PM Imran Khan performs groundbreaking of Farash Town apartments, vows to convert slums into apartment of modern facilities

The Prime Minister (PM) Imran Khan has said that a plan has also been prepared to convert the slums and equip them with the modern facilities including that of sanitation and sewerage. He said the slum dwellers will be given houses on proprietary rights.

According to media reports, the Prime Minister has expressed these views while addressing a ceremony after performing the groundbreaking of Farash Town apartments in Islamabad on Thursday under Naya Pakistan Housing program. He 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.

Imran Khan has said on the occasion that he will soon perform groundbreaking of peri-urban housing society for the farmers. He said the mortgage facility has been introduced to provide loans to the people on easy installments so that they could construct the houses. Negotiations are continuing with the banks to remove any impediments.

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

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The Prime Minister further stated that the Pakistan Tehreek-e-Insaaf (PTI) 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.

Imran Khan was confident that these projects will attract massive investments. He said the projects to be executed under Naya Pakistan Housing Program will also uplift the thirty industries allied with the construction sector.

The Premier 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.

PM Imran Khan said it is the first time that the Pakistan’s textile industry is witnessing a record boom. Small and medium enterprises (SMEz) will also be uplifted to increase their share in the economy.

“We have envisaged upgradation of railway line from Karachi to Peshawar. Negotiations are also continuing to take the train service to the Central Asian States to promote regional trade,” he added.