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PM orders establishment of real estate regulatory body

By Syed Irfan Raza 2020-07-24
ISLAMABAD: Issuing directives for establishment of a real estate regulatory body, Prime Minister Imran Khan on Thursday asked the provinces to prepare a road map for a one-window facility and online approval of cases relating to construction and housing sectors.

Presiding over a meeting of the National Coordination Committee on Housing, Construction and Development, the prime minister directedtheprovincialchiefsecretaries to submit within week a road map for launching a one-window facility and online approval of permits, fee payments and parallel working of all departments related to the housing sector.

`Make approvals like no objection certificate and others within a stipulated time, and the officials showing negligence or creating unnecessary hurdles must be dealt with strictly,` he ordered.

A source told Dawn that the country`s real estate tycoons and the Association of Builders and Developers had expressed reserva-tions over formation of the Real Estate Regulatory Authority and the government was trying to address theirconcerns.

The meeting was attended by Information Minister Shibli Faraz, special assistants to the prime minister Malik Amin Aslam, retired Lt Gen Asim Saleem Bajwa and Dr Shahbaz Gill, Naya Pakistan Housing and Development Authority chairman retired Lt Gen Anwar Ali Haider, the State Bank of Pakistan governor, secretary housing and chief secretaries of Punjab, Khyber Pakhtunkhwa and Gilgit-Baltis t an.

The chief secretaries of Balochistan and Sindh, additional chief secretary of Azad Jammu and Kashmir and presidents of the National Bank of Pakistan and Khyber Banl( participated in the meeting through video link.

The prime minister said the government had given an unprecedented incentives package for the construction industry to accelerate the economic activity, promote allied industries and provide housing facility to the common man, particularly the low-income groups. The government, he said, was resolved to ease the processes in this regard to ensure that maximum number of people benefited from the facility.

Prime Minister Khan emphasised the need for utilisation ofinformation technology at all levels in the construction sector to make it swifter and easier.

For promotion of the mortgage facility for construction of low-cost houses for the low-income groups, he directed the finance ministry and the State Bank to Enalise the process of providing subsidy to banks to remove hassles.

The Lahore Development Authority chairman briefed the meeting on the LDA City project under the Naya Pakistan Housing Programme.

The Sindh chief secretary told the meeting that as per the prime minister`s directive, the ratio of taxes had been reduced in the province bringing it on a par with those in Punjab and KP.

The chief secretaries of Punjab and KP briefed the meeting on the measures taken by their respective provinces tofacilitate the construction industry like the launch of portal and establishment of e-Sahulat centres.

Internet facility At a separate meeting, Prime Minister Khan issued directives for improving the internet facility in backward areas of the country to take full advantage of potential of the country`s youth.

`Availability of internet and its vast coverage are vitalfor utilising potentialofthe youthinrealsense and toensure easy access to education,` he said while chairing a meeting at the Prime Minister Office on enhancing and improving the coverage of internet in the country.

`Provision of internet has become a need in present time,` he added.

The prime minister directed the Universal Service Fund (USF) to take necessary steps to provide easy and cheaper internetfacilityin schools.

The prime minister was apprised that the USF was paying special focus on laying an optic Ebre to ensure provision of better internet services. The meeting was informed that 1,800km-long fiber optic had been laid in various parts of Balochistan and Khyber Pakhtunkhwa over the past two years, while 4,600km fiber optic wouldbe laidin547union councils thisyear.

Talking about the incentives being given to the telecom sector, the prime minister formed a committee comprising his adviser on finance Dr Hafeeez Shaikh, Minister for Defence Production Zubaida Jalal, Minister for Planning and Development Asad Umar, Minister for Information Technology Syed Aminul Haq and Minister for Federal Education and Professional Training Shafgat Mehmood to present its recommendations regarding improvement of internet facility and its reach to far-flung areas of the country.

Afghan trade through Gwadar Port At another meeting held to review the performance of the Ministry of Maritime Affairs, the prime minister was informed that the government had started Afghan trade from the newly constructed Gwadar Port.

PM Khan directed that all projectsrelated to the Gwadar Port be completed within the stipulated time and said that due to its geographical location the port would play an import role in progress and economic uplift of the country.

Minister for Maritime Affairs Ali Zaidi presented a detailed brieñng on the 22-month performance of his ministry and said that despite several problems inherited from the last government, a number of initiatives had been taken by the ministry.

The meeting was informed that the country had a huge potential of `blue economy` but unfortunately the sector was ignored in the past. It was told that the present government was devising a road map for progress anduplift ofthis sector.

Keeping in view the sector`s potential and importance, the prime minister declared 2020 as `the year of blue economy` `The meeting was apprised of several projects related to Gwadar Port and thatthe government has started Afghan trade from the port,` said a press release issued by the PM Office.

The achievements of the maritime af fairs ministry highlighted by Mr Zaidi included provision offacilities toinvestorsunderthe shipping policy-2019, retirement of Rs4.7 billion debts, inclusion of two new oil tankers in the official fleet, auction of vehicles under PM`s austerity drive, functioning of a new jetty at Boat Basin, shortlisting of 11 private companies for a dry and bulk cargo terminal, recovery of Rs2.2bn, record increase in the profit of the Port Qasim Authority (PQA) over the last two years, cargo handling of 270 vessels/ships despite the coronavirus situation, planting of one million mangrove plants under the PM`s Green Pakistan vision, completion of a study for master plan of the PQA, establishment of new terminals and restoration and improvement of infrastructure.