Naya Pakistan Housing & Development Authority

{{Short description|Pakistan state-owned construction organisation}}

{{Use Pakistani English|date=September 2024}}

{{Use dmy dates|date=September 2024}}

{{more citations needed|date=March 2021}}

{{Infobox organization

| name = NAPHDA

| full_name = Naya Pakistan Housing & Development Authority

| formation = 15 January 2020

| key_people = Lieutenant General Anwar Ali Hyder, HI(M) (Retd)

| website = https://naphda.gov.pk/

}}

{{Imran Khan sidebar|expanded=22nd Prime Minister of Pakistan}}

Naya Pakistan Housing & Development Authority (NAPHDA) is the national construction organisation of the Government of Pakistan.{{cite web|title=Naya Pakistan Housing & Development Authority|website=naphda.gov.pk|access-date=2023-12-30|url=https://naphda.gov.pk/|archive-url=http://web.archive.org/web/20230606181058/https://naphda.gov.pk/|archive-date=2023-06-06|publisher=Government of Pakistan}} NAPHDA is responsible for the planning, development, construction and management of real estate projects across the country.{{Cite web|title=President promulgates Naya Pakistan Housing, Development Authority Ordinance – Business Recorder |url=https://fp.brecorder.com/2019/05/20190524478824/ |access-date=2021-01-26 |language=en}}

According to the State Bank of Pakistan (SBP), as of 2015 there exists a significant gap between housing demand and supply in major cities, with an estimated shortage of approximately 4.4 million units. This deficit is projected to worsen if current trends persist, with the five largest cities in Pakistan expected to account for a staggering 78 percent of the overall housing deficit by 2035.{{Cite web |date=2017-01-16 |title=The six biggest challenges facing Pakistan's urban future |url=https://www.theigc.org/blogs/six-biggest-challenges-facing-pakistans-urban-future |access-date=2023-07-18 |website=International Growth Centre |language=en}} In 2020, SBP estimated that the total housing deficit in 2020 stood at a staggering 10.3 million units, with urban areas facing a revised shortfall of 3.4 million units.{{cite web|title=Welcome home…or not|language=en|website=Profit by Pakistan Today|first1=Meerub|last1=Amir|date=2023-10-22|access-date=2023-12-30|url=https://profit.pakistantoday.com.pk/2023/10/22/welcome-homeor-not/|archive-url=http://web.archive.org/web/20231101142648/https://profit.pakistantoday.com.pk/2023/10/22/welcome-homeor-not/|archive-date=2023-11-01}}

Lieutenant General Anwar Ali Hyder, HI(M) (Retd.) is the chairman of NAPHDA.

History

The Naya Pakistan Housing & Development Authority was established on 15 January 2020.{{cite web|title=Naya Pakistan Housing & Development Authority {{!}} About Us|website=naphda.pk|publisher=Government of Pakistan|access-date=2023-12-30|url=https://naphda.gov.pk/about-us.aspx|archive-url=http://web.archive.org/web/20230603205643/https://naphda.gov.pk/about-us.aspx|archive-date=2023-06-03}}{{Cite web|title=Private banks to finance Naya Pakistan Housing Scheme: chairperson {{!}} SAMAA|url=https://www.samaa.tv/news/2020/09/naya-pakistan-housing-scheme-loan-2020/|access-date=2021-01-22|website=Samaa TV|language=en-US}} The Senate of Pakistan passed Naya Pakistan Housing and Development Authority Bill in 2019.{{Cite web|date=2020-01-14|title=Senate passes Naya Pakistan Housing Authority bill|url=http://tribune.com.pk/story/2137348/1-senate-passes-naya-pakistan-housing-authority-bill|access-date=2021-01-25|website=The Express Tribune|language=en}}

Subsidy

The Naya Pakistan Housing Authority has been provided a subsidy of {{Currency|30 billion|PKR|first=yes}}.{{Cite web|last=Reporter|first=The Newspaper's Staff|date=2020-06-13|title=Subsidy bill slashed by 40pc|url=https://www.dawn.com/news/1563180|access-date=2021-01-25|website=DAWN.COM|language=en}}

As of 2021, 1,820 applications out of over 8,000 received applications have been approved with an amount of {{Currency|5 billion|PKR}}.{{Cite web|last=Report|first=Recorder|date=2021-02-12|title=Mark-up subsidy scheme: Over 8,000 applications received, Baqir tells PM|url=https://www.brecorder.com/news/40063235|access-date=2021-02-12|website=Brecorder|language=en}}

See also

References

{{reflist}}

{{Ministry of Housing and Works (Pakistan)|state=expanded}}

{{DEFAULTSORT:Naya Pakistan Housing and Development Authority}}

Category:Pakistan federal departments and agencies

Category:Housing in Pakistan

Category:Housing organizations