Islamabad, November 11, 2013 (PPI-OT): Minister of State for Housing and Works Barrister Usman Ibrahim chaired a meeting of committee on low cost housing, constituted under the directions of Prime Minister of Pakistan, here today.
The committee has been assigned the task to formulate policy recommendations to facilitate and invigorate the low and medium income housing sectors in Pakistan.
In this regard, under the chairmanship of the Minister of State, the committee broadly discussed areas including prevailing tendency laws; framework for providing legal protection to buyers in the housing sector; changes in low cost housing by-laws and rules; framework on mortgage laws concerning low cost housing sector; foreclosure and repossession laws as well as acquisition of evacuee trust property.
The committee will present report of this meeting to Prime Minister. The meeting was attended by Umar Rasool Joint Secretary Housing and Works, representatives from Ministry of Law and Justice, Ministry of Finance, State Bank, and senior members from provincial housing ministries and others from the private sector.
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