Pakistan Housing Authority announces new housing policies

During the 58th Board of Directors meeting of the Pakistan Housing Authority (PHA) Foundation, chaired by Federal Minister for Housing and Works Mian Riaz Hussain Pirzada on Wednesday key decisions were approved regarding financial investments, project auctions, installment deferments, and housing policies designed to assist allottees and optimize resources.

The board confirmed the minutes of the 57th BoD meeting and approved an investment of Rs339 million in Government Securities and Treasury Bills based on the current State Bank yield rates. Additionally, it was decided to auction canceled apartments and shops in the Lahore and Islamabad projects. In order to support allottees, the board approved a one-year deferment of the installment schedule for the Kuchlak Road project in Quetta due to unavoidable delays at the construction site. 

Regarding the auction of commercial plots at Kuchlak Road, the process was temporarily halted to revise the layout plan for the commercial area, ensuring maximum profit and efficient land use. The board also endorsed the successful auction bids for six shops in the I-16/3 project and one canceled apartment in the G-11/3 project, Islamabad, resulting in an increase of Rs8.3 million. 

Furthermore, temporary spaces for shops or cabins in the I-16/3 project were approved to assist the residents. Moreover, the board approved the allotment of housing apartments to PHA officers under a 1 percent quota with permanent seniority. 

They also granted approval for a mandatory management course for mid-career technical officers in the PHA. These measures aim to enhance the PHA’s operations and improve services for the public.