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KP announces incentives for construction firms

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KP govt in collaboration with PHF would construct 20,000 grey structure houses under Naya Pakistan Housing scheme in Sarozai
our correspondent
PESHAWAR
The Khyber Pakhtunkhwa government has reduced and eliminated different taxes to facilitate construction industry in line with the Prime Minister Imran Khan’s vision to boost the sector.
Provincial Minister for Housing Dr Amjad Ali addressing a news conference along with Special Assistant to CM on Information and Local Government Kamran Bangash here on Thursday, said that construction of houses has already been started in a large number of housing societies across the province.
He said the federal government has introduced the bank home finance facility for construction of houses, so that to provide shelter to the low-income strata. He said the Khyber Pakhtunkhwa government in collaboration with Pakistan Housing Foundation would construct 20,000 grey structure houses under Naya Pakistan Housing scheme in Sarozai area of Peshawar, for which the balloting process has already been completed.
He said the total cost of the project is Rs97 billion. Dr Amjad said the provincial government has a special focus on the housing sector in the province, as the construction of houses would promote various allied industries, and would generate employment opportunities in the province.
He said the purpose of the housing department is not to earn profit from people, rather to provide them housing facilities on a no-profit no-loss basis. The housing minister said the housing department has provided two percent quota to journalists in Sarozai housing scheme, while quota would also be provided to them in Jalozai housing scheme.
He said around 85 percent of the construction work has been completed in the Jalozai housing scheme, and the possession letters would be awarded to the allottees in December this year. He stated the housing department was going to further extend the Jalozai housing scheme by around 5000 Kanal.
Dr Amjad Ali stated the provincial government has sent letters to various district administrations to identify land for Naya Pakistan Housing scheme. He said all of the housing schemes of the provincial government are on barren land and no scheme would be allowed on agricultural land in the province.
He said the housing department in collaboration with Federal Employees Housing Authority would build a 20plus stories high-rise apartments building in Nishtarabad area of Peshawar, which would be completed at a cost of 15bn rupees. He said 90 percent work on Hayatabad High Rise building for government employees has been accomplished, while the balloting process has already been completed. He added the Civil Quarter Kohat Road flats scheme for government employees would be completed in 2022.
While addressing the press briefing, Kamran Bangash said the local government department has written to the Federal Investigative Agency (FIA) to take actions against the illegal housing schemes in the province. He said the government would make no compromise on illegal housing schemes.
He said Prime Minister Imran Khan has given a comprehensive strategy on the housing sector in the country. He said the previous government had only raised slogans of houses, while the incumbent government is taking concrete steps for it.