Prime Minister Orders Practical Steps to Expand House Finance for Common Citizen

Key Points

• PM Shehbaz Sharif holds meeting on housing and finance facilities.
• Focus on providing affordable house finance for common citizens.
• Tax structure reforms for construction sector under discussion.
• Public‑private partnerships planned for low‑income housing projects.
• Real Estate Regulatory Authority to be established.
• Federal and provincial agencies to collaborate on housing finance solutions.

Summary

Prime Minister Shehbaz Sharif chaired a key meeting at the Prime Minister House, directing ministries and authorities to take practical steps to make housing finance more accessible for common people. He emphasized reforms in tax structures for the construction industry and encouraged public‑private cooperation to develop low‑cost housing for the general population.

Detailed News

PM’s Directive on House Finance

In a high‑level meeting focused on housing policy and finance, the Prime Minister highlighted the need to deliver effective house finance facilities to ordinary citizens. He said that making accommodation affordable and expanding access to housing loans remain top government priorities.

Reforms and Strategic Planning

Officials presented the government’s strategic roadmap for housing and construction, outlining plans to reform tax structures in the construction sector. Consultations with the Federal Board of Revenue and provincial authorities are underway to standardize taxes to boost construction activity and reduce costs for home buyers.

Public‑Private Partnerships and Regulation

The premier asked for a comprehensive strategy to build homes for low‑income groups through public‑private partnerships. A Real Estate Regulatory Authority is being established to oversee housing and real estate sectors, ensuring transparency and efficiency in the market.

Coordination on House Finance

Ministry of Housing & Works officials informed the meeting that the Real Estate Investment Trust collaboration with the Ministry of Finance, Federal Board of Revenue, the Securities & Exchange Commission, and provincial governments aims to explore innovative housing finance models and expand mortgage access nationwide.