MoU signed for Naya Pakistan housing society Islamabad

In the second week of April the Memorandum of Understanding for Naya Pakistan Housing project Farash town Islamabad was signed in the Presence of Prime Minister Imran Khan. The MoU was signed between Naya Pakistan Housing Development Authority (NPHDA), Capital Development Authority (CDA) and Frontier Works Organization (FWO), which will jointly carry out the project.
Under this project 4000 flats will be constructed by the government out of which 2,000 flats will be allotted to those who had registered themselves under the Naya Pakistan Housing Programme, while 1,600 flats will be sold out on an open market basis by Capital Development Authority. According to details the government is planning to provide 600 flats to slum dwellers as well.
While speaking at the occasion Prime Minister Imran Khan said that the main purpose of this project is to provide shelter to the underprivileged segment of society, particularly the working class and labourers. He further said that the project has been designed is such a way that within a time-frame of two years, people would be able to move into their houses with ownership rights. he said that he was very confident that development of Lahore’s Ravi Urban Project and Central Business District and Sindh’s Bundal Island would attract substantial amount of foreign investment in the country.
Interior Minister Sheikh Rashid Ahmed while speaking at the occasion made a special announcement that announced that in the upcoming Media City, 600 flats would be provided to the journalists of Islamabad and Rawalpindi, for which he said, he had convinced Chief Commissioner of Islamabad Amer Ahmed Ali and Deputy Commissioner Hamza Shafqat.