Work on the Naya Pakistan Housing Program remains stalled due to a price hike of essential construction items. It is now becoming a major challenge for Naya Pakistan Housing and Development Authority (NAPHDA) to provide housing units for poor and needy people. Even though the housing crisis is a growing concern for the incumbent government, not even a single brick has been laid so far by NAPHDA itself, a corporation established to deliver 5 million housing units to the citizens.
NAPHDA acquired a hefty loan of Rs 80 billion from the State Bank of Pakistan to subsidise housing units for the poor. The increase in the construction cost affected the development of the Housing Program. The essentials needed for the construction of a house, including labour, cement, brick, and barring, have shown a 40 percent increase from 2018 to date. The government is trying to increase the subsidies for buyers and incentivise the builders to execute the programme.
NAPHDA acts as an umbrella that oversees all those projects. It is only responsible for giving clients to the builders and spotting out the most deserving ones (poor people) to be awarded housing units. It also creates employment opportunities for both skilled and unskilled human resources.
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