Prime Minister Shehbaz Sharif chaired a high-level review meeting on promoting investment in Pakistan’s residential sector, emphasizing low-cost housing, job creation, and protection of both domestic and foreign investments.
The prime minister reiterated that owning a home is a basic right of every citizen. He directed authorities to provide loans on easy terms to ensure wider access to residential projects.
A system of loans for low-cost housing has already been implemented, with targets assigned to banks to accelerate financing. These measures aim to increase residential construction and create employment opportunities across the country.
Investment potential
Highlighting the vast investment potential in Pakistan’s housing sector, Prime Minister Sharif stressed that obstacles hindering investment would be removed for full utilization.
He assured that protections would be in place for both foreign investors and overseas Pakistanis to boost confidence and attract capital into the residential construction industry.
Comprehensive strategy
PM Shehbaz instructed relevant authorities to formulate a workable, actionable strategy to promote residential sector investment. All stakeholders, including provincial governments, will be consulted to ensure coordinated implementation.
Briefings during the meeting included proposals from the task force and working groups on construction, residential projects, and legal reforms. Legislation for facilitating residential construction is reportedly in its final stages.
Efforts are underway to establish a comprehensive mortgage finance ecosystem. In addition, developer-led financing models are being formed to further streamline investment in housing projects.
These initiatives are expected to not only increase housing availability but also generate millions of jobs, stimulating the broader economy.
