradation of railway line from Karachi to Peshawar. He said negotiations are also continuing to take the train service to the Central Asian States to promote regional trade.