President Alvi Has Presented the Naya Pakistan Housing Authority Ordinance In NA

ISLAMABAD:

President Dr Arif Alvi ordered three ordinances for the promulgation of housing schemes in country and also one for the establishment of Naya Pakistan Housing Authority and have been presented to National Assembly on Monday.

According to the Lower House Agenda, Tariq Bashir Cheema, Housing and Works Minister, has issued the Naya Pakistan Housing Authority Ordinance 2019, as required by Article 89(2) of the Constitution, in front of the Lower House.

Three officials are striving for the vision of Prime Minister Imran Khan, under the government's flagship programme, Naya Pakistan Housing Program (NPHP), of building five million housing units in the country.

The president of the National Housing Authority of Naya Pakistan (NPHA) and the Federal Government's Employees Housing Authority (FGEHA) issued 3 separate ordinances and the third linked to the foreclosure legislation that would promote house finance banks.

The government did not opt to lay the bills in the parliament because of fear that opposition, which is in majority in Senate, would never let such bills passed in the parliament.

Secretary-General Farhatullah Babar of the Pakistan People's Party (PPP) said that the govt would have to put the order in both parliamentary houses, but first in the house where the session has come first.

In accordance with the 18th Constitutional amendment (Article 89), the length of the order is 240 days, the first time being passed for 120 days and then being able to be extended once for 120 days.

Naya Pakistan Housing Authority

The NPHA has been created for the purpose of fulfilling the goal of Prime Minister Imran Khan in five years to build 5 million houses in the country. The goal of establishing the authority is to prevent dependence on the purchase of property on other development authorities such as the Capital Development Authority (CDA) in Islamabad, the Lahore Development Authority (LDA) and Karachi Development Authority.

Now the NPHA can directly purchase the property from landowners where the project is planned. NAPHA will deal only for the general public with or initiate housing projects.

Foreclosure laws: One of these is linked to foreclosure legislation where banks are empowered to seize or auction the property if the owners fail to pay back the loan to the banks.

Without this law, banks are said to be unwilling to offer residential loans in the fear that borrowers will not repay their loan within the specified time period.