Islamabad: Prime Minister Shehbaz Sharif has instructed authorities to devise a strategic plan aimed at amplifying investment in Pakistan’s housing and construction sectors. This initiative underscores the government’s commitment to facilitating homeownership and stimulating economic growth through job creation.

According to Radio Pakistan, the directive was issued during a high-level review meeting held in Islamabad, where the Prime Minister emphasized the importance of providing loans on favorable terms to support citizens’ right to own homes. He urged the inclusion of Azad Kashmir, Gilgit-Baltistan, provincial governments, and stakeholders from both public and private sectors in the strategy development process.

The Prime Minister highlighted the significant investment potential within the domestic housing sector and pledged to remove barriers hindering investment. He assured that investment protection for foreign investors and overseas Pakistanis would be prioritized. The meeting also featured briefings from the Task Force on Construction and Housing Sectors, detailing progress on recommended measures and ongoing efforts to attract foreign investment.

Participants were informed about the implementation of a low-cost loan system for housing projects, with banks expected to receive specific targets in the next phase. Additionally, efforts are underway to establish a comprehensive mortgage finance ecosystem and developer-led financing for residential construction. Prime Minister Sharif directed the finalization and swift implementation of comprehensive measures to advance the residential construction sector.