Naya Pakistan Housing & Development Authority

Naya Pakistan Housing & Development Authority (NAPHDA) is the national construction organization of the Government of Pakistan.[1][2] NAPHDA is responsible for real estate projects' planning, development, construction and management.[3]

NAPHDA
Naya Pakistan Housing & Development Authority
Formation15 January 2020
Key people
Lieutenant General Anwar Ali Hyder, HI(M) (Retd)
Websitehttps://naphda.gov.pk/

According to the State Bank of Pakistan, there is a glaring shortfall of approximately 4.4 million housing units in major cities, highlighting a substantial mismatch between demand and supply in urban housing as of 2015. If present patterns persist, it is projected that by 2035, the five largest cities in Pakistan will be responsible for a staggering 78 percent of the overall housing deficit. This alarming situation underscores the inadequacy of government policies in effectively addressing the pressing housing needs of the population.[4]

Lieutenant General Anwar Ali Hyder, HI(M) (Retd.) is the chairman of NAPHDA.[5][2]

History

Naya Pakistan Housing & Development Authority was established on 15 January 2020.[5][2] Senate of Pakistan passed Naya Pakistan Housing and Development Authority Bill 2019.[6]

Subsidy

Naya Pakistan Housing Authority has been provided a subsidy of Rs 30bn.[7]

1,820 applications out of over 8,000 received applications have been approved with an amount of Rs 5 billion.[8]

See also

References
  1. https://naphda.gov.pk/
  2. "Private banks to finance Naya Pakistan Housing Scheme: chairperson | SAMAA". Samaa TV. Retrieved 2021-01-22.
  3. "President promulgates Naya Pakistan Housing, Development Authority Ordinance – Business Recorder". Retrieved 2021-01-26.
  4. "The six biggest challenges facing Pakistan's urban future". International Growth Centre. 2017-01-16. Retrieved 2023-07-18.
  5. "NAPHDA | Naya Pakistan Housing & Development Authority".
  6. "Senate passes Naya Pakistan Housing Authority bill". The Express Tribune. 2020-01-14. Retrieved 2021-01-25.
  7. Reporter, The Newspaper's Staff (2020-06-13). "Subsidy bill slashed by 40pc". DAWN.COM. Retrieved 2021-01-25.
  8. Report, Recorder (2021-02-12). "Mark-up subsidy scheme: Over 8,000 applications received, Baqir tells PM". Brecorder. Retrieved 2021-02-12.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.