The prime minister’s low-cost housing initiative is under threat due to the rise in steel and cement prices. The construction costs of projects have gone up which could result in the builders not being able to deliver in the price limits set by the government, rendering the whole initiative unsustainable.
Managing Editor GVS sits down with Mr. Razak Dawood to understand the export challenges faced by the government and how it intends to deliver. He provides a framework that the government is working on to cope with all these challenges and to achieve the targets set forth.
Zeeshan Ali Khan, founder & CEO, Zameen.com, sits down with GVS for a detailed discussion on how digitalization is transforming the country’s real estate sector and how PM Khan's success in kick-starting a housing mortgage market can be a game-changer.
The government should negotiate with the IMF to secure a two-year extension for the amnesty scheme offered to the construction industry that ended on 30 June, 2021.
Tariq Bashir Cheema, Minister for Housing and Works, elaborates on the significance of the construction sector and the role of the prime minister's initiative on low-cost housing in boosting the country's economy.
Editor GVS sat down with Chairman, Naya Pakistan Housing Development Authority (NAPHDA), Gen. Anwar Ali Hyder to discuss Prime Minister's initiative on low-cost housing.
Overview of the challenges highlights the lack of mortgage financing driven primarily by weak foreclosure laws and inadequate land registration and titles documentation, among other reasons.
The construction industry continues to face severe obstacles shaking the confidence of builders, developers, and investors. The Government needs to direct more attention to this vital sector.
