Govt committed to build five million houses for low income groups, NA informed.

ISLAMABAD -- Minister for Housing and Works Chaudhry Tariq Bashir Cheema has reaffirmed the government's commitment to build five million houses to provide shelter to the homeless people.

Responding to the queries of the members during question hour in the National Assembly on Wednesday, he said Naya Pakistan Housing Authority has been established and this is being headed by the Prime Minister Imran Khan himself to provide homes to the low income groups.

The Minister said efforts are in hand to bring down the interest rate for construction of homes to single digit. In this regard, discussions with the FBR, State Bank of Pakistan and Commercial Banks are in process.

Tariq Bashir Cheema said Japan and Italy have almost agreed to provide us a handsome amount of grant which will be used to provide houses to the federal government employees below the scale of fifteen on fifty percent subsidy.

Parliamentary Secretary for Industries Aliya Hamza Malik told the house that one billion dollars investment has been attracted in the automobiles sector over the last one and a half years. She said eighteen new entrants have entered the Pakistani market whilst six manufacturers have started production of vehicles. She said this will...