2020 will be year of jobs, vows Pakistan PM
Pakistan Prime Minister Imran Khan promised that 2020 would be the year of jobs and housing facilities for deserving people and said it was his government's mission to construct homes for low-income groups of society, Dawn reported.
Pakistan Prime Minister Imran Khan promised that 2020 would be the year of jobs and housing facilities for deserving people and said it was his government's mission to construct homes for low-income groups of society, Dawn reported.
“Before this, the government system was a bit slow but now we have taken off and 2020 will be the year of jobs, housing and improving of growth rate,” Khan announced.
Khan vowed that as the income of government would increase, more funding would be available for housing, education and provision of justice to the poor people.
He said non-existence of foreclosure laws was one of the main hurdles in housing financing by banks. This facility was the world’s lowest in Pakistan, he said. “Banks in India finance 10 per cent of total housing, it is 30 per cent in Malaysia, 80 per cent in Europe and UK and only 0.2 per cent in Pakistan,” he added.
He said it was top most priority of the government to create resources and job opportunities for the people, particularly poor. The construction of five million housing units would provide job opportunities to millions of people besides boosting 40 other industries directly linked with the housing sector, he added.
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